Indian Hospitality Q1 Results Preview
Indian Hospitality sector is gearing up for the first quarter results, with ‘Buy’ recommendations for Lemon Tree and ‘Reduce’ suggestions for EIH, as listed by Yes Securities among others. Yes Securities continues to hold a positive outlook on the Indian Hospitality industry and remains optimistic about the sustainable upcycle in the industry.
Industry Performance
During the first quarter, there has been a steady momentum in the growth of average room rates. April witnessed a significant growth with 11-13% increase in Average Room Rate (ARR) year-on-year (YoY) and a 4-6% rise in occupancy. This resulted in a remarkable 20-22% growth in Revenue Per Available Room (RevPAR) across the industry.
In contrast, May saw a slight decline in occupancy YoY, attributed to seasonal softening and geopolitical tensions affecting travel demand. Despite the temporary setback, the industry has shown resilience and is expected to bounce back in the upcoming months.
Conclusion
With positive trends in the Indian Hospitality sector, investors and industry enthusiasts are hopeful for a fruitful quarter ahead. Stay tuned for more updates on the Indian Hospitality Q1 results.
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