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.
KRChoksey is bullish on Royal Orchid Hotels (ROHL) and has recommended buy rating on the stock with a target of Rs 78 in its June 8, 2011 research report.