IHCL expands footprint in Sikkim with opening of Taj Guras Kutir Resort & Spa in Gangtok
Indian Hotels Company (IHCL) has opened the Taj Guras Kutir Resort & Spa in Gangtok, Sikkim, as part of its expansion plans in the region. The 69-key resort, situated on 14 acres, showcases Sikkimese aesthetics and contemporary design. Each room features a unique Thangka, a local Buddhism-inspired painting.
SAMHI Hotels, Zaggle Prepaid buck the recent trend of strong IPO debuts. Should you sell?
"Zaggle has a major dependency on third parties and has faced negative cash flow and a decline in its profitability in recent years. The IPO valuation was also high. Investors should exit their positions, but those who want to hold for some gain should maintain a stop loss at 148," said Shivani Nyati, Head of Wealth, Swastika Investmart.
Hemang Jani on stocks to go for in pharma and what's driving Indiabulls now
“There is going to be a capital infusion of about Rs 20,000 to 22,000 crore in Indiabulls. And that would be at a significant premium and will be book value accretive. Post that, once there is a clean management and a substantial capital, they have a very decent book size.”
Can 33% margin become the new normal for Indian Hotels? Puneet Chhatwal answers
"Demand is outpacing supply in the hospitality sector and this trend will continue, leading to higher occupancy levels and increased average rates. The next two quarters will be positive for the sector, with good tailwinds from events like the G20 and Cricket World Cup, as well as the normalization of inbound tourism."
Q3 most important for hotel industry; average rates may keep increasing: Puneet Chhatwal, Indian Hotels
“The majority of the pipeline of hotels that are expected to open are not in the top 10 key metros, as per a report done by Harvard Consulting. More than 50% of the pipeline is in tier two, tier three cities, that means new destinations. If rates improve, the flow through improves, and if the flow through improves, obviously the profitability and cash flows improve.”
JM Financial initiates coverage on hotel sector with a positive outlook
Rising demand, fueled by domestic interest, revived inbound tourism, and upcoming major events like the G-20 summit and the ICC Cricket World Cup, is contributing to this trend. Additionally, the room supply is expected to align with demand, benefiting existing industry players.
How to value ITC Hotel business? Vishal Gada explains
Actually it does not matter what is the share entitlement ratio and let me explain you why. See, this is a demerger where all the shareholders of ITC will have direct and indirect 100% economic ownership in the new ITC Hotels business. So what the company is doing is that they are demerging the ITC Hotels into a separate wholly owned subsidiary.
You can now apply for your UK visa at a hotel near you
UK visa applicants in Bengaluru, Mangalore, and Visakhapatnam can now apply for their visas at the nearest Taj Hotel. The facility has already begun at the Vivanta Bengaluru in Whitefield, Vivanta Mangalore on Old Port Road, and The Gateway Hotel in Visakhapatnam.
Will Fitch cut in the US ratings impact Indian market? Hemang Jani answers
The Indian earnings season is going well with about 33 Nifty companies delivering decent numbers. Despite the downgrade of the US rating by Fitch Ratings from AAA to AA+, there is no need to be too concerned as the broader trend for the Indian market is positive. The hospitality industry is looking particularly good with strong traction in occupancy and pricing.
Utilities a good growth story rather than just value play: Sailesh Raj Bhan
So, it is a cyclical change which can last for 5-10 years in terms of growth rates in utilities or power utilities.And as you know, the size of these markets is very-very large. We are looking at billions and billions of dollars of investment happening and there are only a few real good quality balance sheets in India who can actually deliver this.
How temple tourism competes head on with beach tourism
A boom in spiritual tourism is gathering strength in India. The Union tourism ministry data shows over 60% of tourism in India is in the religious and spiritual tourism category. Ministry data also suggests that economies surrounding places of worship in India raked in close to Rs 1.3 lakh crore in 2022, up from Rs 65,070 crore in 2021.
All initiatives will add to Indian Hotels top line, margins & benefit as demand outpaces supply: Puneet Chhatwal
“We opened five hotels. Another 15 are supposed to open in the next three quarters. And we opened 13 last year too. All these initiatives slowly will keep adding to both the top line, margin expansion and also benefit in times like this where demand outpaces supply in terms of the operating leverage of the owned assets.”
Won’t buy ITC at this point; Laurus Lab a volume game: Chakri Lokapriya
ITC's hotel business has a stronger balance sheet compared to Indian Hotels, making a divestment of ITC's balance stake more valuable according to Chakri Lokapriya, CIO & MD, TCG AMC. While ITC will continue to hold a 40% stake, the new hotel business will have a cleaner balance sheet and royalties-like arrangements with other brands. Despite being at a multi-quarter low, Laurus Labs' management is confident about maintaining its FY24 guidance.
Indian Hotels Q1 Results: Net profit rises 31% to Rs 222 crore, revenue up 17%
The outlook for the upcoming quarters remains strong with pace of demand driven by domestic consumption momentum, global events, and revival of international arrivals, said Puneet Chhatwal, Managing Director & CEO, IHCL.
Elon Musk dreams of a Swiss army knife of apps. Is he taking a stab in the dark?
Elon Musk's rebranding of Twitter to its product name, "X", may have caused the company to lose anywhere between $4 billion and $20 billion in value, according to brand experts and analysts. Musk's ambitious goal to turn Twitter into an "everything app" or super app has caused concern due to the firm's history of controversies and poor record of data privacy.
Double-digit return likely from Indian Hotels for next 2-3 years; avoid IT, OMCs: Sandip Sabharwal
“IT is so over owned and the psychology of investors also is that they want to buy IT stocks at all times. I am not buying IT companies. There is a risk that there could be some turnaround and the stocks could start suddenly performing very fast but we live with that risk when we do active investing.”
Why Sanjiv Bhasin is bullish on these 2 beaten-down stocks
Sanjiv Bhasin of IIFL Securities explains why IEX, which is going through a lot of regulatory headwinds and GMR Infrastructure are in his recommended list. Also, he says on a valuation basis one can put some more extra weight on Hindalco. It has a very good risk reward at this price.
Ten best bets for next 3-4 weeks as bulls go slow on scaling new highs
The index is likely to consolidate in the monthly F&O expiry week, and if the index takes support and rebounds, then 18,700-18,900 could be the resistance area, whereas 18,500-18,450 could be the next crucial support in case of correction in coming sessions
Not a concern anymore! Jefferies raises ITC target price on hotels business valuation shift
ITC is considering a new structure for its hospitality business due to concerns over high capital expenditure and weak returns. The hotel business contributes less than 5% of ITC's revenues but accounted for over 20% of its capital expenditure in the past. However, the segment has recently shown signs of improvement, with the hotels business recording strong revenue growth and returning to profitability. ITC has been focusing on an asset-light strategy, with over half of its room inventory now through management contracts. Jefferies has raised ITC's target price to Rs 530 due to improving profitability in the hotel business.
We own ITC, but not for the FMCG business; not chasing consumer discretionaries either: Dinshaw Irani
“We are more or less comfortable with the way we have built our portfolio. Obviously, there will be these spicy stocks which may add some flavour to the portfolio going forward. I do not think we are very concerned about the hotel space. That has got a long way to go. But in stocks like Vedant Fashion, Westlife and Titan, the valuations are a bit of a stretch."