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Nirmal Bang Report
We hosted the management of EIH Ltd. at our Annual Investor Conference to discuss about the current business situation as well as outlook. The key takeaways include-
Leisure travels stay strong leading to strong revenue recovery compared to pre-Covid-19 level,
gradual resumption in corporate travel shall aid to the revenues,
moderation in industry room supply growth will drive average room rate and occupancy,
food and beverage business is the key contributor to the sales.
continuous efforts towards reducing the cost structure.
While we like the EIH franchise, we are in the process of taking over coverage and hence put it under review for the time being.
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