Led by the luxury hospitality major EIH, listed hotel stocks have been L major out-performers over the past year, and the trend has continued over the past month. Compared to the S&P BSE Sensex/National Stock Exchange Nifty, which has delivered flat performance over the past month, the average returns for the top four listed entities were 4 per cent.
EIH has performed much better than peers as well as the benchmarks, with a return of 36 per cent over the past month and over 70 per cent over three months.
The recent trigger for hotel stocks has been the strong performance in the 2023-24 (FY24) October-December quarter (Q3) and the expectation that the trend will continue going forward.
The hotel industry maintained its healthy performance in Q3FY24, mainly aided by an increase in the average room rate (ARR) and an improvement in occupancy, highlights Motilal Oswal Research.
Leading the pack on the ARR front was ₹₹₹₹₹₹₹₹₹₹₹₹₹₹ EIH, which reported a 19 per cent growth, followed by Indian Hotels Company with a growth of 17 per cent. The company has indicated that revenue per available room (RevPAR) has remained strong for the past three months and expects an improvement in ARR going forward.
この記事は Business Standard の February 19, 2024 版に掲載されています。
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この記事は Business Standard の February 19, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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