Hospitality Sector Earnings Preview - Leisure Demand To The Rescue In Q4: Nirmal Bang
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Nirmal Bang Report
Q4 FY21 was operationally better for hotels in terms of room revenues and food and beverages business compared to Q3 FY21 and nine months FY21.
Since international travel, corporate travel and meetings, incentives, conferences and exhibitions have not yet resumed, we expect the revenue per available room (RevPar) to be lower YoY.
Some of the loss of international demand is expected to be substituted by staycation demand, uptake in domestic travel to leisure destinations and luxury destinations.
Our interactions with experts suggest that certain leisure properties are performing better and drawing higher RevPar compared to the RevPar they used to draw in the pre-Covid-19 times.
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