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"The bulk of our guests are businessmen who will choose to stay near their place of work/ meetings.”

Mar 9, 2002

In an interview with Equitymaster, Mr. Jamwal highlighted some of the concerns dogging the Indian tourism industry. He goes on to speak of the expansion plans at Indian Hotels, both at home and abroad.

Tourism: India vs Asia

Dec 29, 2001

Ever wondered why India attracts meager 2.5 m arrivals in a year in contrast to Thailand, which gets 9.5 m tourists per year with an average growth of an estimated 10% per annum. This compared to our laggard tourist arrival growth of just 3%-4% per annum that too in a good year looks appalling. India’s growth in tourism has been very slow over the past few years as compared to the rest of Asia, as no concerted efforts have been made to improve infrastructure and no real marketing effort has come

Indian Hotels: Shaping its destiny

Dec 14, 2001

Among key casualties in the aftermath of the terrorist attacks was the hospitality industry. Business and leisure travel came to a stand still in the days following the attack. Indian Hotels Company Ltd. (IHCL), on the bourses, has charted a handsome comeback after the intial doomsday fears lapsed.

Indian Hotels: Analyst meet insight

Aug 2, 2001

Indian Hotels Co. Ltd (IHCL) reported its 1QFY02 results recently. The company’s sales grew by 12.5% YoY during this period to Rs 1.6 bn, and operating profits grew by 15.6% YoY. However, overall profits fell due to higher interest, depreciation costs as well as extraordinary items for deferred taxes as well as amortisation of its voluntary retirement scheme (VRS) costs.

Indian Hotels: Bucks industry trend

Jul 27, 2001

The Indian Hotels Company Ltd (IHCL), India's largest hotel chain has reported a 31% YoY decline in its 1QFY02 net profit to Rs 121 m, which was driven down mainly by higher provisions and amortisation expenses. However, the company’s sales during this period grew by 12.5% YoY and its operating profit was up by 15.7% YoY.

EIH: Margins slide

Jul 25, 2001

EIH Ltd, India's second largest hotel chain has reported a 34% YoY decline in its 1QFY02 net profit to Rs 110.2 m. This was driven by lower occupancy rates as a result of lacklustre business travel at its hotels in metro cities during this quarter. The company's turnover as a result fell by 5.8% YoY to Rs 1,004 m in 1QFY02.

Indian Hotels: Management perception

Jun 8, 2001

At the recently held analyst meet of Indian Hotels Company Ltd (IHCL), the management seems quite optimistic on its renovation program and future growth plans. However, in the current financial year they have cautioned that 1HFY02, is likely to be only marginally better as compared to the previous year due to an overall slowdown in demand and higher competition especially in North Mumbai.

Indian Hotels net profit up 6%

Jun 4, 2001

India's premier hotel chain, The Indian Hotels Company, has only managed a 6% growth in its FY01 bottomline. This was despite a 16% growth in turnover during this period. A 39% decline in other income component was largely responsible for its shrinking profitability.

Hotels: Neutral impact of FDI

May 10, 2001

The government has increased the foreign direct investment (FDI) limit for the hotel and tourism industry to 100% from the earlier 51%. In the past few years the FDI in this sector has been minimal due to lack of adequate infrastructure available across the country.

Hotel Leelaventure: Lower interest costs drive net

May 3, 2001

Hotel Leelaventure, which owns and operates two hotels in Mumbai and Goa has reported a net profit of Rs 163 m for FY01, a growth of 87% YoY. However for 4QFY01, the company reported a net profit of Rs 76 m which is a decline of 7.9% YoY.

EIH: Steady performance

Apr 20, 2001

EIH, India's second largest hotel chain's share price has been quite steady over the past few months. This despite the market tanking during this period. Earlier investors were worried that EIH's share price run up was more due to buying by ITC's investment companies who were keen to increase their stake in this profitable hotel company, with a view to takeover.

Indian Hotels: Targetting business hotels

Apr 14, 2001

The Indian Hotels Company Ltd (IHCL), India's largest hotel chain continues to see business hotels as its thrust area. Currently over 80% of its revenues still comes from its top five luxury hotels. However, as luxury hotels suffer more during the recession, due to their higher tariffs, the future growth for the sector lies in the business hotel segment.

Striving to be a world class hotel chain

Feb 24, 2001

When Mr. R.K. Krishna Kumar took over as the Managing Director of Indian Hotels Company Ltd (IHCL) four years ago, little was going well for this number one Indian hotel chain. The company was looking for direction as its occupancy and average room rates (ARRs) plunged and its foreign properties failed to deliver. At that point Mr. Krishna Kumar had confidently stated that IHCL will become a world class hotel chain.

Indian Hotels: Set to sell off idle assets

Feb 20, 2001

Indian Hotels Company Ltd (IHCL), India's largest hotel chain continues to reap the benefits of seeds it sowed many years ago. The company's foresight of increasing its presence in metro cities as well as leisure destinations is paying off now.

Indian Hotels: A star performance

Feb 7, 2001

The shareholders of Indian Hotels Company Ltd (IHCL) are sure to have a smile on their face. The last couple of trading sessions has seen IHCL's share price jump by 20%. The better operating results for 3QFY01 as well as the fact that the government's keenness to push disinvestments is likely to see the ITDC disinvestment going through. This will benefit IHCL who has a 10% stake in ITDC.

Asian Hotels operating profits up 22%

Jan 31, 2001

Asian Hotels, a single hotel company based in Delhi, has reported a net profit of Rs 97 m for the 3QFY01 a decline of 3% YoY. The company's sales grew by 7.2% during this period as a result of better occupancy and average room rates.

Indian Hotels analyst meet update

Jan 30, 2001

Indian Hotels Company Ltd (IHCL) held an analyst meet yesterday shortly after the results. The analyst meet dealt primarily with the company's results and its ongoing renovations and future planned projects.

Indian Hotels: Idle assets sale drives 3QFY01 net

Jan 29, 2001

Indian Hotels Company Ltd (IHCL), India's largest hotel chain has reported a 21% growth in its net profit for 3QFY01 to Rs 402 m as compared to Rs 333 m for 3QFY00. This was driven by a 10% increase in operating profits and a large jump in other income for the quarter.

EIH: 3QFY01 operating profits up 125%

Jan 25, 2001

EIH, India's second largest hotel chain has reported a net profit of Rs 277 m for the 3QFY01, a growth of 80% YoY. This quarter marks the beginning of the peak season for the hotel industry. The company's operating profit margins have gone up from 13.8% in the 3QFY00 to 26.4% in the 3QFY01, an increase of 1,255 basis points.

Margins key to EIH's 3QFY01 net

Jan 25, 2001

EIH, India's second largest hotel chain will be reporting its 3QFY01 results today. We expect EIH to declare a robust growth of 35%-40% YoY in its net profit. The main drivers to this are likely to be higher occupancy rates in its metro city hotels.

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