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:

Mphasis - 2QFY22 Result Update - Growth Resiliency Continues; Raise Target Price - Reliance Research

Maintain ADD on Havells India - Outperformance continues; miss on margin - HDFC Securities

Indraprastha Gas - Company Update - EV vs CNG; TCO Economics Favour CNG - Reliance Research

FinTech Playbook - Discount Brokers - 'Nudging' the long tail of standalone brokers - HDFC Securities

Tata Communication - Revenue growth remains muted - YES Securities

Havells India Ltd - Q2FY22 Result Update - YES Securities

ICICI Lombard General Insurance - Q2FY22 Result Update - YES Securities

Syngene International Ltd - Lack of near term triggers - YES Securities

Mphasis - Q2FY22 First Cut - YES Securities

IndiaMART InterMESH - Q2FY22 First Cut - YES Securities

Sterlite Technologies - Q2FY22 First Cut - YES Securities

Can Fin Homes - Q2FY22 First Cut - YES Securities

Havells India - 2QFY22 Result Update - Strong Revenue Growth; Higher Commodity Prices Impact Earnings - Reliance Research

TVS Motor - 2QFY22 Result Update - Healthy Exports Coupled with New Launches to Aid Higher Margins - Reliance Research

Maintain SELL on Jubilant FoodWorks - No big fireworks unlike in other discretionary names - HDFC Securities

Sonata Software - Strong execution - HDFC Securities

Navin Fluorine International - Muted performance - HDFC Securities

Maintain ADD on Heidelberg Cement - Cost pass-through efforts to protect margin - HDFC Securities

Maintain BUY on Mastek - Minor misses, recovery underway - HDFC Securities

Oil and Gas - Q2FY22 Results Preview Report - HDFC Securities

Building Materials - Q2FY22 Results Preview Report - Strong recovery! - HDFC Securities

Jubilant Foodworks - Soft SSSG in the quarter but record store openings points to strong outlook ahead - YES Securities

L&T Technology Services - Overall, performance was ahead of expectations - YES Securities

Just Dial Ltd - Both revenue and EBITDA below expectation. PAT boosted by higher other income - YES Securities

Syngene International Ltd - Lower gross margin lead to EBIDTA miss - YES Securities

GMR Infrastructure - Airports to drive value; initiate with a HOLD - ICICI Securities

ICICI Prudential Life Insurance - Business mix more balanced than ever; volume vs margin pose near-term quandary - ICICI Securities

HeidelbergCement India - Margins impacted by cost escalations - ICICI Securities

Navin Fluorine International - Revenue growth still some time away - ICICI Securities

Havells India - Strong volume led revenue growth - ICICI Securities

Q3CY21 Result Update - ACC Ltd - ICICI Direct

Q2FY22 Result Update - 5paisa Capital - ICICI Direct

Q2FY22 Result Update - Hindustan Unilever - ICICI Direct

Tata Communications - Q2FY22 First Cut - ICICI Direct

Q3CY21 Result Update - Nestle India - ICICI Direct

HeidelbergCement India - 2QFY22 Result Update - Steady Volume and Better Realizations Aid Performance - Reliance Research

Maintain BUY on UltraTech Cement - Strong demand moderates impact of cost inflation - HDFC Securities

ACC - 2QFY22 Result Update - Performance Beat Despite Elevated Input Costs - Reliance Securities

Maintain ADD on L&T Infotech - Riding the wave - HDFC Securities

Maintain REDUCE on Hindustan Unilever - Miss in volume, no respite on margin front - HDFC Securities

Maintain REDUCE on Nestle India - Revenue momentum sustains; miss in margin - HDFC Securities

L&T Technology Services - ER&D leadership shines through - HDFC Securities

Maintain BUY on ACC - Mixed performance - HDFC Securities

Power Plus - Demand remains strong but coal stock is critical - HDFC Securities

At 11-year high, BSE Realty Index still lower than 2008 peak

Leveraged financials - 2QFY22E Results Preview Report - HDFC Securities

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


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

disclaimer copyright © 2005 - 2020