Royal orchid has 4600 rooms. They are quoting average revenue per room to be 5900 Rs and Occupancy level above 70%. If we multiply 70% of 4600*5900 the average revenue per day should be around 1.9 crores per day. Considering that a qurter has 90 days, the quarterly revenue shiuld be 170 crores. Why it is 72 crores.
My guess is that a large part of the business is based on lease model where they are not the owners. So are they adding only the fees income they are earning on lease properties? Any body can through some light?
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