Indian hotel stocks: Hotel stocks likely to remain bullish as occupancy rates top pre-Covid levels

[ad_1] Among the listed companies, Indian Hotels and Lemon Tree Hotels are likely to report higher earnings given their strong balance sheets and cost-efficiency. essence According to various estimates by brokerages and research firms tracking the hospitality sector, the average occupancy rate reached 66% at the end of the June 2022 quarter. The occupancy in 2019 was 66.1%. Factors such as improvement in leisure travel, stagnant demand from corporate travel, and large events and conventions have contributed to the improvement in occupancy. ET Intelligence Group: India’s hotel sector is on…