Lemon Tree Hotels –CNBC Interview with MD–10th Oct22 :
Q1 & Q2 are somewhat similar , they a/c for generally 40/45% of total income
–Q3/Q4 –normally its 10/15% price hike and 10/15% Occupancy hike –so if you add the two it will be 1.2/1.4times the H1 income with the expenses remaining the same. hence most profits come in H2.
–Q2 additions –we opened 4 hotels , we have 1/2 inquiries every-day to take over the mgmt of hotels.
–We will cross net additions of more than 1000+ rooms this year and we will cross in total 11000 rooms by the end of next year.
–In 4 yrs we will cross 21k/22k rooms.
–Big one in Mumbai ( Aureka) –it will do around 300/350Cr revenue & it will have a net operating profit of 175Crs probably 200Cr, it will do north of 12k average room rent. Mumbai is like NYC , every-year there is steady growth in Demand.
–Business hotels –85% of our inventory is business hotels , those traditionally do badly during diwali/dushera –so oct’22 will be low demand for business hotels but in Nov’22 it changes completely, in Nov you will do 1.5/2 times your oct revenues. But the average H2 will be 25/35% hike in revenues.
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