While analyzing the hotel stocks, it’s important to see where do we stand in the current cycle, while, no one can predict it accurately but an idea from the last cycle, which started around 2004 and lasted till 2008, can help in understanding. In my views occupancies for the hotel stocks have peaked and Revpar (occupancy*ARR) has only one leg (ARR) to take it forward from here, we have seen same in hotel stocks valuations also, where valuations seems to be peaked and now only the earnings growth will take it forward…
I made a detailed video on the current cycle and compared it with last cycle with the help of few industry reports of that time and annual reports of Indian hotels and EIH hotels. Video is pinned in my X account, watch and share your feedback.
X-@amitsinghpal
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