Concerns:
- If management can walk the talk.( keep a check on concal n results).
- Hospitality is totally dependent on ratings. So have to monitor if their ratings are high.
- tourism industry is cyclical in nature. If tourism goes down, will heavily impact the company.
- Their event management business, its not scalable imo, they are into this as it provides good cash.
- they take land on lease, so have to make sure they get the tender on subsequent tenure.
- it is a asset light business, till now there is no competitor like Praveg, but big pockets or already established hotel brands can enter into this industry. So have to monitor that as well regularly.
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