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Hotels: No respite from external events

Aug 19, 2009

Equitymaster presents the recent happenings in the hotel sector where external events continue to mar performance.

Hotel industry: Slowdown or correction?

Jul 2, 2008

The slowdown in the global economy, rising crude prices and higher airfares has affected the hotel sector to a certain extent. Due to rising costs, companies are facing pressure on their earnings. Plus, cost cutting measures have led to lower business tourist arrivals in recent times.

Hotels: Yet another strong year…

Jan 10, 2008

The hospitality industry witnessed another year of strong performance in 2007 and in this article, we shall examine the factors that contributed to this growth and some of the challenges that this sector faces.

Hotel sector: Where to?

Oct 5, 2007

With the macro prospects still strong, increased business-tourist travel continues to propel hotel room demand. Business traffic in major metros has grown in line with increased economic activity. Foreign tourist arrivals for the months of July 07 and August 07 grew by 15% YoY. 3.12 m foreign tourists arrived from Jan 07 to Aug 07.

Hotels: Looking beyond metros

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.

Hotel industry: More than just hospitality...

Jun 27, 2007

India occupies the forty-sixth position among the sixty tourist destinations in the world. The flourishing economy helped boost the demand for the industry. Globalization and liberalization gave it a new impetus. India is the fastest growing tourist economy, where tourism grew at a whopping 18% CAGR over the last four years.

Hotels: Where to from here?

Jun 13, 2007

The hospitality industry of the country is at a high growth pace. The demand is exceeding the industry's supply. With tourism industry showing excellent performance, in terms of foreign tourists arrival, hospitality industry, is poised to grow at a faster rate.

Hotels: 4QFY06 and beyond

Apr 24, 2006

With the March quarter results around the corner, in this article, we highlight factors that investors should watch out for in the case of hotel companies and how are they likely to pan out going forward. While hotel stocks are in the limelight for the right reasons i.e. India gaining significant global attention, there are questions raised about the valuations.

Indian hotel sector: SWOT analysis

Apr 12, 2006

According to recent estimates of the World Travel & Tourism Council (as of early 2005), Indian tourism demand will grow at 8.8% over the next ten years, which would place the country as the second most rapidly growing tourism market in the world. With the Indian hotel industry capturing the attention of the world, let us understand its strengths, weaknesses, opportunities and threats.

Tourism: 'Incredible' growth potential!

Apr 10, 2006

Tourism is one of the biggest industries in the world, employing more than 200 m people and accounting for almost 10% of the world’s GDP. Events of September 11 coupled with global recession had resulted in an overall slowdown in travel and tourism demand in 2001-02. This was also aggravated especially in South Asia by the occurrence of SARS. From the middle of 2003, however, the travel industry witnessed improving trends. Now, the World Travel and Tourism Council (WTTC) estimates a 4.5 % per an

Hotels: Good start, dicey finish…

Jan 3, 2005

At the start of the year, in our hotel sector review, we concluded by saying "the worst is probably over for the Indian tourism sector". While the sector was turning around at that time, in the last twelve months, the process has just accelerated with most of the hotel majors posting impressive numbers. And this is consequently reflected in the fact that a portfolio of Rs 10,000 each invested on Dece

Taj GVK: Spreading wings

Dec 21, 2004

Taj GVK, an associate of the Indian Hotels Company (Taj chain of hotels), reported impressive numbers for the quarter and half year ended September 2004. For 1HFY05, while the topline growth was 36.5% YoY backed by robust occupancy and average room rates (ARRs), net profit grew at a much faster pace of 89% YoY. The company's announcement of acquiring a new property in Chennai yesterday holds it in good stead to capitalise on the long-term growth opportunity in the tourism sector.

Hotels: It's party time!

Dec 10, 2004

The last one and half years have been memorable for the Indian tourism sector. After the September 11 jerk and the consequent fallout in terms of lower international tourist arrivals into the country, there has been a marked turnaround in industry fortunes. We take a closer look at the broader industry trend and what lies ahead for hotel stocks.

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.

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.


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