Hotel & Travel Related Stocks.
Printed From: The Equity Desk
Category: Investment Ideas - Creating winning portfolios!
Forum Name: Sector talk
Forum Discription: Discussion on sectors with regard to specific matters. We will be discussing the various sectors of the economy and how they would perform. Basically a top down approach.
URL: http://www.theequitydesk.com/forum/forum_posts.asp?TID=281
Printed Date: 09/Apr/2025 at 7:22am
Topic: Hotel & Travel Related Stocks.
Posted By: Equity Buff
Subject: Hotel & Travel Related Stocks.
Date Posted: 07/Sep/2006 at 1:13pm
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Dear Basant,
India has just been ranked the number 4th most attractive and satisfying tourist destination in the world by "2006 Conde Nast Readers Travel Awards. This is a big jump and by this we have overtaken many of the developed tourist destinations in the world. In the next few years with proper Govt promotion of India and better infrastructure India could be at the top spot in the world for tourism.
Given the above which hotel stocks would you bet on (Mid cap, Small Cap),
specially those hotels having plans to start a chain of budget hotels with pan India presence ?
Other related sector stocks that could also be a big beneficiary of the above ?
Rgds
Equity Buff
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Replies:
Posted By: omshivaya
Date Posted: 07/Sep/2006 at 1:54pm
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I would like to put in a few of my stuff if its okay. ITH(International Travle House) is a good bet. Damani jee recommends it. Also, what about VIP, with travel on the rise and it's said that in 2008 alone, 80 million airline trips will be taken by indians.
Please feel free to throw light on this sector everyone. Thanks and Good luck.
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Posted By: basant
Date Posted: 07/Sep/2006 at 2:27pm
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Great discussion.The total travel spend in 2010 will grow to Rs 39258 crores in 2011 from rs 14,360 crores today. Now let see what a person needs when he travels
Money changers, Tickets and Tour arrangements :
Luggage
Hotels and resorts
Airlines
For Money changers tickets and tour arrangements I would bet on Thomas Cook. This company should hugely benefit as Indians will not travel within India but also abroad.At a current market price of rs 519 it trades at a market cap of Rs 750 crores which looks miniscule when one looks at the big picture.
ITHL I am told does a lot of work for ITC so ITC will never give it higher rates because ITHL's sales is ITC;s cost. Not saying that it would not do well but I would put my Thomas COOk as a surer bet.
Never studied VIP so cannot comment in detail on the financials but I would think that a person who travels in the next 5 years would carry American Tourister or Samsonite how many people we know have bought VIP in the last 10 years? . VIP is more value rather then growth.
The biggst of them will be http://www.theequitydesk.com/forum/forum_topics.asp?FID=29 - Indian Hotels. It is getting into a lot of related activities and the stock should triple in the next 5 years. A must have for people looking at the travel Industry. We did a discussion some time back on this forum where we saw that Indian Hotels is no more Wah Taj!
I would not like to buy TAj GVK for the travel boom .Taj GVK is not that spread out and has benefited from its location at Airlines here one could play a wild card by buying Deccan or Spice but no one just one has made money in the world buying airlines companies.Te total number ofa irlines wil increase from 175 to 500 over the next 4 years.
------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: omshivaya
Date Posted: 07/Sep/2006 at 2:40pm
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VIP is wanting to become world number 2 in next 5 years. Also, their sales at around 500 crore after merger with blowplast and a market cap of just 250 crore is compelling. Yes I agree, VIP is definitely value. But I think this is a "value" pick that CAN go onto become a growth stock, and in the next 4 years, its focus is going to be very concentrated with all the boom in travel etc. and also since most people are underestimating VIP to Samsonite, and hence stock price appreciation could be really good! The VIP management has realized the potential I think and that is why they have made some changes, including the BlowPlast merger.
Additionally, I feel growth is a by-product of value. At some point a stock has to be a "value pick" where only a few people believe in it and when the value becomes recognized by the market, its becomes a growth story. Look at Mcdowell, Pantaloon in the initial years. They were value picks then. Now they are growth.
