HOTEL REVENUE
Godrej Properties to develop 11-acre project at Pune with revenue potential of Rs 1,800 cr
The newly acquired land is situated in a prime area near the upcoming Megapolis Metro Station, enhancing its accessibility to major IT hubs in Hinjewadi. The location is anticipated to draw substantial interest from both residential and commercial investors due to its proximity to essential amenities such as schools, hospitals, shopping malls, restaurants, and premium hotels.
Hotel stocks in focus; Lemon Tree, India Hotels could give 9-20% return in next 1 year
India's hospitality sector sees robust growth with increasing demand for branded rooms, particularly in urban hubs and the luxury segment. Growth is sustained by infrastructure development and rising business travel, reflected in increased RevPAR and corporate rate hikes.
Heatwaves burn a hole in hotels' revenue growth
Heatwave conditions and the seasonality of the hotel business impacted revenue growth in May 2024, with average revenue per available room growing only 2-3% year-on-year. Despite air passenger traffic rising 4.4%, occupancy rates remained flat at 60%. High temperatures affected leisure destinations, while business hotel demand recovered in major cities. Analysts expect similar trends in June and muted booking growth for the quarter.
ITC Hotels witnessing growing interest among property owners to partner with its brand : ITC Annual Report
ITC Hotels' strategic expansion across diverse segments led to significant revenue growth, surpassing Rs 1000 crore in Segment EBITDA and witnessing a remarkable 39% increase in Segment PBIT.
Tata Group is India’s most valuable brand: Report
Tata Group has maintained its position as India’s most valuable brand with a brand value of $28.6 billion, according to the latest Brand Finance India 100 2024 report. The group's Taj hotel brand also secured the top spot as India’s strongest brand. Infosys follows as the second-most valuable brand with a brand value of $14.2 billion, showing a steady 9% growth. HDFC Group surged to the third spot with a brand value of $10.4 billion following its merger with HDFC Ltd.
Expect improvement in occupancy vis-a-vis the previous year from Q2: Patanjali G Keswani, Lemon Tree Hotels
While you can say that in spite of heat it was decent performance, I am looking at trend lines and I expect the catch up will happen really from Q2 when there will be improvements vis-a-vis the previous year in occupancy.
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Buy Lemon Tree Hotels, target price Rs 175: Motilal Oswal
Lemon Tree Hotels Ltd. key Products/Revenue Segments include Income from Rooms, Restaurants & Other Services and Other Operating Revenue for the year ending 31-Mar-2023.
Buy Indian Hotels Company, target price Rs 680: Motilal Oswal
Indian Hotels Company Ltd., incorporated in the year 1902, is a Mid Cap company (having a market cap of Rs 90871.91 Crore) operating in Tourism & Hospitality sector.
18 companies turned profitable in Q4 after 3 straight quarterly losses. Worth buying?
18 companies including BHEL, Centrum Capital, Inox Wind, Piramal Pharma, SAMHI Hotels, and Sterling and Wilson turned profitable in Q4 after consecutive losses. Sagar Cements reported a profit of Rs 11.59 crore. Inox Wind Energy recorded a profit of Rs 38.8 crore. Analysts expect India Inc earnings to grow by 12% for FY25.
Royal Orchid aims for major expansion with 11,000 keys by 2026
Royal Orchid, a hospitality company based in Bangalore, plans to expand its portfolio to 11,000 keys over the next two years by entering new markets in Jammu & Kashmir, Uttar Pradesh, Andhra Pradesh, and Telangana, and by enhancing its presence in existing locations.
Buy Indian Hotels Company, target price Rs 640: ICICI Securities
Indian Hotels Company Ltd., incorporated in the year 1902, is a Mid Cap company (having a market cap of Rs 75484.61 Crore) operating in Tourism & Hospitality sector.
Buy Lemon Tree Hotels, target price Rs 175: Motilal Oswal
Lemon Tree Hotels Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 11127.10 Crore) operating in Tourism & Hospitality sector.
Royal Orchid Hotels reports PAT of Rs 50.82 cr for FY24
Royal Orchid Hotels Limited reported a total income of Rs 312.70 crore for FY 2024, up from Rs 279.69 crore in FY 2023. In Q4 FY 2024, the chain's total income was Rs 82.30 crore, up from Rs 76.54 crore in Q4 FY 2023.
Park Hotels consolidated EBITDA margin for FY24 was 35% and is going to go up further: Vijay Dewan
Apeejay Surrendra Park Hotels, led by MD Vijay Dewan, reported a consolidated EBITDA margin of 35% for the past year, with plans for further improvement through efficiency measures and hotel upgrades. He says going forward, the EBITDA margins are going to further improve and a significant improvement in PAT in the coming year is expected as well.
Shahid Kapoor buys sea-view luxury apartment in Mumbai’s Worli for Rs 60.4 cr
The apartment spread over 6,176 sq ft on the 24th floor of Three Sixty West project on Dr. Annie Besant Road is the second such deal concluded by the actor in this luxury residential tower. Prior to this, Kapoor and his wife had purchased a duplex on the 42nd and 43rd floor of the same tower of the high-rise project for over Rs 58.57 crore in 2018.
