Key Points
The average revenue per available room (RevPAR) at the sector level is likely to grow by 15-20% according to analyst estimates in the second half of FY24..
The sector had clocked 14% growth in the RevPAR in the first half of the current fiscal year...
According to the data shared by the Directorate General of Civil Aviation (DGCA), the average number of passengers travelled by air in the first half of FY24 grew by 20% Year-on-year..
As regards hotels, Indian Hotels, Lemon Tree Hotels and Chalet Hotels, which have managed their costs well in recent quarters, are placed well to make the most of the improvement in demand for rooms...
In the September 2023 quarter, revenues of these three hotels grew in the range of 15-27% year-on-year while net profit rose by 35-131%...
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