Anyone may discuss if they so wish! Good luck
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Posted By: basant
Date Posted: 07/Sep/2006 at 2:47pm
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Thanks for the inputs. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: omshivaya
Date Posted: 07/Sep/2006 at 2:50pm
| no problem sir. thanks for all your hard work and inputs too. great site as i have always said. |
Posted By: kulman
Date Posted: 07/Sep/2006 at 5:14pm
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In the travel & Tourism sector, would you also look at following stocks:
1. Advani Hotels & Resort (casino in Goa!)- management track record?
2. Smaller hotels like Sayaji, Viceroy?
3. ITC Hotels (part of main ITC)
Let's find out if there are more... Also any idea whether there is pure restaurant play listed? Basanjee, your fav topic (Kachauri/Jalebi!)
Thanks
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: basant
Date Posted: 07/Sep/2006 at 5:38pm
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Mouth watering. But no pure listed plays in the restaurant space are available right now. ADvani Hotels is another very good play. they have their casino just a few miles away from Goa and are building another one in Rajasthan.Kamal Kabra a very seasoned investor who bought http://www.theequitydesk.com/forum/forum_posts.asp?TID=103 - Trent at Rs 150 has taken a stake in Advani Hotels.
Viceroy is also getting into a big expansion over the next 2 years and will do very well. http://www.theequitydesk.com/rakesh_jhunjhunwala.asp - Rakesh Jhunjhunwala and some other smart investors have got into this one as well.
------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: Equity Buff
Date Posted: 07/Sep/2006 at 6:02pm
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Dear Basant, Thanks for your reply.
A) Pls clarify, are you saying no one has made big money on Airline stocks ? Is it because the industry has always been very competitive globally. I personally feel Spice Jet should do reasonably well in the long term. Your views?
B) Also in one of your other posts, can you pls clarify are these your top picks: For Retail Banking: Hdfc Bank, For Insurance: AB Nuvo ?
Thanks.
Equity Buff
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Posted By: basant
Date Posted: 07/Sep/2006 at 6:12pm
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Globally no one has made money in airlines. i posted a write up on http://www.theequitydesk.com/forum/forum_posts.asp?TID=162 - what industries Warren Buffet had invested in and made money from . I thought that it could help all of ys in locating the best industries to invest in.
May be the problem with airlines is there is
no barrier to entry - open skies
RIsing inputs - crude
Falling ticket prices which they intend to make up by rising volumes
Spice does look allright but I feel that there are better picks then this sector. Also airlines is a highly cyclical industry.. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: kulman
Date Posted: 07/Sep/2006 at 6:25pm
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I fully agree with your view on Airlines industry...Its a big AVOID. There is a joke about this sector...
HOW TO MAKE A MILLION?---INVEST 100 MILLION TO START AN AIRLINE!!!  ------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: manishdave
Date Posted: 09/Sep/2006 at 2:59am
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How about Taneja as an airline industry play? They have airport near electronic city Bangalore. 20 minutes drive. Company has applied for commercial use of airport and is upgrading for that. Then it can become toll Bridge. Company is also doing maintenance for planes and is making/renting/leasing small planes. This company can evolve from smaller planes to more complicated, bigger planes.
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Posted By: reetesh
Date Posted: 13/Sep/2006 at 3:27pm
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One can look at Counrty Club, it has largest number of member in India compare to any other club, it is turning around expanding very fast, I beg to with Mr. Basant`s view not regarding this company but to look at Indian Hotel, I think although the basic nature of business is same but business model is different and it is more immune to global visitors, demand for Country Club is more internal. Management is looking to introduce lof of new thing that is new to India like SEA DIVING(one ex.).
Regards,
Reetesh. ------------- When going gets tough, that’s when tough (people) gets going. |
Posted By: basant
Date Posted: 13/Sep/2006 at 3:53pm
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Great business no doubt I only worry about the guys who manage. See videocon is now a global MNC but what have shreholders got; It is allright to see business I do that the first time I look at a stock but there has to be two considerations:
1)Either the management has to be established. In that case you cannot make a 20 baggers
2) Or the management should appear honest. There are no particular signals to get to the management part but I feel that this is more important.
