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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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.
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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