Wedding season, World Cup likely to fuel demand for hotels; Lemon Tree, Indian Hotels top bets: Siddhartha Khemka
ARR should continue to inch higher, thereby boosting RevPAR. We anticipate robust growth to remain intact across hotels in FY24, aided by: 1) an increase in ARR across hotels on improved occupancy, 2) operating leverage, and 3) favourable demand-supply scenario.
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