Indian Hotels Company Management Meet Update - V-Shaped Demand Recovery Drives Growth: 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.We recently hosted Indian Hotels Company Ltd. on an investor call. The management stated that the strong rental growth in hotels seen in Q2 FY22 gathered further momentum in Q3 FY22 with staycations, vacations, weddings etc. Green-shoots of recovery has been seen in corporate travel and meetings, incentives, conference/ conventions and exhibitions/ events. However, they are not at pre-pandemic levels as yet. Indian Hotels' management strategy is focused on driving growth and not on debt reduction. The key elements of the strategy include-asset light room expansion by increasing management contracts,diversifying revenue streams to include Chambers, Qmin and Ama along with traditional streams like room rentals and food and beverage,sustained cost reduction relative to pre-pandemic level to help in improving margins,improving balance sheet strength with acquisition of subsidiaries like Roots,focused property asset management to ensure returns on property are higher than the hurdle rate for the property..Click on the attachment to read the full report:.DISCLAIMERThis 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.

Indian Hotels Company Management Meet Update - V-Shaped Demand Recovery Drives Growth: Nirmal Bang

Indian Hotels Company Management Meet Update - V-Shaped Demand Recovery Drives Growth: Nirmal Bang

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