Kamat Hotels have been one of the star performers in 2018. To know what has kept the company in the spotlight, CNBC-TV18 spoke to Vishal Kamat, CEO, Kamat Hotels (India).
From the side-lines of the Phillipcapital Conference on hospitality, aviation and travel, Vishal Kamat, CEO of Kamat Hotels spoke about the latest happenings in his company and sector.
In an interview with CNBC-TV18, Vishal Kamat, Director of Kamat Hotels spoke about the latest happenings in his company and discussed FY18 business outlook.
Kurian Chandy, CFO, Kamat Hotels, says that the hotel plans to undertake corporate debt restructuring (CDR) programme to lower it debts. The hotel chain is finding it difficult to service its debt due to rise in interest rates and dipping occupancy level.
In an interview with CNBC-TV18, Kurian Chandy, chief financial officer of Kamat Hotels India says, all the hotels are doing exceedingly well compared to year-on-year basis.
In an interview with CNBC-TV18, Vikram Kamat, ED, Kamat Hotels says, the company is looking to consolidate its position for the next six months. “We are not looking at raising any rates,” he adds. He further says, the company is expecting atleast 60% growth in its top-line in FY12.
Vithal V Kamat, executive chairman and the managing director of Kamat Hotels India said the hospitality industry in India is growing at a fast pace and witnessing strong demand.