TAJ FISHERMAN COVE RESORT
Time to check in again? 10 hotel stocks across market cap, one with an upside potential of up to 27%
One of the sectors which has got strongly re-rated in the last four years has been hotel and tourism. Whenever there is a re-rating of a sector, it is the leader of that sector which tends to get re-rated first. So, it was the stocks of Indian hotels, which led the rally and then others joined the bandwagon. Now whether the industry has got re-rated should be judged by how the numbers have panned out across the companies in the sector. If there is an improvement across the board, then it is sectoral re-rating which is sustainable. If only one or two players have shown improvement then it is probably because the management of those companies have adopted a clever business strategy. Now the question is whether the re-rating will sustain or not. Second, whenever the markets are falling should one buy hotel stocks? The answer to these questions lies in looking at the fundamental numbers across the players in the industry. We take a look at 10 stocks, some of which are not rated, but their overall score is positive to neutral.
Will 35% margin be the new normal for Indian Hotels in foreseeable future? Puneet Chhatwal answers
Puneet Chhatwal, MD & CEO of IHCL, discusses the projected increase in management fee income, expecting it to reach Rs 550 crore by 2025-26. He highlights the high flow-through of management fee business, stating that it is expected to grow at a rate of over 20% per annum. Chhatwal mentions the significant contribution of fee-based business and operating leases to IHCL's overall revenue. He concludes with confidence in the company's financial growth and the potential for further margin expansion.
Oriental Hotels Q2 results: Standalone profit at Rs 10 crore
Total standalone income during the quarter under review grew to Rs 95.42 crore, from Rs 91.06 crore registered in the same period of last year.
Oriental Hotels reports standalone Q1 PAT at Rs 11.09 cr
The Oriental Hotels Ltd has seven hotels including Taj Coromandel in Chennai, Taj Fishermen's Cove Resort and Spa Chennai, Taj Malabar Resort and Spa, Cochin, Vivanta, Coimbatore, The Gateway Hotel, Pasumalai, Madurai, The Gateway Hotel Old Port Road, Mangalore and Gateway Coonoor which is an IHCL SeleQtions hotel.
Top cities for a destination wedding in India
These cities offer a range of options, from premium luxury palaces and 5-star luxury hotels to 3- and 4-star heritage hotels, affordable boutique hotels and budget resorts.
We will be a zero debt company by April 2023: IHCL MD and CEO
Puneet Chhatwal, MD and CEO of IHCL spoke about recovering from the pandemic, the chain's 'new age' businesses, its partnership with Singapore's sovereign wealth fund GIC that has been extended for two years and plans and growth targets for various brands.
- Go To Page 1
Oriental Hotels Q2 results: Net loss narrows to Rs 5 crore
Oriental Hotels' revenue from operations stood at Rs 52.34 crore for the period under review as compared to Rs 15.8 crore in the year-ago period, Oriental Hotels said in a regulatory filing.
Oriental Hotels Q1 results: Co reports net loss at Rs 17 crore
Revenue for the quarter under review stood at Rs 25.40 crore as against Rs 7.55 crore registered in the same quarter last fiscal.
Oriental Hotels reports standalone net loss of Rs 4.64 crore
The company, which has several hotels, including the Taj Coromandel in Chennai, registered a net loss at Rs 18 lakh during the corresponding quarter last year.
PM Modi gifts Xi image embossed silk shawl to Chinese premier
Xi Jinping, in reciprocation, gifted a porcelain memento, which had Modi's image.
Amid 'Chennai Connect', Modi reminds Xi to prevent differences from escalating
In his opening statement on the second day of the informal summit, Modi said the Wuhan summit helped to increase the strategic communication between the two sides.
PM Modi, China President Xi Jinping hold talks on second day of informal summit
Modi and Xi exchanged views facing the sea front in the luxury Taj resort Fisherman's Cove.
Chinese President Xi Jinping arrives in Chennai to a grand welcome
The visit comes soon after the recent episode of turbulence in bilateral ties over India's withdrawal of J&K's special status.
Mamallapuram summit: Modi, Xi expected to attempt ways to fashion re-balance in ties
The first informal summit between the two leaders was held in the picturesque Chinese lake city of Wuhan in April 2018.
When on holiday, Bengaluru's millennials do not leave their pets behind
Road trips to nearby hill stations and beaches are most popular.
Adventure enthusiast Rannvijay's top experiences in California
If you are thinking adventure, then follow Rannvijay’s journey through California.
Planning a trip this summer? Here are five spots you shouldn’t miss when travelling!
Sunsets are always memorable especially if coupled with good food.
Chennai's Taj Connemara to be shut for renovation
The iconic Vivanta by Taj Connemara -a landmark heritage hotel in the heart of Chennai -will be shut down for major renovation from May 10.
Chennai’s Vivanta by Taj-Connemara to shut for renovation
Taj Group operates four other properties, which include Taj Coromandel, Vivanta by Taj – Fisherman’s Cove, Taj Club House and Gateway Hotel IT Expressway.
Take a river cruise and enjoy India’s iconic rivers
Wake up to the sound of birds, the splash of oars cutting through water and the smell of rural India and its natural greenery when you go on an Indian River Cruise.
Poke Me: CBI will never net the big offenders
As long as CBI works under the present architecture there is no chance of any significant progress in catching the “big fish” or enforcing the Rule of Law against powerful persons.
Email threats to Taj Group hotels from Pakistan
The Internet Protocol (IP) address of the emails, all of them in English, was traced to Rawalpindi in Pakistan by the state anti-terrorism squad (ATS).
Taj plans makeover for luxury hotels
Elsewhere in the country IHCL is set to unveil a new brand identity for its premium business hotels under Vivanta.
Load More
