Leaner operating costs, increase in occupancy levels and average room rate reflect the strong uptick in the stock prices of Indian Hotels Company, EIH Ltd and Lemon Tree Hotels
The demand rebound has been pretty strong with Indian Hotels seeing significant growth over the pre-COVID levels in March. Demand trends, as well as booking, look strong in the coming months. So should investors book a deal in this hospitality stock? Moneycontrol’s Karunya Rao decodes this for you
With the opening up of the economy and sequential improvement in performance, IHCL’s stock has rallied by 27 percent over the last three months
In Mumbai, they have provided over 10,000 meals daily to hospitals including Kasturba Hospital, Lokmanya Tilak Municipal Medical College and General Hospital, Nair Hospital, The King Edward Memorial Hospital, and the JJ Hospital.
Sakshi Batra analyses the coronavirus impact on the hotel sector
Moneycontrol’s Sakshi Batra does a 3-Point Analysis of the earnings fineprint and outlook on IHC.
On October 18, 2012, the IHCL board had approved making an offer to the Bermuda-based firm seeking their consent for IHCL, through its wholly-owned subsidiary, to acquire the outstanding 93.1 percent Class A Common Shares of Orient-Express Hotels Ltd.