Kumbh Mela, Coldplay concerts to drive Indian hotels' Q4 growth, Elara Capital says

Juniper Hotels

01/01/2025 09:55

** Events such as religious festival Maha Kumbh Mela and
Coldplay concerts, scheduled to be held between Jan.-Feb. 2025,
will drive growth for Indian hotels in Q4, Elara Capital says
    ** Taj Ganges owned by Indian Hotel's  IHTL.NS  unit Benares
Hotels  BNRS.BO  to benefit from Kumbh Festival in Prayagraj;
Juniper Hotels  JUNI.NS  and others to benefit from Coldplay
concerts in Mumbai and Ahmedabad - brokerage
    ** Says hotels sector witnessed good growth in Q3, led by
high occupancy and double-digit growth in average room rate
(ARR)
    ** Brokerage's top picks include Chalet Hotels  CHAL.NS ,
JUNI, IHTL 
    ** CHAL, JUNI, IHTL, and BNRS up 3.8%, 0.6%, 0.07%, and
0.6%, respectively
    



 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))