Hotel stocks have been on a hot streak over the past month, buoyed up by a steady business outlook
Hotel, Airline stocks to buy: Analysts suggest investors selectively park their money in hotel and aviation stocks, as compared to luggage and travel aggregators, amid better earnings visibility
In Q4 and the subsequent quarters of the next financial year, the sector is expected to witness demand buoyancy on account of large-scale regional events, weddings and sustained transient travel.
The hotel industry is poised to continue its strong recovery in Q4FY25, fueled by healthy traction in MICE activities, cultural events, and a strong wedding season, believe analysts at Motilal Oswal.
During Q3, hotels reported strong pricing growth across key markets. Revenue growth is expected to remain strong in Q4
Buoyed by the government's policy interventions for the hospitality sector and a flourishing domestic tourism industry, ITC Hotels has strong growth enablers in place.
Benares Hotels hit a new high of Rs 10,990, rallied 15% on expectations of record revenue in March quarter, due to strong domestic demand on account of Kumbh Mela and related travels in the UP region.
Earlier in the day, the Indian Hotels share rose as much as 2.60 per cent to hit an intraday high of Rs 835 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
Even as hotel shares fell up to 5% on Monday; technical charts hint up to 15% upside potential for Mahindra Holidays, TAJ GVK, Apollo Sindoori, ITDC, EIH, Oriental Hotels and Advani Hotels.
Shares of Asian Hotels (North) were locked in the upper circuit for the 7th straight trading day, up 5 per cent at Rs 334.35 on the BSE in Wednesday's intra-day trade.
Occupancy may improve by up to 5 per cent, with the average room rate growing at 7-8 per cent over three years
Room with a view: Lemon Tree Hotels, Samhi Hotels top picks on brokerage rankings menu
Industry earnings and growth/recovery rates have consistently surpassed market expectations over the past six quarters
Analysts at Emkay Global see the strength in hospitality industry sustaining in March (Q4)/June (Q1) quarter, based on their channel checks, with year-on-year (YoY) improvement in average room rates.
Juniper Hotels made a quiet debut on the bourses on Wednesday, listing at Rs 365 -- a 1.4 per cent premium over its issue price of Rs 360 per share
Ride the wave of Q3FY24 strength, fuelled by rising average room rates and enhanced occupancy
There are likely to be 3,800,000 weddings during the ongoing season, according to the Confederation of India Traders (CAIT), which is expected to generate Rs 4.7 trillion worth of business
Listed players hit the 'suite' spot of growth in the business segment in Q2 defying seasonality
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