BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
With the improvement in macro indicators in terms of business as well as recovery rate of Covid-19 pandemic, the hospitality sector also witnessed a gradual revival in demand during Q3 FY21.
Occupancy levels also crossed 40% during Q3 FY21, primarily driven by leisure ‘revenge travel’ during weekends and the festive season, weddings along with food and beverage demand.
However, the pace of recovery started losing stream since February 2021 onwards with rising incidence of Covid-19 cases and state induced localised restrictions.
This led to a fall in demand for leisure destinations which in Q3 FY21 remained a key driver for revenues for hotel space.
Click on the attachment to read the full report:
ICICI Direct Hotel Q4FY21 Result Preview.pdf
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Most Related Links :
verity news now Governmental News Finance News