Lemon Tree Hotels - Market leader in mid-priced hotel sector

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.