Companies are now strategically concentrating on expanding the retail and mid-corporate segment, where there is more pricing power. This would help to improve margin, given the upcycle phase in the industry
Hotel companies reported an encouraging performance amid rising room rates and occupancies. With a favorable supply demand situation we stay positive on the growth story for the sector
We have high conviction on Indian Hotels and it remains our top pick. From the midcap space, we like Royal Orchid.
Current average room rate (ARR) is at Rs 3,600 and the company is looking to increase the same, Amit Jaiswal, CFO of Royal Orchid told CNBC-TV18.
The average revenue per room has risen by 5 percent year-on-year in the second quarter of current fiscal. Jaiswal is confident that the ARR will keep climbing up every quarter.
CK Baljee, Chairman of Royal Orchids, in an interview with CNBC-TV18’s Sonia Shenoy and Ekta Batra, gave his perspective of the fourth quarter performance and their divulged future plans.
In an interview with CNBC-TV18, Keshav Baljee, President, Royal Orchid, spoke about the results and his outlook for the company.