Occupancy Decline1 · Source: HVS Research 4 Data as on 11th May 2020 Company names have been...
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Domestic tourism – the unsung hero in the tourism sector’s quest for self-reliance? Branded supply set to increase in post-COVID era Convergence of Ideas – Hospitality in the COVID Era MAY 11 MAY 18 MAY 25 Hotel Sector Key Stats (Top 13 Markets in India) M-o-M (%) Y-o-Y (%) Apr 2020 -27.7 -27.0 ₹4,113 ADR -62.0 -81.8 11.7% Occupancy -72.5 -86.7 ₹482 RevPAR By Properties By Keys Share Price Movement 4 Company 52-week High (₹) 164.1 200.0 395.0 76.5 252.4 IHCL EIH Chalet Hotels Lemon Tree Hotels Mahindra Holidays & Resorts 52-week Low (₹) 64.7 55.7 124.0 16.0 122.0 Branded Hotels 3 Openings & Signings in Q1 2020 ©2020 HVS ANAROCK Hotel Advisory Services Pvt. Ltd. All rights reserved. Recent Publications t: +91 124 488 55 80 What We Offer CONSULTING & VALUATION TRANSACTION ADVISORY ASSET MANAGEMENT EXECUTIVE SEARCH Akash Datta Sr. VP (South Asia) [email protected] +91 98995 17404 Ajay Mehtani Sr. VP (South Asia) [email protected] +91 98110 54921 Mandeep S. Lamba President (South Asia) [email protected] +91 98113 06161 HVS Monday Musings (Weekly Stories & Trends) To know more, connect with us Disclaimer: All information contained herein is from sources deemed reliable. HVS ANAROCK makes no statement, representation, warranty or guarantee as to the accuracy, reliability or timeliness of the information provided. STR republication or other re-use of this data without the express written permission of STR is strictly prohibited. Source: BSE Key Highlights OPENINGS SIGNINGS 38 3,749 10 840 Source: HVS Research 4 Data as on 11 th May 2020 Company names have been abbreviated Previous Close (₹) 66.0 63.8 131.7 16.7 148.3 1 2 Occupancies across hotels in key cities witnessed a sharp decline, as travel restrictions intensified and India continued the lockdown. To understand the pulse of the industry amidst these unprecedented times, we conducted an anonymous online survey with Hotel General Managers (GMs) in the last week of April 2020. Most GMs expect demand to pick up by Q4 2020. Over 42% of the GMs believe that Occupancy would be close to or higher than 50%, while 46% of the GMs believe that occupancy will remain below 40%. Even with such a drastic fall in occupancy, it is comforting to see that over 71% of the GMs will not discount their rates by more than 20%. 3 Data reported by Hotel Operators as of 26 th April 2020 for the quarter ending 31 st March 2020 Market Cap (₹ Cr) 7,730.2 3,578.0 2,625.3 1,303.3 1,960.6 Expected Occupancy by Q4 2020 2 2 Source: HVS General Manager’s Sentiment Survey April 2020 data Occupancy Decline 1 India & Other Key Asian Markets Thailand India Malaysia China Singapore 1 Occupancy % change April 2020 vs April 2019 -90.0% -81.8% -71.6% -48.7% -29.2% Source: STR & HVS Research - - - Expected Discount in ADR 2 Below 35% 35% to 40% 40% to 45% 45% to 50% Above 50% Occupancy ADR 0% to 10% 10% to 20% 20% to 30% Above 30% 22.5% 19% 27.5% 11% 20% 26% 39% 32% 3%
Transcript of Occupancy Decline1 · Source: HVS Research 4 Data as on 11th May 2020 Company names have been...
Domestic tourism – the unsung hero in the tourismsector’s quest for self-reliance?
Branded supply set to increase in post-COVID era
Convergence of Ideas – Hospitality in theCOVID Era
MAY
11
MAY
18
MAY
25
Hotel SectorKey Stats (Top 13 Markets in India)
M-o-M(%)
Y-o-Y(%)
Apr2020
-27.7 -27.0₹4,113ADR
-62.0 -81.811.7%Occupancy
-72.5 -86.7₹482RevPAR
By PropertiesBy Keys
Share Price Movement4
Company52-weekHigh (₹)
164.1
200.0
395.0
76.5
252.4
IHCL
EIH
Chalet Hotels
Lemon Tree Hotels
Mahindra Holidays& Resorts
52-weekLow (₹)
64.7
55.7
124.0
16.0
122.0
Branded Hotels3
Openings & Signings in Q1 2020
©2020 HVS ANAROCK Hotel Advisory Services Pvt. Ltd. All rights reserved.
Recent Publications
t: +91 124 488 55 80
What We Offer CONSULTING &VALUATION
TRANSACTIONADVISORY
ASSETMANAGEMENT
EXECUTIVESEARCH
Akash DattaSr. VP (South Asia)[email protected]
+91 98995 17404
Ajay MehtaniSr. VP (South Asia)[email protected]
+91 98110 54921
Mandeep S. LambaPresident (South Asia)[email protected]
+91 98113 06161
HVS Monday Musings(Weekly Stories & Trends)
To know more,connect with us
Disclaimer: All information contained herein is from sources deemed reliable. HVS ANAROCK makes no statement, representation, warranty or guarantee as to the accuracy, reliability or timeliness of the information provided. STR republication or other re-use of this data without the express written permission of STR is strictly prohibited.
Source: BSE
Key Highlights
OPENINGS
SIGNINGS
38
3,749
10
840
Source: HVS Research 4 Data as on 11th May 2020 Company names have been abbreviated
PreviousClose (₹)
66.0
63.8
131.7
16.7
148.3
1
2
Occupancies across hotels in key cities witnessed a sharp decline, as travel restrictions intensified and India continued the lockdown.
To understand the pulse of the industry amidst these unprecedented times, we conducted an anonymous online survey with Hotel General Managers (GMs) in the last week of April 2020.
Most GMs expect demand to pick up by Q4 2020. Over 42% of the GMs believe that Occupancy would be close to or higher than 50%, while 46% of the GMs believe that occupancy will remain below 40%.Even with such a drastic fall in occupancy, it is comforting to see that over 71% of the GMs will not discount their rates by more than 20%.
3 Data reported by Hotel Operators as of 26th April 2020 for the quarter ending 31st March 2020
MarketCap (₹ Cr)
7,730.2
3,578.0
2,625.3
1,303.3
1,960.6
Expected Occupancyby Q4 20202
2 Source: HVS General Manager’s Sentiment SurveyApril 2020 data
Occupancy Decline1
India & Other Key Asian Markets
Thailand
India
Malaysia
China
Singapore
1 Occupancy % change April 2020 vs April 2019
-90.0%
-81.8%
-71.6%
-48.7%
-29.2%
Source: STR & HVS Research
--
-
Expected Discountin ADR2
Below 35%35% to 40%40% to 45%
45% to 50%Above 50%
Occupancy ADR
0% to 10%10% to 20%
20% to 30%Above 30%
22.5%19%
27.5%
11%
20%
26%
39%
32%
3%
