hotel sector

[ad_1] The hotel sector is expected to remain strong in Q4 and Q1, according to a recent research report by domestic brokerage Emkay Global Financial Services. This is based on the brokerage’s channel checks, which indicate that average room rates (ARR) have improved year over year (YoY) due to demand from meetings, incentives, conferences, and exhibitions (MICE) events. “In India, MICE events are quite popular. In only six major locations,…

[ad_1] In a recent note, analysts at Jefferies said that they expect the hotel industry will conclude FY24 on a high note, with continued momentum in Revenue per Available Room (RevPAR) expected to extend into FY25. As per the brokerage, the key drivers propelling this growth include supportive macroeconomic conditions, with hotel demand surpassing supply growth. Additionally, the industry’s focus on pricing strategies, premiumization, and the enduring appeal of…