ITC Demerger: IiAS advises shareholders to vote against splitting of hotels business
IiAS does not see any substantial value unlocking for ITC’s hotel business and thus recommends shareholders to vote against the proposed demerger of the business. The advisory firm called it a lack of clarity on the part of the board of directors on the plan for the 40% holding in the hotels business.
Airlines, hotels, retailers fear being left out in Google's search changes
Airlines, hotels, and retailers urge EU tech regulators for fair treatment in Google's compliance with DMA regulations. Concerns raised about revenue impact as Google's response focuses on changes favoring large intermediaries and aggregators, with ongoing investigations by the Commission.
ITC to seek shareholder approval on June 6 for hotels biz demerger
As part of the demerger, which will unlock value for its 36 lakh shareholders and also improve the capital allocation of the parent company, ITC will own 40% of ITC Hotels. The remaining 60% will be owned by ITC shareholders in proportion to their ownership in the parent entity.
ITC Q4 Results: Net profit drops marginally to Rs 5,020 crore
Revenue from operations went up by 1.4% at Rs 17,752.87 crore in the period under review. The company said excluding the agri-business (which was severely impacted due to government restrictions in trade of agri-commodities), the company’s gross revenue during the fourth quarter has gone up by 6% y-o-y.
ITC Q4 Preview: Revenue to grow around 3% YoY; margins to contract
Brokerage firms expect that ITC will announce subdued revenue growth for the fourth quarter when it declares its results on May 23. Based on projections from different brokerages, it's anticipated that profits will see a modest 3% year-on-year increase, with the hotels segment expected to perform strongly. In the previous December quarter, ITC recorded a 6% rise in consolidated net profit, amounting to Rs 5,335 crore.
Hotel industry clocks 11 pc annual growth in revenue per available room during Jan-Mar: Report
India's hotel industry saw an 11% rise in revenue per available room in Q1 2024, with Chennai leading at 21.7%. The growth was driven by an 8.5% rise in Average Daily Rate, fueled by corporate travel, weddings, and MICE demand.
Hotels up hiring game: About 100,000 jobs likely to be created in 12-18 months
Hotels across segments are ramping up their workforce as they are adding more rooms and entering new markets amid a strong pickup in business and leisure travel. The jobs they are recruiting for are a mix of permanent, temporary and gig, said Balasubramanian A, vice president and head of consumer, hospitality and ecommerce at TeamLease.
Q4 results today: Zomato, Varun Beverages among 59 companies to announce earnings on Monday
59 companies, including Zomato and Varun Beverages, to reveal Q4 results for March 2024. Jindal Steel, Tube Investments, AB Capital also share earnings. Zomato expects 75% y-o-y revenue growth, 48% q-o-q net profit rise.
Oberoi parent EIH gets into branded residences in Mumbai
The Oberoi Group launches The Oberoi Residential Suites in Mumbai, offering luxury amenities and modern design. EIH Limited reports a 28% revenue increase, with profits after tax up by 55% from the previous year.
'IHCL aiming for double-digit growth in FY25'
IHCL reported a 29% year-on-year rise in net profit in the fiscal fourth quarter to ₹438 crore. Revenue in the three months ended March 31 grew 17% from a year earlier to ₹1,905.3 crore. IHCL had also announced that it will introduce the re-imagined Gateway, a full service hotel offering in the upscale segment, which it believes will be an 'ideal fit' to tap growth opportunities in emerging micro markets in metros and tier-II and tier-III cities.
Indian Hotels well placed to benefit from rising travel demand
In the March 2024 quarter, the company's revenue grew by 17.2% year-on-year to Rs1,905 crore. Net profit jumped by 29.4% to Rs438 crore. The management commentary during an analyst call after the results hinted at a sustained demand for rooms in FY25.
SAMHI Hotels, 2 more stocks set to sizzle this summer with up to 36% likely upside, says Kotak Equities
SAMHI Hotels, SAMHI Hotels share price, Kotak Equities, Chalet Hotels stock target, Indian Hotels stock target
Discovery of India by Indians is an exciting opportunity: Hyatt CEO Mark Hoplamazian
Hyatt Hotels' CEO Mark Hoplamazian is optimistic about India's hospitality market, noting the country's discovery by Indian travelers. With 48 hotels in India and plans for 50 more, including in Goa and Bengaluru, Hyatt aims to tap into India's growing leisure and spiritual travel sectors. Hoplamazian sees potential in brands like JdV and Unbound Collection. Despite global challenges, Hyatt's focus on high-end travelers and wellbeing services has led to record earnings and a robust pipeline, with India playing a key role in its growth strategy.
Hotels to see 9-11% revenue growth in FY25; third straight year in current upcycle: CareEdge Ratings Report
CareEdge Ratings predicts a 12-14% revenue per available room growth for the hospitality industry in FY2024, followed by a 9-11% growth in FY2025. The sector's recovery in occupancy rates and average rates has boosted revenue per available room. Average room rates are expected to rise, reaching Rs 7,700 to Rs 7,900 in the next fiscal. Domestic travel is driving demand, with international travel yet to fully recover. The sector is expected to see steady high occupancies and continued revenue growth in FY2025.
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