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Hotel stocks to ride the elevator to revenue growth on room rates

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. ....

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India Story Intact But Broader Markets May Move Sideways For Rest Of FY24

India Story Intact But Broader Markets May Move Sideways For Rest Of FY24
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India story intact but broader markets may move sideways for rest of FY24

External factors were largely supportive of Indian markets through CY23. This fuelled strong FPI flows after an extended period of stress. However, renewed global headwinds over the last couple of months have weighed on Indian markets which . ....

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