Hospitality Sector Q3 Earnings Preview: Recovery In Progress - Nirmal Bang
An employee wearing a protective mask uses a smartphone at the ITC Maurya Sheraton Hotel. (Photographer: T. Narayan/Bloomberg)

Hospitality Sector Q3 Earnings Preview: Recovery In Progress - Nirmal Bang

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.

Nirmal Bang Report

Q3 FY21 was operationally better for hotels compared to H1 FY21. Although hotels received permissions to begin operations from June 08, 2020, the opening up of hotels was not uniform across states in India.

Q3 FY21 saw pick-up in domestic travel with preference for leisure destinations and luxury hotels. However, city hotels and corporate travel are yet to witness a similar pick up.

With the discovery of new strain of the Covid-19 virus, the steps taken by the central and state governments like imposing of ban on arrivals from many international destinations, mandatory Covid tests for inter-state travels and night curfews are likely to slow down recovery of the sector.

Click on the attachment to read the full report:

Nirmal Bang Hospitality Sector-Q3FY21 Result Preview- 7 January 2021.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.