NEW DELHI, March 5 -- The hotel industry has been recovering from the pain of the hit to demand caused by the pandemic, but is not out of the woods yet. The pace of recovery hasn't enthused investors either.
Stocks of hotel companies are languishing far below their pre-covid highs seen in early 2020.
Shares of Chalet Hotels Ltd, Lemon Tree Hotels Ltd, EIH Ltd, and The Indian Hotels Co. Ltd are 19-54% lower than their pre-covid highs.
In the December quarter, these four companies witnessed sequential improvement in their financial performance. On a consolidated basis, Chalet and Lemon Tree reported positive earnings before interest, tax, depreciation and amortization (Ebitda) at '10.4 crore and '20 crore, respectively. In the September qu...