Kotak Remains Positive About Hotel Stocks, Raises Target Price Of Ihcl, Chalet, Lemon Tree, Samhi Hotels; Here's Why : 296

Favourable demand-supply dynamics and increasing average room rates (ARR) in India's hospitality industry have led Kotak Institutional Equities to revise upward the sector's FY25E EBITDA. The brokerage firm raised fair values of Indian Hotels Company, Chalet Hotels, Lemon Tree, and Samhi Hotels.