RevPAR

Morgan Stanley initiates coverage on The Leela shares with ‘overweight’ rating, Rs 549 target; stock up 5%

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Morgan Stanley initiates coverage on The Leela shares with ‘overweight’ rating, Rs 549 target; stock up 5%

Driven by a “higher-for-longer” upcycle in the luxury hospitality segment, global brokerage firm Morgan Stanley initiated coverage on Schloss Bangalore, the company that owns and operates luxury hotels under the ‘The Leela’ brand, with an ‘Overweight’ rating and a target price of Rs 549. The target implies an upside potential of 35% from the stock’s … Read more

India’s hotel revenue per available room declined 43.5% in H1 2020: JLL

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India’s hotel revenue per available room declined 43.5% in H1 2020: JLL

New Delhi: The hospitality industry reported a decline of 43.5% in Revenue Per Available Room (RevPAR) in H1 year to date June 2020 over the same period last year, according to JLL’s Hotel Momentum India (HMI) Q2 2020, a quarterly hospitality sector monitor. Overall, in terms of inventory volume, brand signings declined by 83% in … Read more