Hotels Sector Check - Healthy Demand Led To Price Surge In Key Destinations In March: IDBI Capital

NDTV Profit’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 NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..IDBI Capital Report.In our monthly hotels update we have summarised key events of the domestic hotel industry, new hotels signing/addition by key players during the month and pricing trend of key cities for March, 2024. We have analyzed pricing of 171 hotels with ~33,000 keys across key eight cities to understand the trend over last 24 months. After a healthy start to the year, the industry has kept its momentum of healthy price uptick, majorly supported by good demand. Wedding season (as well as destination weddings), improved Meeting, Incentives, Conferences and Exhibitions travel and demand from corporate travel have been key levers for growth in average daily rate. The organised players continued healthy inventory addition with Lemon Tree Hotels Ltd. adding six hotels and Indian Hotel Company Ltd. adding five hotels in March, 2024. We maintain our positive outlook on Indian Hotels, Chalet hotels and Lemon Tree hotels amongst the listed players..Click on the attachment to read the full report:.IT Q4 Results Preview - Tighter Budgets, Lower Discretionary Spend Key Dampeners: IDBI Capital.DISCLAIMERThis report is authored by an external party. NDTV Profit 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 NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Hotels Sector Check - Healthy Demand Led To Price Surge In Key Destinations In March: IDBI Capital

The organised players continued to add new inventory, majorly through management contract.

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