Lemon Tree can ride high on expansion amid improved demand
Mint Mumbai|June 05, 2023
The recovery of corporate travel and an uptick in leisure travel demand over the past one year has held hotel companies, including Lemon Tree Hotels in good stead.
Lemon Tree can ride high on expansion amid improved demand

Lemon Tree has ended FY23 on a strong note with average room rate (ARR) touching a multiquarter high of 5,824 during March quarter (Q4FY23) on the back of a significant increase in revenue per available room.

ARR was up nearly 2% sequentially and 29% higher than Q4FY20 levels. Last quarter, occupancy rate was robust at 73.6%, clocking a meaningful increase from 67.6% in Q3.

هذه القصة مأخوذة من طبعة June 05, 2023 من Mint Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة June 05, 2023 من Mint Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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