Samhi Hotels - Turnaround with Tailwinds

Stock Opportunities
21

Thanx for sharing your views… Here is my views on the Unit Economics of SHAMI hotels.

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TAILWIND

^ IHCL Commentary Q3Fy24 - Hotel room demand growing at 8-10% far exceeds supply at 5-6% CAGR.
^ As per ICRA Mar 2024 - In FY2024, the RevPAR is expected to be at an 8-12% discount to the FY2008 peak. ICRA expects hotel industry to report a 7-9% revenue growth. And as per various research report SAMHI rev growth will be close to 20%.
^ As per Jeffries report Mar 2024- “Foreign tourist arrivals have yet to catch up, while Indian Nationals’ Departures are back to pre-COVID levels.” which is a tailwind for SAMHI hotel being internationally recognized brands. With Occupancy CY23 broadly matches CY19 levels.

Occupancy at close to 70% in Fy2024 which can further go to 80-85%.

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22

In my opinion demand will improve post elections as the new govt may introduce some policies to bring up the travel industry. (?). even aviation sector is facing some challenges. Domestic travel has to go up so that these hotels will see better results.

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23

Can anybody please tell when the 962 keys in agreement with Asiya Capital and 600 keys addition in existing cities will become operational?

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