Versuchen GOLD - Frei
Indian Hotels lacks valuation comfort despite strong outlook
Business Standard
|July 23, 2024
Tata Group-backed Indian Hotels Company Limited (IHCL), one of the country's largest hotel brands, reported a flat June quarter (Q1FY25) performance, weighed down by multiple headwinds on the revenue front.
Consolidated revenue growth at 5.7 per cent year-on-year (Y-oY) was lower than in previous quarters and was impacted by general elections, heat wave, and fewer wedding days. On a sequential basis, growth fell about 31 per cent.
In the June quarter, while average room rates (ARR) were up 2 per cent Y-o-Y, revenue per available room (RevPAR) performance too was muted with an increase of 4 per cent.
Growth rates Y-o-Y for the two parameters were the lowest in at least 10 quarters. Occupancies increased by 130 basis points to 76 per cent in the quarter.
Diese Geschichte stammt aus der July 23, 2024-Ausgabe von Business Standard.
Abonnieren Sie Magzter GOLD, um auf Tausende kuratierter Premium-Geschichten und über 9.000 Zeitschriften und Zeitungen zuzugreifen.
Sie sind bereits Abonnent? Anmelden
WEITERE GESCHICHTEN VON Business Standard
Business Standard
The army’s battle within
Women may be marching perfectly in parades but they are still denied the opportunity to serve in combat roles in the Indian Army
6 mins
December 16, 2025
Business Standard
DGCA probe panel on flight disruptions visits IndiGo HQ
The four-member panel, set up by Director General of Civil Aviation Faiz Ahmed Kidwai to investigate largescale operational disruptions at domestic carrier IndiGo earlier this month, visited the airline's headquarters on Monday as part of the ongoing probe, sources said.
1 min
December 16, 2025
Business Standard
Market sees fewer wild swings in H2CY25
Indian equity markets have moved from turbulence to relative calm this year.
2 mins
December 16, 2025
Business Standard
₹ hits new low for 3rd straight session
The rupee hit a new low for a third consecutive trading session on Monday, touching an intraday low of 90.80 per dollar, as uncertainty surrounding the India-US trade deal continued to weigh on the domestic currency, dealers said.
1 min
December 16, 2025
Business Standard
Proposed nuclear energy Bill caps operator's liability at ₹3,000 cr
The government on Monday introduced in Parliament a Bill that seeks to finally open up the Indian civil nuclear energy sector to private sector players, except in uranium mining, after amending specific provisions dealing with thorny issues like the supplier's liability and compensation in case of a nuclear accident.
2 mins
December 16, 2025
Business Standard
Film director Rob Reiner, wife found dead; son arrested
Actor who went on to direct classic films
2 mins
December 16, 2025
Business Standard
States may shoulder 40% of rural job plan funding
Slowing MGNREGA demand
5 mins
December 16, 2025
Business Standard
Exports grow fastest in nearly 3.5 years
Shipments to US, China rose sharply in Nov; gold imports shrank
1 mins
December 16, 2025
Business Standard
ICICI Pru AMC IPO booked 2x on Day 2 of bidding
ICICI Prudential AMC's mega initial public offering (IPO) was subscribed around two times on second day of bidding.
1 min
December 16, 2025
Business Standard
India-US framework trade deal soon: Commerce secy
India and the United States (US) are hoping to finalise a framework trade agreement “soon”, Commerce Secretary Rajesh Agrawal said on Monday.
3 mins
December 16, 2025
Listen
Translate
Change font size