Home NewsStock Market News Hotel companies stock price: Hotel companies back on growth track with rising occupancy rates

Hotel companies stock price: Hotel companies back on growth track with rising occupancy rates

by WOOWinvest
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Hotel companies stock price: Hotel companies back on growth track with rising occupancy rates


Among listed players, Indian Hotels and Lemon Tree Hotels are likely to record higher earnings given their strong balance sheets and cost-efficiency.

Synopsis

According to various estimates by brokerages and research firms tracking the hospitality sector, the average occupancy rate touched 66% at the end of the June 2022 quarter. The occupancy was at 66.1% in 2019. Factors such as improvement in leisure travel, steady demand from corporate travel, and large events and conferences have contributed to the improvement in occupancy.

ET Intelligence Group: India’s hotel sector is on the verge of a turnaround as business and leisure travel gather momentum. The average occupancy rate, considering several key destinations, has surpassed the pre-pandemic level. According to various estimates by brokerages and research firms tracking the hospitality sector, the average occupancy rate touched 66% at the end of the June 2022 quarter. The occupancy was at 66.1% in 2019. Factors

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