Whalesbook
Pichle saal Q1 mein yeh figure sirf $117 Million tha, ab dekho 58% jump maar ke $185 Million ho gaya! Aur yeh trend rukne wala nahi hai, 2025 mein bhi $567 Million ka investment dekhne mila tha. Hotel market toh bhai, $31 Billion se $55 Billion tak ja sakta hai. FY2026 mein revenue 9-12% grow hone ka estimate hai, mainly domestic travel aur corporate demand ke chalte. Room rates bhi ₹8,200-₹8,500 ke beech rehne ka chance hai.
Ab baat karte hain Lemon Tree Hotels ki. Yeh log Warburg Pincus ke saath milkar ek mast plan pe kaam kar rahe hain. Warburg Pincus 107 Million dollar lagane wala hai Fleur Hotels (jo Lemon Tree ka hi subsidiary hai) mein 41% stake ke liye. Is deal se Lemon Tree Hotels ek asset-light, debt-free management company ban jayegi, aur Fleur Hotels ek alag company banegi jo hotel ownership aur development dekhegi. Group ka almost sara debt Fleur mein shift hoga. This whole process 12 se 15 mahine le sakta hai, aur uske baad Fleur Hotels alag se list bhi ho sakti hai.
Is investment boom ke peeche kaafi reasons hain - domestic leisure travel mast chal raha hai, business travel bhi wapas aa gaya hai, aur MICE sector bhi. Aur mazey ki baat ye hai ki Tier II aur III cities mein bhi kafi growth ho rahi hai, jo almost 40% transaction volume le rahe hain. Companies bhi ab 'asset-light' model apnati ja rahi hain, jisme management contracts 84% sign-ups ho gaye hain. Bhai competition toh hai hi - IHCL, Oberoi Group, Marriott, ITC Hotels sab apna spread badha rahe hain. IHCL ka toh target hai 2030 tak 700 hotels ka. Analysts ka IHCL par 'Strong Buy' call hai, target ₹836.40. Aur Lemon Tree Hotels pe bhi 'Strong Buy' consensus hai, target ₹168, matlab 51% tak ka upside ho sakta hai!
Par bhai, har story mein twist hota hai. Zyaada hotel supply ho gayi aur demand kam pad gayi toh dikkat ho sakti hai. Aur valuations bhi thoda dekhne layak hain. Lemon Tree ka P/E ratio 31.5x se 40.9x ke beech chal raha hai, market cap ₹8,600-₹8,800 crore ke aas-paas hai. Stock pichle ek mahine mein 4.98% gir bhi gaya tha, ab ₹111.23 ke aas-paas hai. Toh kya sara future growth already priced in hai? Yeh sawal hai.
But overall outlook is positive. Investment aata rahega, aur Tier II/III cities ka role aur important hoga. Analysts abhi bhi leading hotel stocks mein achha upside dekh rahe hain.