Chalet Hotels

The Positive Outlook reflects a consistent recovery in CHL's business operations since 2QFY22, with 1QFY23 revenue and EBITDA exceeding the pre-COVID-19 levels.

Lower costs, improving occupancies as well as room rents augur well

According to technical analyst from HDFC Securities, Chalet Hotels is trying to find support at 50 days EMA, whereas, UTI AMC has formed a bullish 'hammer' candlestick pattern on the chart.

The company had posted a consolidated net loss of Rs 5.98 crore in the same quarter of the preceding fiscal

Analysts anticipate a faster recovery in the demand environment and are hopeful that consumption will reach normalised pre-Covid levels in H1FY23

Pent-up demand in MICE segment as firms start hosting physical events again, and easing of curbs on international travel will also help in getting closer to pre-Covid revenue levels, says industry

Easing of travel related restrictions, coupled with pent-up vacation demand, seems to the driving force behind a sharp surge in hotel shares

'We've had a rough five quarters now since March of 2020,' says company's CEO Sanjay Sethi.

Recovery still far away; blended average occupancy up 28-30% in current quarter from 18-25% in three months to September

On account of being highly leveraged, 15 per cent of the total 160,000 rooms are at a risk of being shuttered forever according to hotel industry estimates

Even as the hotel association welcomed the move, it said the notification is silent on restaurants and will help if there is further clarity

All that happened in the markets today

The latest members of the BS1000 club have bet on capital expenditure, acquisitions and partnerships for growth

Hotel stocks are under pressure because the coronavirus outbreak could impact occupancies and, thus, drive down room tariffs

Last week, Chalet Hotels had entered into a Franchise Agreement and other related agreements with Hyatt India Consultancy and its affiliates for the brand 'Hyatt Regency'

Chalet Hotels had made its debut on the stock exchanges earlier this year. The initial public offering (IPO) of the company was subscribed 1.57 times

Strong occupancy rates and muted increase in new rooms to keep the demand-supply scenario favourable for the next 5 years; top listed players to benefit more

However, according to industry estimates, there is a shortage of close to 100,000 rooms across different categories

Deal will be the first acquisition by the K Raheja Group company

Chalet is also developing two office towers in Mumbai and Bengaluru