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Hospitality industry`s stocks shine after Crisil Ratings says Hospitality industry likely to clock 11-13% revenue growth in FY25
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Hospitality industry trades higher after Crisil Ratings in its latest report has said that the hospitality industry is expected to clock 11-13 per cent revenue growth in 2024-25 on steady domestic demand and a rise in foreign travellers. This revenue growth will follow a likely 15-17 per cent growth in the current financial year, backed by steady domestic demand and ramp-up in foreign travellers. The strong demand dynamics along with modest new supply will keep the operating performance of the industry healthy over the near term.
Oriental Hotels is currently trading at Rs. 129.35, up by 3.35 points or 2.66% from its previous closing of Rs. 126.00 on the BSE. The scrip opened at Rs. 127.15 and has touched a high and low of Rs. 136.25 and Rs. 125.00 respectively. So far 190947 shares were traded on the counter.
Lemon Tree Hotels is currently trading at Rs. 139.20, up by 2.40 points or 1.75% from its previous closing of Rs. 136.80 on the BSE. The scrip opened at Rs. 137.00 and has touched a high and low of Rs. 142.25 and Rs. 136.10 respectively. So far 357900 shares were traded on the counter.
The Indian Hotels Company is currently trading at Rs. 544.75, up by 2.15 points or 0.40% from its previous closing of Rs. 542.60 on the BSE. The scrip opened at Rs. 544.80 and has touched a high and low of Rs. 551.25 and Rs. 543.35 respectively. So far 110768 shares were traded on the counter.
