Hotel companies, which have experienced substantial share price gains in the past six months, are not only expected to post robust revenue growth in the seasonally weak July-September quarter (second quarter, or Q2) of 2023-24 (FY24), with the trend continuing in the second half (H2) of FY24, but according to some analysts, they will also benefit from a structural uptrend in progress.
To begin with, larger players in the listed hotel sector are expected to report strong growth in Q2 compared to the year-ago quarter.
Led by higher demand from the business segment, the sector is expected to achieve a growth rate of 15-30 per cent.