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Hotels & Tourism Sector Check


BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

FY23 began on a strong note for the hotel sector in terms of growth and margin expansion. With the full re-opening, corporate demand and meetings, incentives, conferences and exhibitions segment also joined the growth bandwagon in Q1 FY23 while leisure continued to perform well.

This, in turn, helped hotel players to raise room tariffs without disturbing demand. In Q1 FY23, average room rates were reported to be even higher by 20-25% versus preCovid levels. This led to sharp revenue growth of over 24% versus pre-Covid levels.

Hence, the change in strategy from occupancy led growth during pre-Covid era to average room rate led growth was clearly visible in the current quarter.

Click on the attachment to read the full report:

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This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.

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