Indian Hotels--for long term portfolio stability

Stock Opportunities
85

Q2 FY25 concall

  1. In October, management witnessed a 16.5% growth in revenue yoy.
  2. Saw people choosing luxury hotels or high-end hotels
  3. 60% of revenue is from the Taj segment, 40 % from other, ginger is growing rapidly, with the achievement of a 100-hotel portfolio and a 56% year-on-year growth in consolidated revenue
  4. In International business, RevPAR increased by 10%, whereas the Taj segment saw 13% RevPAR growth.
  5. Aims to open 25 hotels this fiscal year, increasing to 30 in the next, and even more in subsequent years. Also, entered into a contract with Claridges Hotels to license “The Claridges” brands for India and Nepal.
  6. Taj Mahal Palace & Tower has shown a 32% increase in RevPAR and an increase of 30% with many, as management expects a lot of senior dignitaries( example president of Spain in this quarter)
1 Like
86

Excellent analysis of the shift to Managed Hotels and How it will impact top line and bottom line for key players in the industry

Kotak Daily 26-Dec-24.pdf (551.5 KB)

1 Like
87

Concall and Result Q3

  • Consolidated revenue at 2595CR EBIDTA margin is 39.4%, PAT 592CR ~22.5 PAT margin
  • Standalone revenue at 1517 CR, EBIDTA margin is 47.8%, PAT 469 ~30% PAT margin
  • Hotel Business- Revenue 2316CR 16% ,EBIDTA 947CR 23% yoy growth
  • Air Catering- Revenue 275CR-18%,EBIDTA 74CR 23% yoy Growth
  • 13% REVPAR growth
  • signed 20 hotel and opened 9 new hotel in Q3,
  • Ginger console rev up 43% YoY, near their guidance of ~50%
  • Qmin is growing with 60+ outlet and F&B brand for Ginger portfolio
  • Putting lot of efforts in workforce development and enabling them for next leg
  • confident on Q4 and positive that their growth will be double digit
  • RevPAR will grow, mgmt is confident
  • Ginger is really on second number after Taj for them, Ginger reimagined (renovated) is driving growth, and they are Qminizing their Ginger brand, Serving all meals from Qmin on their Ginger properties

First post on VP, apologies if I am wrong somewhere and misunderstood anything in result or call

Disclaimer: Although late to the party but still Invested (adding on Dips) :grinning:

88

The Sea Rock project finally gets going…

Mumbai’s iconic Sea Rock Hotel to rise again as ‘Taj Bandstand’, reshaping city’s skyline

89

Can anyone share the total hotels owned by IHCL along with the land ?

1 Like
90

You can easily find this data in investor presentation

image
image1445×753 70.8 KB

91

Thanks for the same , i just want to know the total hotels that IHCL personally owns along with the land and building that is not leased from someone or on management contracts in order to get a picture of the market value of the total land and hotel assets IHCL owns as a company.

92

This is a good primer on the Hotels industry with lots of insightful data

3 Likes