Moneycontrol
Last Updated : Jan 09, 2018 10:35 AM IST | Source: CNBC-TV18

Higher ARR & occupancy will have better impact on margins & net profit: Royal Orchid

Hotel industry is doing very well and in the last quarter we saw 75 percent occupancy overall, said Amit Jaiswal, CFO of Royal Orchid in an interview to CNBC-TV18.

CNBC TV18 @moneycontrolcom

Hotel stocks have been buzzing of late and Royal Orchid Hotels is one of the big winners with a 175 percent gain in the last one year.

Hotel industry is doing very well and in the last quarter we saw 75 percent occupancy in the industry, said Amit Jaiswal, CFO of Royal Orchid in an interview to CNBC-TV18.

He further said that occupancy and average room rate (ARR) together have grown 15 percent in Q3.

Higher ARR and occupancy will have a better impact on margins and net profit, he added.

According to him, hotel stocks are also gaining due to Lemon Tree's initial public offering (IPO).

Watch accompanying video for more details.
First Published on Jan 9, 2018 10:26 am

tags #Business

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