Hospitality companies’ operating profit margins are expected to be stable year-on-year through FY24 and FY25, with robust revenue growth likely to offset rising refurbishment, maintenance and employee expenses, according to a report by credit rating agency Icra Ltd.
Icra anticipates a slowdown with revenues growing 7-9% in FY25, on a high base of 14-16% growth in FY24. According to the report, the industry is set for a robust FY25, buoyed by strong domestic tourism and high demand for MICE (meetings, incentives, conferences and exhibitions),as well as controlled supply pipeline.
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Denne historien er fra February 21, 2024-utgaven av Mint Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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