The BIG problem in these small cap niche companies is the lack of transperancy. If you are sure about the country club management then it makes a great play but that IF is very important because many times people spend; company earns but the shareholders do not. You know what I am referring to.
I have no idea on this company's promoters sow ould like to know from you if possible.
------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: reetesh
Date Posted: 13/Sep/2006 at 4:12pm
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I totally agree with you sir, that management is big issue. What ever information that I have regarding this company is they are not involved in any thing wrong, promoters increased their holdind substantialy in the company, but it was long back when it was trading at 50. They have a 4 star hotel in Hydrabad and promoters are based out of Hydrabad. ------------- When going gets tough, that’s when tough (people) gets going. |
Posted By: Equity Buff
Date Posted: 13/Sep/2006 at 4:44pm
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Dear Reetesh,
On similiar lines of Country Club you could look at Club Mahindra through Mahindra & Mahindra. The parent company M&M and the several subsidiaries of M&M are doing very well. Club Mahindra, as per information, is doing very well and it is almost a 100% subsidiary of M&M. Infact the non auto businesses account for approx 43% of Mahindra Groups profits.
When many of these subsidiaries are listed one by one, M&M stock could also generate very good returns.
Equity Buff.
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Posted By: basant
Date Posted: 13/Sep/2006 at 4:58pm
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Just a thought. While all may sound good in such companies the proportion of club's slae to the overall M&M sale may be miniscule. So it would hardly make a difference to the EPS. While M&M is a great company no doubt I am not so sure if we as shareholders could get the returns from this company in case we want to play the travel/leisure boom. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: reetesh
Date Posted: 13/Sep/2006 at 6:14pm
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I have two point, one that what ever Mr. Basant said, M&M no direct play for Mahindra club... and second one Country Club is bigger than Club Mahindra (Company Size standalone). ------------- When going gets tough, that’s when tough (people) gets going. |
Posted By: Equity Buff
Date Posted: 13/Sep/2006 at 6:36pm
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Just to make clear what I was suggesting, if you absolutely wanted to invest in a somewhat similar business like Country Club and since you were not sure of the management of Country Club that is why I suggested Club Mahindra(Mahindra Holidays) via M&M, the Mahindra management is excellent. Even the parent M&M is doing well and so are many other subsidiaries of M&M. So as a stock you would have invested in a good stock which could give you good returns in the Med to Long Term and also had indirect exposure to Mahindra Holidays, which is also doing well. As Mahindra Holidays is currently not listed the only way you can play it is through M&M. Also Mahindra Hoildays earned a net profit of Rs. 20.80 crs in 2006. I am not sure what was the net profit of Country Club ? Rgds
Equity Buff
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Posted By: reetesh
Date Posted: 13/Sep/2006 at 6:40pm
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It will be some where around 22cr. ------------- When going gets tough, that’s when tough (people) gets going. |
Posted By: Equity Buff
Date Posted: 13/Sep/2006 at 7:05pm
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Dear Kulman,
The Airline Industry is also not one of my favourite sectors for investment.
But among the listed stocks I feel Spice Jet should do fairly well. Projections are for EPS of approx Rs. 4.65 for FY 08. The market could give it a multilple of 15 times and in a years time the stock could be at Rs. 70.00. I think the stock was at Rs. 40 when we initially discusssed it here. At 75% return in one year. Also some large FII'S have recently bought Spice Jet stock as reported in the bulk deals a few days ago.
However I liked your joke(I have heard it somewhere before).
Rgds
Equity Buff
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Posted By: kulman
Date Posted: 13/Sep/2006 at 7:19pm
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Thanks for that EquityBuff. Actually its a very common joke people say about Airline industry.
As Basantjee pointed out elsewhere today, we can however look at allied/dependant businesses such as pilot training/air-hostess training/in-flight caterers etc... Do you have any ideas in mind?
