31-33% 47-49% 64-66% OCT 2020 29-31% 60-62% 72-74% AUG 2020 29-31% 59-61% 71-73% SEP 2020 33-35% 49-51% 66-68% NOV 2020 Company 4 IHCL EIH Chalet Hotels Lemon Tree Hotels Mahindra Holidays & Resorts Previous Close (₹) 118.0 89.8 150.9 33.3 191.2 Market Cap (₹ Cr) 14,324.6 5,625.2 3,088.7 2,772.8 2,564.9 52-week High (₹) 151.6 158.5 395.0 65.8 244.7 52-week Low (₹) 62.1 53.6 99.0 13.8 122.0 Latest Publications HVS Monday Musings (Weekly Stories & Trends) COVID Cost Factor (CCF) – Are we willing to change the status quo in India? DEC 07 Price wars in the Indian hotels sector during the COVID era DEC 14 Granting industry & infrastructure status to the Indian hospitality sector is the need of the hour DEC 21 Indian hotels sector – 2020 in review DEC 28 Domestic air passenger traffic has improved by over 20% in November 2020 compared to October 2020, however, it is still 51% lower than November 2019. India-wide occupancy & ADR have continued to improve month-on-month, primarily driven by the steady increase in demand from domestic leisure travelers. Chandigarh recorded the highest occupancy (over 60%) followed by Goa (over 50%), during November 2020. Goa also recorded the highest ADR during the month. Meanwhile, Bengaluru and Pune continued to witness the lowest occupancy (less than 30%) in the country. Occupancy Change 1 India & Other Key Asian Markets 1 Occupancy % change November 2020 vs November 2019 Hotels Sector Key Stats (India Average) ADR Occupancy RevPAR By Properties By Keys Branded Hotels 2 Openings & Signings Nov 2020 Source: HVS Research & DGCA RevPAR Change in Key Markets Y-o-Y (%) Nov 2020 Source: HVS Research 2 Data collated by HVS from 13 Hotel Operators as of 25 th December 2020 20-40% Chennai Bengaluru Kochi Goa Kolkata Pune Mumbai Hyderabad Key Highlights Y-o-Y (%) New Delhi 1 2 ₹4,100 - ₹4,300 35% - 37% ₹1,435 - ₹1,591 NOV 2020 India 49-51% Thailand 65-67% China 8-10% Malaysia 69-71% Singapore 11-13% ADR Occupancy RevPAR ©2020 HVS ANAROCK Hotel Advisory Services Pvt. Ltd. All rights reserved. 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 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. Share Price Movement 3 Source: BSE website 3 Share movements data as on 1 st December 2020 4 Company names have been abbreviated India Hotels Outlook: Impact of COVID-19 1 India Hotels Outlook Impact of COVID-19 hvs.com anarock.com Follow us on HVS India & South Asia 3 M-o-M (%) 9-11% 17-19% 29-31% 4 Openings Signings 7 9 554 782 40-60% 60-80% 80-100% Chandigarh