AA Hospitality Awards 2022: Rabbit Hotel and Retreat in Templepatrick awarded as Northern Ireland hotel of the year

With a room inventory of 20,581 rooms, Indian Hotels occupies a diversified position in the hotel industry through brands such as Taj, Vivanta, SeleQtions and Ginger brands. The company also has a select presence in the luxury segment in the US, UK, Africa, Sri Lanka, the UAE and Maldives through owned/managed properties. "Along with improved outlook, the company is focusing on driving more efficiencies through cost optimisation. We remain positive on the company and reiterate our BUY rating with a target price of Rs 365 (i.e.26x FY24E EV/EBITDA)," said ICICI Direct Research.

Promoted by Patanjali Keswani, Lemon Tree is the largest hotel chain in the mid-priced segment in India. It operates 8,489 rooms in 87 hotels across 54 destinations in India and abroad under brands like Aurika (premium), Lemon Tree Premier, Lemon Tree (midscale), RedFox (economy) and Keys. "The company’s large asset base, strategic partnership and financial flexibility would continue to support its liquidity profile if further need arises. We retain BUY rating on this stock with an SOTP-based target price of Rs 110 per share i.e. at 28x FY24E EV/EBITDA," said ICICI Direct Research.

EIH is the flagship company of the Oberoi group that manages 33 hotels (11-owned and 22 under management contract) with room inventory of 4,512 rooms. EIH also provides catering/kitchen services to airlines, operates restaurants, lounges at airports and is also into air charter and car hire services. "The recent venture into premium café business is expected to lead to potential value unlocking of F&B segment in the long run. Given strategic premium room portfolio, we remain positive on the stock with a revised target price of Rs 240 per share (i.e. at 28.5x FY24E EV/EBITDA)," said ICICI Direct Research.

Easy Trip Planners is the fastest growing company in the online travel portal in India. The company offers a comprehensive range of travel-related products and services for end-to-end travel solutions, including airline tickets, hotels and holiday packages. "We like the company for its user-friendly platform, unique travel offerings and low-cost business model. Considering the strong growth potential of this technology platform in travel, we maintain our BUY recommendation with a target price of Rs 505 per share, valuing at 46x FY24E EPS," said ICICI Direct Research.