Multiple factors –
The Hotel Industry is the strongest at the top end – 4 star, 5 star level. Royal Orchid has a large presence at the 3-star level. That’s one source of skepticism
FY 25 is gonna be a year of consolidation. That’s another
Royal Orchid / Regenta – is still not an established brand. I think, they need to put in another 2-3 yrs of good work in areas of quality control etc to make their brand – more robust
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