Research And Views Archives

Hospitality in dark shadow
(Sector Info)

Mar 6, 2009

India may not be an economy like Mauritius or Maldives that is heavily dependent on tourism for its growth. However, tourism and hospitality in the country do have a strong potential to contribute to future growth.

Hotels: Looking beyond metros
(Sector Info)

Jul 13, 2007

The GDP growth, expanding service sector, rising purchasing power, infrastructure development is no longer limited to the large metros. The smaller towns and cities are the new emerging centers of growth. Even the hotel majors are expanding to new regions beyond metros as these provide large opportunities.

Hotels: Beyond the metros...
(Sector Info)

Jul 11, 2006

Historically, India has been a six city market for the hospitality industry, including the four metros of Mumbai, Delhi, Kolkata and Chennai and tourist hotspots like Jaipur and Agra. However, the rise in economic activity across the country has led to an increase in demand in several other smaller cities including Ludhiana, Chandigarh, Ahmedabad, Pune, Cochin, Bangalore and Hyderabad. The expanse of tourist destinations in India is thus, now growing. On the corporate tourism side, cities like H

EIH: Caught napping again
(Company Info)

Nov 16, 2004

East India Hotels (the Oberoi Group) announced its second quarter ended September 2004 results last month. While sales growth at 19% in 2QFY05 is lower than the growth rate witnessed in 1QFY05, on a YoY basis, margins have improved noticeably. Owing to higher interest and depreciation charges, the company has slipped into losses in 2QFY05.

Hotels: Check-out 2003
(Sector Info)

Dec 24, 2003

One sector that is always almost directly affected by the global economic and geo-political situation is the hospitality industry. Domestic developments could further make or mar the fortunes of this sector. Keeping this in mind, let us consider in brief how the Indian tourism sector has performed in 2003 to date and what is in store for the sector going forward.

EIH: In search of respite
(Company Info)

Aug 12, 2003

East India Hotels (EIH), popularly known as Oberoi Hotels, recently declared its June quarter (1QFY04) results. Topline for the quarter has grown by 7% YoY, while pressure on the bottomline continues. EIH has posted a loss for the second consecutive quarter. Let us take a look at the hotel majors’ performance during the June quarter.

EIH: The year that was
(Company Info)

Jul 1, 2003

EIH, India’s second largest chain of hotels, recently declared its FY03 results. While revenues have risen marginally for FY03, profits have halved during the year (57% YoY). However, as we have mentioned in our previous report, the industry is on the verge of a turnaround and the March quarter of the company is an apparent indicator of the same.

EIH: Looking for respite
(Company Info)

Aug 29, 2002

The poor performance of hospitality companies is not alarming considering the challenging operating environment over the past 18 months. East India Hotels (EIH), popularly known as Oberoi Hotels, for 1QFY03 has reported it's fifth consecutive YoY quarterly decline in sales. Exhibiting some recovery in 4QFY02, the financials have slipped again.

EIH: FY02, closed chapter
(Company Info)

Jul 2, 2002

After charting a revival in FY01, East India Hotels Ltd. (EIH) has once again experienced erosion in sales and profits. The company has registered four consecutive quarters of decline in top and bottomline. However, in its favour, the industry experienced rough times in year ended March '02. As compared to its key Indian competitor, IHCL, the financials have proved to be more vulnerable.

EIH: Meets its September 11
(Company Info)

Jan 29, 2002

East India Hotels Ltd., more commonly known as Oberoi Hotels, has seen its business being clobbered in the quarter ended December '01. The resultant travel fears arising from the extraordinary events of September 11 and the attack on parliament largely affected inbound travel. Topline of the company, YoY, has reported a sharp slide. However, the performance is similar to industry peers.

Tourism: India vs Asia
(Special Report)

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

EIH: Margins slide
(Company Info)

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.

EIH: Gets its house in order
(Company Info)

May 30, 2001

India's second largest hotel chain, East India Hotels (EIH), has recorded 13% growth in topline for FY01. However, sales growth in 4QFY01 seems to have slowed down to single digits as compared to the double digit growth in the previous quarters.

EIH: Steady performance
(Company Info)

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.

EIH: 3QFY01 operating profits up 125%
(Company Info)

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
(Company Info)

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.

EIH Ltd: 49% jump in net in 2Q
(Company Info)

Oct 30, 2000

EIH Ltd, India's second largest hotel chain has reported a 49% YoY growth in its net profit for the 2QFY01 to Rs 100 m. This performance can be attributed to a 19% growth in sales as well as an improvement in operating margins.

EIH Ltd: Raiders beware?
(Company Info)

Oct 18, 2000

EIH Ltd, India's second largest hotel chain has seen a run up of over 50% in its stock price over the past three months. There are rumours that some companies are trying to garner up shares of EIH in a takeover bid. However, a word of caution to them. EIH may not be as attractive as it seems after the recent run up in the share price.

EIH: A likely takeover target?
(Company Info)

Oct 16, 2000

As per market rumours, EIH's share price has been gone up as certain operators through their two investment companies have been buying up shares of the company. EIH's share price has run up by 56% in the past three months. However we do not entirely agree with the above view.

EIH: A star performer
(Company Info)

Sep 2, 2000

EIH Ltd, India's second largest hotel chain has been a star performer in the last few trading sessions. In the past three months EIH's share has gone up by 102% and it has outperformed the market by a robust 101% during this period.

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