WRONG OR EARLY TO SAY BEST OF HOTEL EARNINGS IS BEHIND?
Mint Ahmedabad|December 23, 2024
Even when it comes to taking a vacation, Bertie is a contrarian. He always opts to stay in Mumbai in December when the city offers its best weather.
MARKETS with Bertie

Yet, every Mumbaikar either seems to be headed for the hills or the beaches, causing traffic to ease up in the city but hotel rates everywhere else to go through the roof.

Bertie was glumly reading a news piece about how room rates for the New Year's night had breached the million rupees mark for some of the palace hotels and villas. His glumness did not emanate from the unaffordability but from the realization that he sold his hospitality holdings too early.

In 2022, Bertie had caught on to the post-covid revenge travel theme quite early but after two blockbuster holiday seasons and an one-time demand lift from the G20 summit and the cricket world cup, he judged that the best of the earnings for the sector were behind and that hotel rates would normalize soon.

That does not seem to have happened as room rates have continued to march on. Bertie posed this question to a former luxury hotelier who answered in one word: "Supply." Bertie waited for elaboration. "Or the lack of it," continued his friend. "Just as demand for hotels stalled in covid, so did the construction of new properties. That means properties that were supposed to be delivered now will get delayed by a year or two."

Esta historia es de la edición December 23, 2024 de Mint Ahmedabad.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

Esta historia es de la edición December 23, 2024 de Mint Ahmedabad.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

MÁS HISTORIAS DE MINT AHMEDABADVer todo
Mint Ahmedabad

PNGRB to expand LPG pipeline for safer transport, cost cutting

The Petroleum and Natural Gas Regulatory Board (PNGRB) is planning to expand India's pipeline network for safer and eco-friendly transportation of liquified petroleum gas (LPG), said Anil Kumar Jain, the chairperson of PNGRB.

time-read
1 min  |
December 24, 2024
Mint Ahmedabad

Weather woes could crush sugar production hopes

Sugarcane yields in India are declining due to last year's drought and this year's excessive rains, which could reduce the country's sugar production below consumption levels for the first time in eight years, farmers and industry officials said on Monday.

time-read
1 min  |
December 24, 2024
Mint Ahmedabad

GST on corporate sponsorships eased

Shifting the onus of remitting tax on sponsorship deals from the donor is set to enable the donor to lower its overall tax liability

time-read
2 minutos  |
December 24, 2024
Mint Ahmedabad

Sales ratio shows growing e-mobility ecosystem in '24

Govt's electric mobility push fuels EV sale compared to falling sales of fossil fuel vehicles

time-read
2 minutos  |
December 24, 2024
Mint Ahmedabad

At long last, the UK is shooting for the moon on clean energy

An ambitious plan revives hope but it will be a race against time

time-read
3 minutos  |
December 23, 2024
Mint Ahmedabad

Rupee's managed float: Should RBI shift gear?

To Mint Street's credit, India resolved a macro trilemma in its own special way. Recalibrate it for a more market-priced rupee if the expected trade gains outweigh price-stability risks

time-read
2 minutos  |
December 23, 2024
Mint Ahmedabad

Can we use today's geopolitical chaos to uplift India's economy?

Successful economies have geopolitics to thank but India may be letting its opportunity slip away

time-read
3 minutos  |
December 23, 2024
Mint Ahmedabad

What market taught investors in 2024

One of the top sectoral performers of the year 2024 has been pharma, which has maintained its post-covid momentum

time-read
2 minutos  |
December 23, 2024
Mint Ahmedabad

FREELANCERS CAN AVOID HIDDEN FEES, MAXIMIZE EARNING

Being aware of payout options and financial solutions helps freelancers with smarter choices

time-read
2 minutos  |
December 23, 2024
Mint Ahmedabad

What you must know about rental agreements, registration process

According to the Registration Act, 1908, a rental agreement for less than 12 months need not be registered

time-read
4 minutos  |
December 23, 2024