This time what you are seeing for the hotel sector is not cyclical, it is structural. It is basically demand-supply 101. If you look for the last several years, the demand has been growing between 8% to 12% and you can see it in airlines, office space, travel and tourism. The hotel supply is growing between 2% to 6%, not a surprise because the hotel industry in India has now evolved from being 50,000 rooms in 2008 to about 150,000 to 200,000 rooms right now.
Reliance Infrastructure seeks shareholders’ nod to raise Rs 3,000 crore via QIP
Reliance Infrastructure approved raising Rs 3,014 crore through a preferential issue to promoter group companies and other investors. The company also seeks shareholder approval for
September 19, 2024