Weddings, events to ensure investors stay checked into hotel stocks
2 weeks ago

Weddings, events to ensure investors stay checked into hotel stocks

Live Mint  

Investors in shares of hotel companies are enjoying a good view. “We anticipate hotel companies to post healthy growth in 2HFY25/FY26, aided by: an increase in ARR across hotels, due to a favorable demand-supply scenario, corporate rate hikes, and room upgrades through renovations; and healthy operating leverage," said Motilal Oswal analysts in a report dated 16 December. Expressing optimism about continued revenue growth, IHCL managing director & CEO Puneet Chhatwal said in the Q2 earnings call, “With 30% higher wedding dates and an increase in foreign tourist arrivals expected in H2, we remain confident of comfortably delivering double-digit revenue growth, even excluding the positive impact of TajSATS." “Valuations for IHCL are running well ahead of its historical averages, which compelled us to downgrade the stock to ‘reduce,’" said the Nuvama report earlier this month, adding, “We remain optimistic on the business though." This follows a ₹1,000 crore QIP by Chalet Hotels earlier in year and three IPOs, which cumulatively raised around ₹4000 crore," said a Jefferies India report on 10 December.

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History of this topic

Hoteliers look to better growth in H2 on weddings, events
1 week, 5 days ago

Hoteliers look to better growth in H2 on weddings, events

Live Mint  

Hoteliers that benefitted from a revenue surge in the first half of the fiscal year are looking for an encore in the second, fuelled by robust room rates and wedding season demand. Upcoming highways and airports indicate greater travel and room demand in future, Lemon Tree Hotels chairperson and managing director Patanjali G. Keswani said. “Historically, Q4 tends to be …

Hotel sector gears up for growth with ₹8,000-crore IPO pipeline and ITC demerger: Jefferies
4 weeks ago

Hotel sector gears up for growth with ₹8,000-crore IPO pipeline and ITC demerger: Jefferies

Live Mint  

The hotels' publicly-listed universe is set to expand with the potential debut of four new companies, aiming to capitalise on the strong outlook for the hotel industry, according to a recent note by Jefferies. The upcoming IPOs of Schloss Bangalore, Ventive Hospitality, and Brigade Hotels aim to raise around ₹8,000 crore collectively, alongside the demerger and listing of ITC Hotels. …

Indian hospitality sector eyes Rs80 billion boost as four new players gear up for market debut: Jefferies
4 weeks, 1 day ago

Indian hospitality sector eyes Rs80 billion boost as four new players gear up for market debut: Jefferies

Live Mint  

New Delhi, : India's hospitality sector is gearing up for a significant expansion in its listed universe, with four new players set to debut on the stock market. According to Jefferies report, Schloss Bengaluru, Ventive Hospitality, and Brigade Hotels are collectively aiming to raise approximately Rs80 billion through Initial Public Offerings. This surge follows earlier fundraisers in the sector, such …

Hotels join the fray as IPO frenzy continues
1 month, 2 weeks ago

Hotels join the fray as IPO frenzy continues

Live Mint  

While new-age ventures received all the spotlight in the markets, hospitality companies have quietly drawn serious interest from investors after the post-pandemic boom in travel and tourism. “Bharat Hotels, which is currently delisted, plans to go public soon," said Krishna Patwari, founder and managing director of Wealth Wisdom India. Blackstone-Panchshil’s Ventive Hospitality recently filed papers for a ₹2,000 crore IPO, …

Indian Hotels Company Limited plans to double hotel portfolio to more than 700 by 2030
1 month, 3 weeks ago

Indian Hotels Company Limited plans to double hotel portfolio to more than 700 by 2030

Hindustan Times  

The Indian Hotels Company Limited on November 19 announced that it has earmarked a capex of ₹5000 crore to double the number of hotel properties to over 700 from its current portfolio of 350 hotels by 2030, the company’s Managing Director and CEO Puneet Chhatwal said on November 19. The Indian Hotels Company Limited on November 19 announced that it …

Indian Hotels Company charts a growth plan: To double revenue, number of properties by 2030
1 month, 3 weeks ago

Indian Hotels Company charts a growth plan: To double revenue, number of properties by 2030

New Indian Express  

MUMBAI: The Indian Hotels Company, the Tata group's hospitality business unit, that owns and operates the Taj brand of luxury hotels along with seven other brands, has set a path to more than double its revenue to Rs 15,000 crore and also double the number of properties to 700 by the turn of 2030. The company has turned cash surplus …

Indian Hotels share price rises 6% to 1-year high post Q2 results; market cap crosses ₹1 lakh crore
2 months ago

Indian Hotels share price rises 6% to 1-year high post Q2 results; market cap crosses ₹1 lakh crore

Live Mint  

Stock Market Today: Indian Hotels Company Ltd share price gained more than 6% in intra-day trade on Friday to scale a one-year high following strong September quarter results. Indian Hotels share price opened at ₹709.95 on the BSE on Friday, more than 3% higher than the previous close of ₹683.60. Q2 Results During the quarter ended September 2024, Indian Hotels …

