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 the strongest quarter due to high demand from weddings and holiday season," said Jaideep Dang, managing director, hotels and hospitality group, India at JLL, a property consultant. For all of FY26, we do expect an early double-digit growth," said Ashish Jakhanwala, chairman, managing director and CEO of Samhi Hotels which owns about 35 properties. “Though occupancies have slipped a little, rates remain strong across the board," Keswani added, highlighting that most listed companies continue to benefit from strong demand during peak wedding seasons.

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Weddings, events to ensure investors stay checked into hotel stocks
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Weddings, events to ensure investors stay checked into hotel stocks

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India’s hotel Industry to grow at 9% CAGR against demand of 12%c CAGR: Report
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NL Times  

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5 years, 9 months ago

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Live Mint  

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