The company reported standalone net profit of Rs 33.75 crore for the quarter ended September 30, 2020 as compared to Rs 17.90 crore in the same period last year, register..
Focus on efficiency to yield returns in long run…
EIH Ltd reported a weak set of Q1FY21 numbers as business remained almost shut on account of lockdown. Revenu..
The hospitality segment which was brought to a grinding halt by the pandemic, is slowly witnessing an improvement in demand as hotel occupancy in the country improved 10-..
The Indian hotel industry's recovery to pre-Covid levels profits is at least three years away, ratings agency ICRA has said.
The ratings agency said that road ahea..
The company reported standalone net loss during the quarter stood at Rs 17.71 crore as compared to net loss of Rs 2.53 crore in the previous year quarter.
Net revenue ..
Passing through rough weather; maintain HOLD
Lemon Tree’s (LTH) business was severely affected by lockdown in Q1FY21. Revenues fell 71.1% YoY to | 40.7 crore (vs..
Only Hotel player likely to be EBITDA positive v/s peers
Performance significantly above estimates
* Lemon Tree Hotels’ (LEMONTRE) cost saving initiatives hav..
Hospitality chain OYO Hotels & Homes in Friday announced its plans to strengthen its footprint in Himachal Pradesh, amid coronavirus, by aiming to triple its room cou..
Further cost initiatives expected going forward
In-line operating performance
* The RevPAR performance of Indian Hotels (IHIN) at a standalone level imp..
The company reported standalone net loss during the quarter stood at Rs 12.48 crore as compared to net loss of Rs 4.33 crore in the previous year quarter. Net revenue of ..
Indian hotels are likely to turn more 'desi' in terms of product usage amid the call for 'Aatmanirbhar Bharat', as the Hotel Association of India (HAI), t..
It’s all about cash conservation
1Q performance showed Westlife’s strong execution capabilities. It managed to reduce average monthly fixed cost by 30-35%..
Rupee falls 10 paise to 73.94 against US dollar in early trade
Rate decision, US stimulus likely constraints to rupee's further appreciation
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