Quote on Outlook for QSR, Aviation, and Hospitality Sectors Says Gaurang Shah, Geojit Financial Services
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Below Quote on Outlook for QSR, Aviation, and Hospitality Sectors 09th September 2023 By Gaurang Shah, Senior Vice President at Geojit Financial Services
"We are positive about the QSR (Quick Service Restaurant) segment, optimistic about the aviation industry, and bullish on the hospitality and hotel sector. This optimism is not solely due to the G20 Summit but is also driven by several other upcoming events, not only this year but also in the coming years. We have the festive season approaching, the Cricket World Cup being organized, and the wedding season ahead.
Moreover, with the easing of restrictions following the lockdowns, we see a surge in travel, both for leisure and professional purposes. Many hotel management companies have expressed their plans for expansion after reporting their first-quarter numbers this financial year. Over the next few years, we anticipate a significant increase in the number of properties opening up for occupancy, leading to improved prospects for the hotel and hospitality industry.
Already, we are witnessing an uptick in room rates, with expectations that they may increase from the current 10-15% to around 20%. Additionally, the upcoming G20 Summit is likely to support favourable room rates and tariffs."
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