Indian Hotels cash flows positive for first time; H2 will be better: Puneet Chhatwal
“The sum of all that we are doing is beginning to reflect in the EBITDA margins that are coming up on the consolidated level. We have hotels in London and Cape Town and San Francisco and New York and there it is very difficult to drive such high margins as one is able to do in the Indian subcontinent. We are very pleased with the new businesses as they are high margin businesses.”