Hospitality  Sector Q4 Earnings Preview - Long Way To Go: Dolat Capital
The Connaught in New Delhi, part of Indian Hotels’ SeleQtions brand of hotels. (Photo: Indian Hotels website)

Hospitality Sector Q4 Earnings Preview - Long Way To Go: Dolat Capital

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.

Dolat Capital Report

We anticipate hospitality industry to see modest improvement on sequential basis.

Industry wide occupancies is estimated at approximately 45-50% versus 35-40% in previous quarter.

Pent up demand, revenge travel, weddings, staycations have been the factors driving revenues.

Local lockdowns, curfews, restrictions and re-surfacing of Covid-19 fear in March have pulled back recovery pace.

International travel and corporate business has seen some green shoots but nothing impactful.

Average room rate is likely to witness a 5-10% uptick QoQ but yet expected to be down 30-40% YoY. ARR normalcy may only be achieved post the recovery in occupancies.

Click on the attachment to read the full report:

Dolat Capital Hotels Q4 Earnings Preview.pdf


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