IHCL Margin Shrinks In Q4 | Giridhar Sanjeevi of IHCL To ET NOW
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Back with social distancing, safety norms and more safe practices. We are seeing queries for small weddings across cities in India. Our key season begins from October, therefore will see recovery then. RevPAR will stabilise over time, occupancies too will stabilise. Our rates have not dropped across the board at present. Dominance in key metros will help co maintain micro-market leadership. During lockdown had a few properties open, used for quarantine, doctors and other medical staff. We saw a lack of complete clarity from State governments, hope for more coordination. Will open significant hotels over the next 3 months as unlock continues. We have been pursuing the asset-light strategy, will continue to adopt cost optimisation. Looking at a more cluster approach in managing properties says Giridhar Sanjeevi, IHCL Listen in! Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ► https://goo.gl/SEjvK3 Subscribe Now To Our Network Channels:- Times Now : http://goo.gl/U9ibPb The NewsHour Debate : http://goo.gl/LfNgFF To Stay Updated Download the Times Now App :- Android Google Play : https://goo.gl/zJhWjC Apple App Store : https://goo.gl/d7QBQZ Social Media Links :- Twitter - http://goo.gl/hA0vDt Facebook - http://goo.gl/5Lr4mC G+ - http://goo.gl/hYxrmj Website - www.etnownews.com
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