Indian Hotels - Leisure Segment Continues To Strengthen: Nirmal Bang
Loung area at The Connaught, New Delhi. (image Company website)

Indian Hotels - Leisure Segment Continues To Strengthen: 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

Our interactions with experts from the industry and Indian Hotel Company Ltd. besides anecdotal evidence indicate that recovery in revenue is driven by the following factors-

1. Leisure continues to drive growth; evidence of occupancy level reaching more than 85% in some locations

2. This has led to growth in the average room rate in these leisure destinations

3. Strong food and beverage growth was seen in Q3 FY21 continues to drive revenues

4. Corporate demand driven by micro small and medium enterprises has started contributing to topline

5. Alternate revenue streams - aggressive expansion of ‘Chambers’ to different locations and an increase in a number of members will help improve profitability.

Click on the attachment to read the full report:

Nirmal Bang Indian Hotels-Company Update-08 March 2021.pdf

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