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.
Denne historien er fra June 05, 2023-utgaven av Mint Mumbai.
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Denne historien er fra June 05, 2023-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.
Allerede abonnent? Logg på
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Amazon India relocating HQ
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Hero MotoCorp's ride may be easy
Accelerating growth
Investors lose nearly ₹50 tn in 7 weeks
Broader markets also fell, with Nifty Midcap 150 down 10.7% and Nifty Smallcap 250 falling 10.1% as of Thursday
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Bertie realised that the real problem wasn't over-borrowing, but it was over-lending
High valuations won't stop investors from buying Indian equities
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Edtech cos eye skilling in nursing, healthcare
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