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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.
Bu hikaye Business Standard dergisinin July 23, 2024 baskısından alınmıştır.
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