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: Equity Buff
Date Posted: 13/Sep/2006 at 7:29pm
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Dear Kulman,
Someone here mentioned "Taneja Aerospace". I have heard this stock being mentioned in Stock Market circles. Any one having any more info on this stock pls post.
Rgds
Equity Buff
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Posted By: basant
Date Posted: 13/Sep/2006 at 7:44pm
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You could look for it from the search button at the forum.
http://www.theequitydesk.com/forum/search_results_posts.asp?SearchID=20060913074204&KW=Taneja - http://www.theequitydesk.com/forum/search_results_posts.asp?SearchID=20060913074204&KW=Taneja ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: Ajith
Date Posted: 13/Sep/2006 at 8:55pm
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Actually Mr.Om Shiva is right,Mr.Basant, VIP is a value pick in a sluggish industry.Their products are excellent and priced lower than Samsonite,I think but am not certain.
I think they are very agressive in their retail -they are in lots of new malls and I saw a Carlton shop on posh Nungambackam High Road ,Chennai last month.If demand perks up this could become a growth stock with not too many players in the organized sector.If demand does not rise for whatever reason expenses will rise.In any case, this may be good over a longer time frame.
One thing I noticed after joining this forum is that currently in India a true contrarian would focus on value stocks. ------------- Ajith |
Posted By: Equity Buff
Date Posted: 13/Sep/2006 at 10:48pm
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Country Club net profit for FY 06 was Rs. 13.93 crs.
Mahindra Holidays net profit for FY 06 was Rs. 20.80 crs as mentioned in my eariler post.
Rgds
Equity Buff
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Posted By: PrashantS
Date Posted: 20/Oct/2006 at 6:54pm
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Basantji...can you please throw some light on Hotel sector...like International Travel House... Hotel Leela EIH Taj Gvk.... i already have some the first two....shoudl i increase the exposure at current levels...and buy on dips.......please advice me... |
Posted By: basant
Date Posted: 20/Oct/2006 at 8:13pm
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The leader in this space is http://www.theequitydesk.com/forum/forum_topics.asp?FID=29 - Indian Hotels. that should do very well. I do not like ITHL quoting what I had written earlier
"ITHL I am told does a lot of work for ITC so ITC will never give it higher rates because ITHL's sales is ITC;s cost so Pe's will always be low."
Also take a look at Viceroy.It is a dark horse. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: India_Bull
Date Posted: 22/Oct/2006 at 11:06pm
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Hi, Market has recovered,so Taj Hotel also recovered however Voiceroy hotel is been laggard, but seems quite undervalued.Seems promoters have bought recently at around 80-85.RJ is bullish and will flair up over a period of time. Basantji, do you have any view/analysis on this one. Can this become atleast 3 bagger by Dec 2008.
------------- India_Bull forever Bull ! www.kapilcomedynights.com |
Posted By: basant
Date Posted: 22/Oct/2006 at 9:01am
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No analysis on Viceroy but this is a great 2 year play. Company is expanding aggressively and with http://www.theequitydesk.com/forum/forum_posts.asp?TID=126 - Indian Hotels remains a great play on the hospitality sector. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: tigershark
Date Posted: 03/Nov/2006 at 9:10pm
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could any one share with me the following ,would like to know
whether dilip piramal of vip is the same as nicholas piramal.and any
idea on what this country club is murrugan stanley has invested.and how
serious is the management of vip of putting their co on a growth
path.thanks
------------- understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things |
Posted By: omshivaya
Date Posted: 03/Nov/2006 at 10:06pm
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Very interesting question tigershark. Nic and Dilip Piramal are different I believe. Nic is from Pharma and Dilip from Luggage.
Vip merged with Blowplast and is opening up various luxury stores. Also, their exports are slowly growing. However, the stock has been badly hit recently due to losses on quarter-on-quarter which they say is due to heavy advertising costs in 1st half if this year. Whether VIP performs or not as Ramesh Damani suggested only time will tell. Incidentally, he more than once hinted on moneycontrol that VIP for the next 2-3 years could do what mcdowell did when it woke up from its sleep.
