Interesting comments on the Resorts and Holidays space by MHIL MD Kalvinder Singh as of this morning on CNBC. Al though the capacity utilisation for the resorts are down in Q2 (80%) over Q1(89%) by around 9%. Strong Member sales in Q2. We need to look out as to what Sterling is going to perform as this is the most critical vertical of the four which holds up the investment thesis for the moment.
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