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Kotak remains positive about hotel stocks, raises target price of IHCL, Chalet, Lemon Tree, Samhi Hotels; here s why

Favourable demand-supply dynamics and increasing average room rates (ARR) in India s hospitality industry have led Kotak Institutional Equities to revise upward the sector s FY25E EBITDA. The brokerage firm raised fair values of Indian Hotels Company, Chalet Hotels, Lemon Tree, and Samhi Hotels.

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Seibu Prince Is Creating a New Membership Program and Unifying Its Brand

Seibu Prince Is Creating a New Membership Program and Unifying Its Brand
skift.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from skift.com Daily Mail and Mail on Sunday newspapers.

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Lemon Tree to branch out, open 30 new hotels this year

Patanjali Keswani, chairman and MD of Lemon Tree Hotels told ET in an interview that this year s expansion will include the opening of a Lemon Tree resort in Bhutan and the launch of 3-4 hotels and resorts in Nepal. Last year, the BSE-listed company had launched 1,375 new rooms across 14 hotels, including India s biggest hotel - the 669-room Aurika Mumbai Skycity.

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Good view for hotel operators in 2024, too?

Key indicators like stock performance of major hotel companies and upcoming events suggest a robust year ahead, albeit with a cautious outlook on pricing strategies and market risks

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Stock Market Live Updates: Sensex, Nifty trade weak, SC denies SIT probe in Adani-Hindenburg row; orders swift SEBI investigation

Stock Market Live Updates: Sensex, Nifty trade weak, SC denies SIT probe in Adani-Hindenburg row; orders swift SEBI investigation
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

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