Let's see how it all pans out. However, I feel VIP will require a lotttt of patience as it is currently pure value. ------------- The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it |
Posted By: tigershark
Date Posted: 03/Nov/2006 at 5:25am
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thks for the info.thats exatly my point all we can do is beleive the
mngmnt when they say heavy adv costs or are they not showing
everything as profits, only time will tell otherwise the story does
make sense.how they tackle cheap chinese imports and deal with
the unorganized sector will be a key to profitability.the quqlity of
their products is no doubt very good,showrooms are attractive.and on a
mkt cap basis it is undervalued.i do own the stock at around the
current levels
------------- understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things |
Posted By: kulman
Date Posted: 05/Nov/2006 at 8:52am
Hotel rooms in Kolkata are all sold out. Not just for the next few days but for months. Rooms in elite clubs of Kolkata have a long waitlist from now right through December and beyond. All 240 rooms at the ITC Shonar Bangla Sheraton Hotel & Towers are sold out. ITC Shonar Bangla is currently host to a CLSA Investors' Conference.
All 213 rooms at the Hyatt Regency are sold out.
The Park Hotel, located in the heart of city, is also overbooked. All 149 rooms at the star property are occupied.
"The demand for hotel rooms in Kolkata is there to stay for at least the next three-four years. Even if we start building new properties now, they will not be ready before 2008-09. The crunch for rooms in top-grade hotels is going to continue," said a hotel industry veteran here.
------------------------------------
All pointers indicate the huge opportunity in this sector.
Basantjee, could you please inform us how ITC's Hotel division could be valued?
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: BubbleVision
Date Posted: 05/Nov/2006 at 9:06am
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Kulman.... ITC Sonar Bangla and Hyatt both are located near BasantJi's house.... and CLSA conference there... Interesting....
Park Hotel is really a prime land in Kolkata.... ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: basant
Date Posted: 05/Nov/2006 at 9:39am
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Basantjee, could you please inform us how ITC's Hotel division could be valued?
___________________________________________________________
No idea really. How many rooms do they have any idea on that? Itc has market cap of more then US $12 billion so irrespective of what their hotel venture would be valyued at it would be less then Indian Hotels menaing it is insignificant to the whole broad story. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: reetesh
Date Posted: 03/Dec/2006 at 6:09pm
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Sir, what is your view on Tourism sector and precisely on tour operator like Thomas Cook?You must have read that they bought TCI and they are now leader in inbound tourism also, how is visibility in terms of earning for this sector and in patricular Thomas Cook? ------------- When going gets tough, that’s when tough (people) gets going. |
Posted By: basant
Date Posted: 03/Dec/2006 at 9:12pm
Yes, good business to own at least better then the the luggage companies buit do not look at EPS and PE take a 3 year view and stay put. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: kulman
Date Posted: 03/Dec/2006 at 6:57am
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Yes, good business to own at least better then the the luggage companies......
--------------------------------------------
Basant jee, there seems to be a lot of confusion.
That luggage company's TV Advt showed a good looking model with background song: BUY BUY, BUY BUY, BUY BUY, BUY BUY BUY BUY....
Whereas you seem to have misunderstood the same as: BYE BYE, BYE BYE, BYE BYE, BYE BYE BYE BYE....
By the way, if I put a gun to your head, what would you choose: VIP kaa luggage yaa phir VIP* ki Chaddi-Baniyan?
*VIP undergarments by Maxwell Industries
----------------------------------------------------------------------------
Disclaimer/Disclosure: This post has no intention of hurting anyone's feeling, either living or dead. Still if someone takes it personally, ....................................................... the hell with him.
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: basant
Date Posted: 03/Dec/2006 at 7:52am
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Hey, people have gone grossly wrong predicting things with Guns on their head. A couple of them whom I know have seen their recommendation have turned into gas.
"Chaddi-Baniyan" is what I would go for. The luggage business is value no doubt but how that value would be unlocked is still unclear to me. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: xbox
Date Posted: 03/Dec/2006 at 8:28am
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Given my price, I like airline business. It is proxy to economy. I strongly believe airlines are facing losses due to maniac mentality. This will not go for long. I can enviage the time when airlines will increase ticket prices as per ATF prices. This will happen when whole airline insdustry attains maturity. That time is still far.. may be around 2010.
