Hospitality Sector Earnings Preview: Domestic Tourism To Provide Key Support In Q3, Says ICICI Direct
An employee wearing personal protective equipment (PPE) disinfects a display at a lobby at the ITC Maurya Sheraton Hotel ahead of its reopening in New Delhi. (Photographer: T. Narayan/Bloomberg)

Hospitality Sector Earnings Preview: Domestic Tourism To Provide Key Support In Q3, Says ICICI Direct

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

With the improvement in macro indicators in terms of business as well as Covid-19 recovery rate, the hospitality sector is also expected to witness a revival in demand compared to Q2 FY21 though at a slower pace.

Occupancy levels have grown month on month since September 2020 to cross 40% in Q3 FY21, which is the highest since the beginning of the nationwide lockdown in March 2020.

The revival of the sector has primarily been driven by leisure ‘revenge travel’ during weekends, festive season, weddings and food and beverage demand.

Click on the attachment to read the full report:

ICICI Direct Hotel & Tourism Q3FY21 Result Preview.pdf

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