The hotel industry pack has had a dream run on Dalal Street. Stock prices of major hotel companies have delivered over 50% returns in the past year. Clearly, the sector has checked in for a winning streak post-pandemic. The wave of robust demand was led by the sugar rush in leisure and corporate travel, a … Read more
Service related sectors have got their mojo back after two years of the Covid-19 pandemic with the rise in consumption from India. One of the biggest beneficiaries of this is travel and tourism space. This has put the hotel sector at a sweet spot. Brokerage firms, both domestic and global, have turned positive on the … Read more
The hospitality industry has witnessed a strong recovery as the travel recovery bodes well for the sector. The hotel companies reported higher flow through (incremental EBITDA to incremental revenue) in 1QFY23 v/s 1QFY20. While domestic demand is seeing a strong recovery, international travel is lagging. With the pick-up in foreign inbound travellers in 3Q and … Read more
Analysts expect higher earnings growth for hotel companies than airlines in 2022-23. Synopsis According to the latest earnings estimates of Bloomberg’s pool of analysts, earnings per share (EPS) of hospitality sector leader Indian Hotels Company Limited (IHCL) are estimated to grow 21% in 2022-23. ET Intelligence Group: In the leisure segment, a clear trend has … Read more
NEW DELHI: The domestic equity market opened with a gap up on Monday but immediately gave in to profit booking, which resulted in a spike in volatility throughout the session. The indices erased initial gains to finally end the session flat with a positive bias. Ratings agency Icra revised its 2021-22 real GDP growth estimate … Read more