A few observations on a quick look at the company
- The average revenue per Occupied room per night is constantly increasing–only a few listed companies could charge this level to their customers.
- Occupancy is at a historic high. Practically going up from this level will be a challenge.
- EBITDA margin in FY 23 is bit high if I compare to with historic numbers. This is the case with all the players in the industry.
- When I compare it with Sinclairs Hotel relative valuation looks bit attractive
Few questions
- I did not see any expansion from the company - any management plan to expand the number of keys they have?
- What do you think the future growth will come from?
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