Highlights - H1 FY20 saw revenue and margin pressure for most hotel companies - Low tourist arrivals dented demand - GST rate cut positive for companies - Occupancy and average room rate to improve in Q3 FY20 - Demand-supply dynamics remains favourable The performance of the hotel companies remained mixed in the first half of the year. Most major companies reported pressure on revenues and margins. Weakness in corporate demand coupled with lower tourist arrivals, the closing down of Jet Airways’ operations and higher expenses hit earnings growth. The first half is...
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