Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
Research

| More

Q2FY22 Result Preview - Hotels & Tourism - ICICI Direct

Posted On: 2021-10-12 21:17:40 (Time Zone: IST)


Q1FY21 saw a temporary moderation in demand due to the second Covid-19 wave during April-June. Hotel demand, especially in the leisure segment, again started witnessing strong traction with most hotel companies reporting business volumes similar to Q1FY22 in July 2021 itself with the subsiding of Covid cases amid strong vaccination drive. As per industry data, revenue per occupied room (RevPAR) in some leisure destinations has already crossed pre-pandemic levels reflecting the encouraging trend in demand. Corporate segment, which has remained a laggard so far due to work from home culture till Q1FY22, has also been seeing some traction during Q2. Daily passenger air traffic movement has also increased to 58% of pre-Covid levels during Q2 vs. 38% reported in Q1FY22. Overall, we expect Q2FY22E to witness a strong rebound in demand with a pick-up in activities and benefit of lower base effect. Going forward, we expect the tourism demand to reach to pre-pandemic levels sooner than the estimated earlier as the government has allowed airlines to operate with 85% capacity vs. 70% earlier. Also, doors are now open for foreign tourists from November 2021 onwards to visit India that would drive revenues of premium segment hotel rooms. Now for Q2FY22E, we expect premium segment hotel players to report QoQ average revenue growth of ~97% while mid-scale players like Lemon Tree would report revenue growth of 131% QoQ. On a YoY basis, revenues for I-direct universe are expected to improve sharply over 156% YoY.

For details, click on the link below: Link to the report


Click here to send ur comments or to feedback@equitybulls.com

Disclaimer:The article above is a gist / extract of the original report prepared by the research firm / brokerage firm. This article is not to be considered as an offer to sell or a solicitation to buy any securities. This article is meant for general information only. www.equitybulls.com, its employees or owners or the research firms, its employees or owners won't be responsible for any liability that may arise from information, errors or omissions in these articles. www.equitybulls.com or its employees or owners / the research firms or its employees or clients or owners may from time to time hold positions in securities referred in this article. For detailed research reports, please contact the concerned research firm directly.





Other Headlines:

UltraTech Cement - Revenue Inline, inflated cost dragged EBITDA - YES Securities

Craftsman Automation - Q2FY22 First Cut - YES Securities

Ultratech Cement - 2QFY22 Result Update - Elevated Costs Pressure Led To Earnings Miss - Reliance Securities

L&T Infotech - Q2FY22 Result highlights - YES Securities

UltraTech Cement - Margins to sustain despite cost escalations - ICICI Securities

Hatsun Agro Products - Strong results; stretched valuations - ICICI Securities

Larsen & Toubro Infotech - Consistently consistent! - ICICI Securities

Company Update - GTPL Hathway - ICICI Direct

Chemicals - Q2FY22 Results Preview Report - HDFC Securities

Consumer Durables - Q2FY22 Results Preview Report - HDFC Securities

HCL Technologies - Q2FY22 Result Update - YES Securities

Avenue Supermarts - Q2FY22 Result Update - YES Securities

Wipro - Q2FY22 Result Update - YES Securities

Mindtree - Q2FY22 Result Update - YES Securities

HDFC Bank - Q2FY22 Result Update - YES Securities

Avenue Supermarts - Recovery tracking well - ICICI Securities

Mahindra CIE Automotive - Strong performance amid supply chain issues - ICICI Securities

PNB Housing Finance - Preferential issue called off; overhang resurfaces - ICICI Securities

Q2FY22 Result Preview - Real Estate & Infrastructure - ICICI Direct

Q2FY22 Result Preview - Healthcare - ICICI Direct

Q2FY22 Result Preview - Chemicals - ICICI Direct

Gladiator Stocks - Vardhman Special Steel - ICICI Direct

Q2FY22 Result Update - HDFC Bank - ICICI Direct

Q2FY22 Result Update - Wipro Ltd - ICICI Direct

Q2FY22 Result Update - HCL Technologies - ICICI Direct

Q3CY21 Company Update - Mahindra CIE - ICICI Direct

Q2FY22 Result Update - MindTree Ltd - ICICI Direct

Q2FY22 Result Preview - Oil & Gas - ICICI Direct

Q2FY22 Result Update - Infosys - ICICI Direct

Consumer Durables - Fans - a compounding story but underrated - HDFC Securities

Cement - Strong demand; rising costs to hit margin - HDFC Securities

Maintain BUY on HCL Technologies - Deal wins to boost growth - HDFC Securities

Maintain BUY on Cyient - Improving growth vectors - HDFC Securities

Maintain BUY on Infosys - Growth engine revving up - HDFC Securities

Maintain ADD on Wipro - Continued growth momentum - HDFC Securities

Maintain ADD on Mindtree - Decade-high growth! - HDFC Securities

Peak in the headline wholesale inflation is behind us - WPI Sep'21 - Acuité Insights

Wipro - 2QFY22 Result Update - Continued Growth Outperformance; Raise TP to Rs760 - Reliance Research

Exchanges, Staffing and Internet - Q2FY22E Results Preview - Mixed bag; visibility improving - HDFC Securities

FMCG & Alco Bev - Q2FY22 Results Preview - Demand resilient; EBITDA to stay under pressure - HDFC Securities

Infosys - 2QFY22 Result Update - Superior Execution Deserves Multiple Rerating; Raise TP to Rs2,120 - Reliance Research

Mid-caps - Q2FY22 Results Preview - Healthy YoY Growth Across Segments - Reliance Research

Ramkrishna Forgings - 2QFY22 Result Update - Reliance Research

Expect CPI to be 5.5% for FY22 - Acuite Ratings

Industrials - Q2FY22 Results Preview - Strong execution pick-up - HDFC Securities

Real Estate - 2QFY22 Results Preview - Strong presales momentum - HDFC Securities

Sunteck Realty - All eyes on festive season - ICICI Securities

Prestige Estates Projects - Festive fervour kicks in - ICICI Securities

Company Update - Motherson Sumi Systems - ICICI Direct

Company Update - Indian Energy Exchange - ICICI Direct


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020