India's Hotel Boom: New Hubs Drive Growth
2 months, 2 weeks ago

India's Hotel Boom: New Hubs Drive Growth

Live Mint  

India's hotel market is experiencing a surge, with hotel transactions expected to reach $430 million this year, up from $350 million in 2023. The country is seeing a shift in investment towards new hubs with hospitality and commercial areas, strategically located. JLL, a leading commercial real estate and investment management company, is actively facilitating transactions in major cities like Delhi, …

India's hospitality sector sees $93 million investment surge in H1 2024
4 months ago

India's hospitality sector sees $93 million investment surge in H1 2024

Hindustan Times  

The country’s hospitality sector recorded an investment activity of around $93 million in the first half of the year. Listed hotel companies led the hotel transactions in the first half of 2024, with the upscale segment claiming the highest share of the total transaction volume, followed by mid-scale, luxury, and economy segments. H1 2024 witnessed 19,442 keys in terms of …

Hospitality sector witnesses $401 million investment activity in FY23: JLL
9 months, 1 week ago

Hospitality sector witnesses $401 million investment activity in FY23: JLL

Hindustan Times  

Hotel Investments in India touched $401 million in 2023 which was nearly a four-fold increase in the volumes witnessed in 2022. There is an increasing interest in hotel development activity in Tier-2 cities, with 54% of the total signings taking place in these locations Q1 2024 witnesses 80% y-o-y increase in hotel transaction volumes touching $78 million The report mentions …

Hotel industry expected to witness revenue growth of 7-9% in FY2025; spiritual tourism to drive demand
10 months, 2 weeks ago

Hotel industry expected to witness revenue growth of 7-9% in FY2025; spiritual tourism to drive demand

Hindustan Times  

The Indian hotel industry is expected to witness a 7-9% revenue growth in FY2025, over the 14-16% growth expected in FY2024. The Indian hotel industry is expected to witness a 7-9% revenue growth in FY2025, over the 14-16% growth expected in FY2024, a report by ICRA has said. The healthy demand amid relatively lower supply would lead to higher ARRs, …

Indian Hotels shares hit 52-week high, what drove the rally?
1 year ago

Indian Hotels shares hit 52-week high, what drove the rally?

Live Mint  

The Indian Hotels Company saw its shares rise by more than 1 percent, reaching a 52-week high of ₹458 on January 4. Providing insight into the reasoning behind the upgraded target, analysts at Morgan Stanley expressed their expectation of sustained double-digit growth in average room rates for the October-December quarter. The ramp-up of Ginger Mumbai and trends in revenue per …

Indian Hotels Company checks into growth mode
1 year, 4 months ago

Indian Hotels Company checks into growth mode

Live Mint  

The view for investors in shares of hotel companies in India is exciting right now. This bodes well for all hotel companies, including The Indian Hotels Co. Ltd. On Thursday, IHCL’s shares hit a new 52-week high of ₹436.45 apiece, and have gained 34% so far in 2023, sharply outperforming the nearly 9% rise in the Nifty 50 index. ICICI …

India’s hotels sector is seeing wind in its sales
1 year, 10 months ago

India’s hotels sector is seeing wind in its sales

Live Mint  

Air India’s mega order for 470 planes is being seen as a reflection of the economic growth India is likely to see in the coming years. The stock prices of the top four hotel companies by market capitalization—India Hotels, EIH, Lemon Tree and Chalet —have all outperformed the BSE Sensex this year. Improving Revenues When the pandemic hit, India’s hotel …

Hotels seeing sold-out days in Feb, Mar
1 year, 10 months ago

Hotels seeing sold-out days in Feb, Mar

Live Mint  

Travel, which typically begins to show early signs of slowing down around this time of year, is continuing its steadfast growth, showing a consistent increase for the month of February and planned travel for March on the back of domestic demand as well as planned honeymoon travel. Companies that operate in the sector, like Thomas Cook India, upscale and upper-upscale …

Hotel aggregator OYO files for Rs 8,430 crore IPO
3 years, 3 months ago

Hotel aggregator OYO files for Rs 8,430 crore IPO

Firstpost  

The offering will consist of a fresh issue of shares of up to Rs 7,000 crore and an offer for sale of as much as Rs 1,430 crore, according to the draft red herring prospectus filed with SEBI Hotel aggregator OYO has filed preliminary documents for a Rs 8,430 crore initial public offering as it joined the rush of technology …

Expansion plans of Indian Hotels on track despite covid blues
4 years, 5 months ago

Expansion plans of Indian Hotels on track despite covid blues

Live Mint  

The Indian Hotels Co. Ltd, promoters of the Taj group of hotels, said its expansion plans remain intact despite the covid-19 pandemic. The hotel business has a negative outlook for the year with little hope of a revival, said Madan Sabnavis, chief economist, Care Ratings Ltd. Any company looking at expansion is operating on a medium- to long-term strategy, he …

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