Thursday, January 26, 2023
Market-Reporter
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
Market-Reporter
No Result
View All Result
Home Spending & Saving

Indian Hotels’ Q1 is strong, but investors may not check in soon

MtR by MtR
August 9, 2022
in Spending & Saving
0


The Indian Hotels Co. Ltd put up a solid show in the June quarter (Q1FY23). Occupancy and average room rates exceeded pre-covid levels because of improving demand across markets and segments. Consequently, the company swung to profit in Q1 with a consolidated profit after tax of ₹170 crore versus a loss of ₹277 crore in the same quarter last year.

The management expects the business momentum seen in Q1 to sustain as the demand from corporate travel continues to recover. Last quarter, revenue per available room in the key metro markets of Mumbai, Bengaluru, and Delhi and the National Capital Region saw faster recovery than the industry. Further, hotel demand led by international travellers is expected to make a comeback in Q3FY23, after the Diwali festival, driving demand for the company’s hotels in places such as Rajasthan and Goa, the management said in its earnings call. International travel had contributed about 15% to the company’s pre-covid revenues.

Sharp rebound

View Full Image

Sharp rebound

Leisure and business travel is fast catching-up and investors’ sentiment towards hotel stocks is upbeat.

Related articles

Investing in bonds? Know the 8 types first before you make a foray

August 10, 2022

Times letters: Conserving energy and saving money – The Times

August 9, 2022

In CY22, the Indian Hotels’ stock has rallied by nearly 50%, even as the Nifty500 index has given negative returns. The stock is trading close to its 52-week high of ₹275.30 seen on 4 August.

“Hotel stocks are seen benefiting from abating covid fears, which are supporting domestic leisure and business travel demand. Indian Hotels’ presence across various price points means it is better placed than peers having higher exposure to the business travel segment. Debt reduction and sticking to an asset-light model for expansion are other positives for the company,” said Shobit Singhal, analyst at Anand Rathi Shares and Stock Brokers.

Investors are likely to cheer Indian Hotels’ stellar Q1 performance, but a sharp and a sustainable move up would depend on the absorption of higher room rates, especially in the leisure segment and how the company’s Avhaan 2025 growth strategy pans out. One objective is to achieve a consolidated earnings before interest, tax, depreciation and amortisation (Ebitda) margin of 33% by FY26.

“Indian Hotels’ result would aid investors’ sentiment towards the sector and we expect it to meet the Ebitda margin guidance before the stated time. That said, most of the positives are priced-in and a meaningful upside looks unlikely in the near-term,” said an analyst with a domestic brokerage house requesting anonymity. Also, external risks arising from a potential spread of Monkeypox or a war, could hamper foreign tourist-led demand for hotels.

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint.
Download The Mint News App to get Daily Market Updates.

More
Less

Subscribe to Mint Newsletters

* Enter a valid email

* Thank you for subscribing to our newsletter.

First article



Source link

Related Posts

Investing in bonds? Know the 8 types first before you make a foray

by MtR
August 10, 2022
0

Updated: 10 Aug 2022, 08:44 AM ISTTL;DR.Putting money in bonds is an interesting investment option, though not many are not...

Times letters: Conserving energy and saving money – The Times

by MtR
August 9, 2022
0

Times letters: Conserving energy and saving money  The Times Source link

Turkey suggests saving Europe from energy crisis

by MtR
August 9, 2022
0

The Turkish authorities have proposed to save the European Union from the energy crisis with the help of an "energy...

Are We Past Peak U.S. Inflation?

by MtR
August 9, 2022
0

Consensus expectations are for headline CPI to come in at mom, yoy, with the Core CPI report expected to print...

Discover the new platform that’s saving Kiwis money

by MtR
August 9, 2022
0

From fuel and food to rent and interest rates - everything is ridiculously expensive right now and it can be...

Load More
  • Trending
  • Comments
  • Latest

Bank of England tells ministers to intervene on digital currency ‘programming’

June 21, 2021

Tips for checking smoke alarms during daylight saving time

March 12, 2022

GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

July 9, 2021

What will Durham County education bonds pay for? A full list

July 8, 2022
African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

0
Maxum Foods releases Global Dairy Commodity Update for June

Maxum Foods releases Global Dairy Commodity Update for June

0
Letter: Perpetual bonds can help states fight hunger

Letter: Perpetual bonds can help states fight hunger

0
United Kingdom ETFs Are Riding the Re-Opening Momentum

United Kingdom ETFs Are Riding the Re-Opening Momentum

0

Investment in overseas real estate surges : The DONG-A ILBO

August 11, 2022

U.S. inflation CPI report, Wall Street, currencies

August 10, 2022

Alberta oil production set new record in first half of 2022

August 10, 2022

Industrial Lubricants Market to Reach $71 Billion by 2027.

August 10, 2022

Recent News

Investment in overseas real estate surges : The DONG-A ILBO

August 11, 2022

U.S. inflation CPI report, Wall Street, currencies

August 10, 2022

Alberta oil production set new record in first half of 2022

August 10, 2022

Categories

  • Asia
  • Bonds
  • Canada
  • Commodities
  • Cryptocurrencies
  • Currencies
  • Emerging Markets
  • ETFs
  • Europe & Middle East
  • IPOs
  • Latin America
  • Mutual Funds
  • Personal Finance
  • Real Estate
  • Retirement
  • Spending & Saving
  • Stocks
  • U.S. Markets
  • Privacy & Policy
  • About Us
  • Contact Us
  • Advertise with us

© 2021 Copyright Market-Reporter

No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate

© 2021 Copyright Market-Reporter