The Indian hotel industry benefited from a steady rise in domestic and international travel, as pandemic restrictions were lifted, while more people began opting for the so-called 'workations' and 'staycations'.
IHCL looks poised to deliver 33 percent EBIDTA margins by 2025. At CMP, the stock is trading at EV/EBIDTA of about 20 times its FY24 estimates. Given the hotel sector upcycle, earnings estimate as well as the valuation multiples can re-rate. Here's why