Lemon Tree Hotels: Planning to add 30% inventory by FY25 (asset-light). Retail demand has picked up strongly & corporate demand is picking up as business events as well as flights are improving. Higher occupancy & better pricing would improve performance. Company has guided for EBITDA margins of 50% in FY23, compared to about 48% in H1FY23.
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Hotel - On a strong wicket - HSIE-202301271523464011426.pdf (2.2 MB)
Hotel sector Hdfc securities institutional research report enclosed
G20 ,MICE,weddings,lower expenses cost control
hotels in a upcycle as per the hdfc report enclosed
Two hotels in two states bring on board more than 100 rooms
New Delhi, June 2, 2023: Lemon Tree Hotels Limited announced the opening of
two of its latest hotels ~Lemon Tree Hotel, Agra, and Lemon Tree Hotel, Bhopal.
With these two launches, the company makes its debut in both the cities and
also adds more than 100 rooms to its inventory.
The Company has signed a License Agreement for a 48-room property in Mashobra, Shimla, Himachal Pradesh under the Company’s brand “Lemon Tree Hotel”.
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Lemon Tree has signed license agreements for two new properties in Junagadh, Gujarat, and Chitwan, Nepal under the brand Lemon Tree Hotel and Lemon Tree Resort, respectively. Lemon Tree Hotel in Junagadh is expected to be operational by FY25, and Tigerland Safari – A Lemon Tree Resort in Chitwan, Nepal is expected to be operational in FY24 itself.
I also expect Lemon Tree to do record business this holiday season due to the continuous capacity expansion it has been doing recently, out of which many hotels are already operational. This surety is coming after I personally experienced a shortage of rooms in all premium hotels across India which are early signs of how happening all tourist spots are going to be.