Highlights- Above estimate performance in seasonally weak quarter- Higher occupancy drives revenue growth- Room rates decline- Revival signs for domestic segment- Strong pipeline a big positiveIndian Hotels Company Limited's (IHCL) (CMP: Rs 155; mcap: Rs 18,433 crore) estimate beating performance for July-September came during a seasonally weak quarter.A healthy growth in RevPAR (revenue per available room) stood out, driven by higher occupancy. Its international business was impacted by one-off write-offs even as the domestic operations showed shoots of revival.Close The stock has been inching up over the past few weeks. While we are convinced about the company’s growth story, we find current prices a tad on the higher side and would recommend to enter on correction. related news Ideas for Profit | What makes this contract manufacturer worth a shot? Centre inks pact with Goa Shipyard for two missile frigates Key HighlightsRevenue for the … [Read more...] about IHCL Q2 hits a home run in these challenging times
Australias most waterfront hotel
Indian equity market looks fragile at this juncture as global and domestic headwinds have eroded investors' risk appetite.At first glance, it appears that the trend of 'sell-on-rise’ is dominant as every one or two sessions of gain in the market is succeeded by a fresh wave of selling.While the worries over the US-China trade war remain, deteriorating domestic microeconomic health, plunging auto sales—a major indicator of the country's economic health—and the budget proposal of tax surcharge on super-rich have shaken India's position as an attractive market.Close "Markets mostly have been a one-way street since the presentation of Union Budget on July 5 when the government proposed to increase tax on foreign portfolio investors (FPIs) up to 42 percent," said Standard Chartered (India). related news 'India's long-term outlook is good; invest in these 5 stocks for double-digit returns' In Focus with Udayan Mukherjee | Can the stock market rally despite … [Read more...] about These 9 mid & smallcap stocks look attractive in a fragile market; do you own any?
Leonardo da Vinci had one. So did Pixar cofounder Ed Catmull. Dorothy Parker was famous for hers. advertisement advertisement Each of them belonged to a creative community that collaborated on projects and challenged the status quo. And if the idea of a creative collective was valuable in Leonardo’s day, it’s essential in modern times, as technological shifts and changes in the workplace (think of the gig economy with its tribes of nomadic freelancers) have made us more independent and isolated. Younger baby boomers change jobs at least 11 times, according to the Bureau of Labor Statistics. And Americans will spend three hours per day or more staring at their smartphones this year. It is no wonder, then, that creative communities are flourishing in an era of malaise and disconnect. The Wing, a coworking and community space primarily for women, has expanded to 11 locations in just three years. Social clubs, like Soho House and San Francisco’s Saint … [Read more...] about I started a creative community. Here’s why you need one too
Indian Hotels Company Limited reported an above estimate performance in a seasonally weak quarter. Revenue per available room (RevPAR) grew due to higher occupancy. Its international business was impacted by one-off write-offs even as the domestic operations showed shoots of revival.Moneycontrol’s Sakshi Batra does a 3-Point Analysis of the earnings fine print and outlook on the company IHCL.Watch the video for more.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app. … [Read more...] about 3-Point Analysis | IHCL Q2 review
If what happens in Vegas stays in Vegas, the same is doubly true for Nevada’s other gambling destination, Reno, where the once-booming casino industry has been in decline for years (and there may not be anyone to witness your debauchery, anyway). With tourists instead flocking to Las Vegas or California’s Indian casinos, the northwest Nevada town has most recently tried to reinvent itself, not as the ultimate destination for slots, partying, and quick divorces, but as a bowling mecca. Its casinos, meanwhile–those that are still around, that is–are struggling. Photographer Joe Johnson captures the eerie ghost town-like quality of the city’s gambling industry in his latest series, “The Playing Field.” Casinos, designed to be disorienting, insular places that trap you in a haze of neon lights, buzzing sounds, and the tantalizing potential to win big, look haunted by the phantoms of Reno’s heyday. “I am most interested in the seams of … [Read more...] about Reno Is Officially The Most Depressing Place On Earth