Lemon Tree Hotels Stock

Lemon Tree Hotels management has guided for mid-teens revenue growth driven by a busy wedding season, surge in MICE activities, higher share from Aurika, Mumbai and contribution from new hotels

The structural outlook remains favourable, analysts said. Mumbai contributes nearly 15 per cent to India's hotel room revenue and disproportionately dominates the luxury segment.

Lemon Tree Hotels share price was quoting 3.25 per cent higher at ₹170.64 per share against the previous close of ₹165.27 on the NSE

Indian Hotels is aggressively expanding its presence in India's hospitality sector through its 'Accelerate 2030' roadmap, targeting growth in the midscale segment.

Technical charts suggest that share price of ITC Hotels, Indian Hotels, Taj GVK, Lemon Tree and Chalet Hotels could see up to 20 per cent upside from here.

Lemon Tree Hotels stock gains 7% in Monday's trade: Fleur Hotels, subsidiary of the company, was declared a successful bidder in an e-auction for allotment of land at Nehru Place, New Delhi.

Nuvama said the hotel operator's Q1 growth was "driven by improving average room rates (ARRs) and occupancies across portfolio brands" despite geopolitical tensions and air travel disruptions.

Lemon Tree Hotels' stock rose as much as 3.15 per cent during the day to ₹138 per share

The rise in Lemon Tree Hotels share price came after the company announced that it has signed a new property in Valsad, Gujarat

The rise in Lemon Tree Hotels share price came after the company announced that it has signed a new property in Mumbai.

The rise in Lemon Tree Hotels share price came after the company announced that it has signed a new property in Ujjain, Madhya Pradesh.

The uptick in stock price acme after the company launched its first property in Jharkhand with Lemon Tree Hotel, Centre Point, Jamshedpur

Godfrey Phillips has been one of the key outperformers among SmallCaps thus far in 2024; presently the stock is seen testing support at its trend line, shows daily chart.

A combined 17.23 million equity shares, representing 2.17 per cent of total equity of Lemon Tree, changed hands in the first 40 minutes of trade on the NSE and BSE

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The company said that the two additions under two diverse models aligned with their asset-light policy

Hotel companies are working fast to take advantage of being the first mover at these locations

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Most hotel-related stocks gained ground in this backdrop, with Indian Hotels, EIH Ltd, Lemon Tree Hotels, TAJ GVK Hotels and Speciality Restaurants rallying up to 5 per cent

Among the triggers expected to boost sales are demand uptick and room additions