Hotels, Tourism Q1 Results Preview - Second Wave To Put Brakes On Domestic Recovery: ICICI Direct

A swimming pool is seen at the Residences at Mandarin Oriental project in Bangkok, Thailand. (Photographer: Nicolas Axelrod/Bloomberg)

Hotels, Tourism Q1 Results Preview - Second Wave To Put Brakes On Domestic Recovery: ICICI Direct

Bookmark

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

While the Q4 FY21 performance showed a strong rebound in tourism demand, the pace of recovery started losing steam from April onwards with rising incidence of Covid-19 cases and state induced localised restrictions.

This again led to a fall in demand for leisure destinations that during H2 FY21 remained a key driver for revenues for hotel space.

Major corporate clients have continued with their work from home policy.

This has continuously kept demand from the corporate segment muted in Q1 as well. Overall, we expect Q1 FY22E to witness a temporary moderation in demand.

Click on the attachment to read the full report:

ICICI Direct Hotel Q1FY22 Result Update.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.