Hotels Sector Q3 Results Preview - Stellar, Priced-In, FY25 Key: Dolat Capital

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Dolat Capital Report.Hospitality industry is expected to report another robust quarter with industry revenue per available room growth of ~17-18% driven by average room rate. Historically, listed players have done well versus industry due to their superior brand positioning, pricing power, S&M engine and execution skill-set. However, as the smaller / unorganised / unlisted players’ catch-up we expect the listed company’s performance to be at par with industry average. These is partly on account of higher base. Overall revenue growth to be 14-15% on account of marginally lower growth rate in food and beverage / other operating income similar to past few quarters trend. We estimate Indian Hotels Company Ltd./Lemon Tree Hotels Ltd.)/Chalet Hotels Ltd. /Mahindra Holidays and Resorts India Ltd. to report revenue growth of ~14.9/14.6/24.3/8.2%. YoY. Ebitda is expected to grow by 17.1/8.9/34.4/(0.6)% YoY. Chalet’s Hotel business revenue/Ebitda growth would be robust ~24.4/38% YoY.For Lemon Tree, Ebitda to trail revenue growth on account of higher repairs and maintenance costs for ~900-1000 rooms (~20% of the portfolio) which is under renovation. For Mahindra Holidays, Ebitda to trail revenue growth on account of higher sales and marketing spend and rent costs on new rooms additions..Click on the attachment to read the full report:.AlcoBev Q3 Results Preview - Base Supports YoY Growth, QoQ Weak: Dolat Capital.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Hotels Sector Q3 Results Preview - Stellar, Priced-In, FY25 Key: Dolat Capital

Sustenance of RevPAR growth in FY25 is key for the current valuations and optimism to sustain.

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Hotels Sector Q3 Results Preview - Stellar, Priced-In, FY25 Key: Dolat Capital

Sustenance of RevPAR growth in FY25 is key for the current valuations and optimism to sustain.

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