ICRA’s sample set is expected to post 18-20% revenue growth and surpass pre-pandemic revenues in FY2023
ICRA
Posted inBusiness
ICRA expects the industry’s revenues and margins to return to pre-Covid levels in FY2023
Premium hotel inventory addition is expected to lag demand and grow at a CAGR of 3.5-4% over the next five years
Posted inBusiness
Omicron dampens sentiments for hotel industry: ICRA
Prolonged lockdowns will impact Q4 FY2022 operating metrics: ICRA
Posted inBusiness
74% of hospitality sector faces negative credit profile: ICRA
The second wave has derailed the industry’s recovery by almost three quarters
