‘Sit Back And Enjoy The View’, Says HSBC As It Turns Bullish On ITC Hotels, Chalet, Lemon Tree And Other Hotel Stocks
India’s hospitality sector is firmly in the midst of a structural upcycle, with strong and broad-based demand colliding with supply constraints, according to a recent report by HSBC Global Investment Research. The brokerage argues that the current cycle is fundamentally stronger than previous ones, underpinned by rising room rates, record occupancy levels and a sustained…