Indian Hotel - In Fine Fettle: ICICI Securities
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ICICI Securities Report
Indian Hotels Company Ltd.’s FY22 Annual Report reiterates the company’s plans to execute its 'AHVAAN 2025' strategy which essentially focuses on four key pillars including:
reaching a total of 300 plus hotels across the portfolio,
clocking a consolidated Ebitda margin of 33% by FY26E with 35% Ebitda share from management contracts and new businesses,
achieving a 50:50 ratio between owned/leased and management contract room keys and
retaining a net cash balance sheet while pursuing its growth plans.
The AHVAAN strategy is an extension of Indian Hotels’ earlier 'Aspiration 2022' strategy which focused on asset light expansion and improvement in margins.
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