Indian hospitality industry to bounce back in Q2, Motilal Oswal says
** Indian hospitality industry is positioned for strong 2QFY25, following a relatively soft Q1, fuelled by increasing average room rate and improved occupancy, Motilal Oswal analysts say
** Sector to bounce back driven by pent-up demand, improved convention centre bookings, stronger wedding season and favourable demand-supply dynamics - MO
** Says, key hospitality players will witness revenue per available room growth of ~9-11% YoY in Q2
** Majority of players are accelerating their execution plans and rapidly expanding their inventories, to benefit from anticipated upcycle within industry - brokerage
** Reiterates 'Buy' rating on Indian Hotels Co IHTL.NS at TP of 715 rupees; maintains 'Buy' on Lemon Tree Hotels LEMO.NS at TP 170 rupees - MO
** Shares of ITC ITC.NS, IHTL, and Chalet Hotels CHAL.NS, up 1.5%, 0.3%, and 2.7%, respectively; LEMO down 1.8%
Reporting by Aleef Jahan in Bengaluru
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