That is a good question. What is the ‘Right to Win’ for praveg against others? Although, this question may be valid for Other Hotel companies as well but in this case, the capex requirement is much less.
But I don’t believe that anyone can just come and copy paste the idea. Anything involving real estate is not an easy business in India given the opaque laws and complexities involved.
But at the same time, there is no clear cut advantage for Praveg that I know of except that they are kind of first movers in this space. Also, the space looks large enough for multiple players and will only help in growing this space at a faster pace.
All in all, I think the small size of the company (approx. 1000 crore) helps at this point, but this question will become more relevant once the size grows. But I believe we will have better answers by then.!
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