GAGA Share Market News

[hfe_template id='11223'] [ad_1] The Indian hospitality industry is poised for a significant recovery in 2QFY25, following a subdued 1QFY25 that was hampered by transient factors like general elections, intense heat waves, and fewer auspicious wedding days. According to data from HVS Anarock, the industry’s RevPAR (Revenue per Available Room) remained flat YoY in 1QFY25. This was due to a modest 2% YoY increase in ARR (Average Room Rates), which was negated by a 170 basis points drop in occupancy. The decline in occupancy was further influenced by reduced air traffic growth—domestic air passengers grew only 4% YoY to 40.3 million—and diminished MICE (Meetings, Incentives, Conferences, and Exhibitions) activities. Despite these challenges, the industry is set for robust growth in the coming quarters. RevPAR is expected to increase by 9-11% YoY in 2QFY25, driven by a 7-9% YoY rise in ARR. Several factors underpin this positive outlook. Firstly, there is considerable pent-u...