 "StayVista aims for a 2028 IPO to raise ₹600 crore, expanding its luxury villa portfolio from 1,000 to 2,500 properties.")
StayVista, a leading luxury villa rental company in India, is set to list on stock exchanges by 2028 to raise Rs 600 crore while expanding its portfolio from 1,000 to 2,500 properties within two and a half years. Co-founder Amit Damani reported that the company reached Rs 140 crore in revenue for FY24 and turned Ebitda positive in FY25. Current occupancy rates average 35% but can rise to 80% on weekends, primarily in getaway markets like Kasauli, Lonavala, Coorg, and Goa. Looking ahead, StayVista aims to grow in regions like Uttarakhand and Himachal, and is exploring wildlife and pilgrimage destinations for future expansion, driven by a prosperous vacation rental Market projected to grow significantly through 2029.
StayVista, a leading luxury villa rental company in India, is gearing up for an ambitious expansion. The co-founder, Amit Damani, recently announced plans for the company to go public by 2028 with a target of raising Rs 600 crore. StayVista currently operates around 1,000 properties across the country and has set its sights on expanding this portfolio to 2,500 villas within the next two and a half years.
In the financial year 2024, StayVista achieved a revenue milestone of Rs 140 crore and, for the first quarter of FY25, shifted to an EBITDA-positive status, generating Rs 42.2 crore in revenue and a net profit of Rs 1 crore. Damani emphasized the company’s capital efficiency, having operated with a modest investment of Rs 30 crore over seven years. The target for this year is to close with a revenue of Rs 196 crore and a profit of Rs 4 crore.
The growing trend of short-haul trips, especially for long weekends and celebrations, is boosting occupancy rates, which currently average 35 percent but can jump to as high as 80 percent on weekends. Key markets for StayVista include popular getaway destinations like Kasauli, Lonavla, Coorg, and Goa.
Damani pointed out that the company sees significant growth potential in regions like Uttarakhand, Himachal Pradesh, and Kashmir, and is also exploring opportunities in wildlife and pilgrimage destinations. Recent successes in Varanasi, where occupancy rates outpaced other locations, are fueling this expansion strategy.
In addition to traditional vacation rentals, the broader Market shows promise; Statista projects that India’s vacation rental Market will reach $2.12 billion by 2024, with a growth rate of 8.72 percent annually until 2029. With increasing popularity in homestays, StayVista is poised to capitalize on this trend and enhance its presence in both established and new markets across the country.
StayVista’s strategic move to target larger properties for weddings and corporate events demonstrates a keen understanding of Market needs. As the company continues to grow, it aims to transform the luxury rental landscape in India, welcoming more customers to unique and memorable stays.
Tags: StayVista, luxury villa rentals, Amit Damani, investment plans, vacation Market, homestays, property expansion, travel trends, Indian tourism.
What is StayVista?
StayVista is a company that rents out vacation villas. They offer a range of beautiful homes for people to stay in when they go on holiday.
What are StayVista’s future plans?
StayVista aims to go public with an Initial Public Offering (IPO) in 2028. They want to raise more money to grow the business.
How much revenue does StayVista expect by 2028?
StayVista is aiming for a revenue of Rs 600 crore by the year 2028. This means they plan to make a lot more money in the coming years.
Why is StayVista going for an IPO?
Going public will help StayVista get more funds to expand and improve their services. It can also give them a better Market presence.
What kind of villas does StayVista offer?
StayVista offers a variety of villas, usually with beautiful views and comfortable amenities, perfect for vacationers looking for a home-like stay.
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