Business

Hotels, Tourism Sector Check – Clear Sky Ahead: ICICI Direct

Today News ||

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

The past two years have been very challenging for the hotel sector due to pandemic related setbacks. While most of FY21 remained shut for tourism, gradual re-opening of the economy from H1 FY22 led to a rise of revenge tourism.

As a result, hotels across domestic leisure destinations, first witnessed a sharp rebound in bookings that was also aided by tourists who would have otherwise travelled abroad in the absence of any restrictions.

Now with full resumption of the economy along with opening-up of international borders for foreign tourists, we expect hotel business across key metro cities like Mumbai and Delhi to also improve significantly from FY23E.

Ads

As per the latest Directorate General of Civil Aviation data, domestic air traffic has now reached ~94% of pre-Covid levels based on last three month’s data despite higher air fares.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

More Economy Business News Updates of Today Check Below

Today News || Business Today || World News || Headlines Today || Health || Technology News || Education News

Source

Tags
Show More

Related Articles

Back to top button
Close