There is huge demand for airline services and this is all set to grow exponentially over time. It will not be prudent to miss this opprtunity. I agree, it is complex businesses but do simple businesses commands high PE (see commodity, oil business, PE is hardly in double digits).
All I am saying, all businesses are good and bad given a price. I would love to buy airline but at my price. Untill then I will wait. Offcourse these are not outperformer.
------------- Don't bet on pig after all bull & bear in circle. |
Posted By: kulman
Date Posted: 03/Dec/2006 at 9:45am
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The luggage business is value no doubt but how that value would be unlocked is still unclear to me.
----------------------------------------------------
If one stretches the memory, there used be an Advt with a tag-line : "Yeh Ulta, Kabhi Nahin Khulta"!
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: basant
Date Posted: 04/Dec/2006 at 2:50pm
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Yes, that adv was somewhere in the late 80's and it was a hit till such time Indians did not see american Tourister and samsonite! ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: tigershark
Date Posted: 04/Dec/2006 at 9:02pm
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simple question over a period of 6years how many suitcases would you
buy.if your initail purchase has been a large enough good qlty one may
be samsonite or vip i suppose you can do with that one purchase.but in
that 6 yrs if yu are the travelling type yu would have travelled on at
least 4 holidays-thomascook, bought travel insurance-prudential
icici.,bought clothes pantaloon or abnuvo,flown domestic jet airdeccan
or kingfisher and stayed in hotels -taj or vieroy ,leelas or eih but
throughout all this ordeal your suitcase may remain the same does it
make sense or have i missed something does anybody have some idea what
the margins are in luggage is it a high margin business or has volume
growth the only criteria for increased profits
------------- understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things |
Posted By: kulman
Date Posted: 04/Dec/2006 at 9:21pm
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does anybody have some idea what the margins are in luggage is it a high margin business or has volume growth the only criteria for increased profits
-------------------------------------
Tigershark, you made some very interesting observations there!
About your question on margin in luggage business, from little that I have learnt........the particular luggage stock offers a very high margin of safety to the 'expert analyst' who first buys at lower levels & then recommends it to others...
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: PrashantS
Date Posted: 19/Dec/2006 at 6:05am
| Basantji your views on Thomas Cook??? |
Posted By: basant
Date Posted: 19/Dec/2006 at 8:41am
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Good company, excellent service based business model should be a big beneficiary over the next 2-3 years because of the tourism boom. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: kulman
Date Posted: 22/Dec/2006 at 6:14am
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Interesting survey results....Just ask your colleagues/friends/relatives/neighbours....you can't but agree with this. I have learnt that it is very very difficult to get a hotel room booking even in smaller towns, top tourist destinations are fully booked in advance.
http://www.thehindubusinessline.com/2006/12/23/stories/2006122301310500.htm - Indians to go on a spending spree in 2007: Study
Bangalore , Dec. 22 Driven by high confidence levels on the state of their personal finance, Indians are all set to go on a spending spree in 2007. In an AC Nielsen study of Internet consumers that gauged current confidence levels, spending habits/intentions and current major concerns of consumers across the globe, Indians (61 per cent) were the second most optimistic group of people after Denmark (71 per cent) about spending in the coming year. High Optimism
The high spending intention of Indians is fuelled by high optimism in the state of their personal finance. While globally, 58 per cent of world consumers are optimistic about the state of their personal finance in the next 12 months, Indians at 87 per cent were toppers. Holidays (30 per cent) overtook all others apart from investing in mutual fund and shares, to become Indian consumers' top choice for disposing their spare cash, followed by 32 per cent for home improvement and 27 per cent each of out of home entertainment and new technology respectively. About 30 per cent also choose to pay off debts/credit card bills/loans with their spare cash.
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: kulman
Date Posted: 26/Dec/2006 at 10:02pm
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: amit_bahura
Date Posted: 31/Dec/2006 at 11:55am
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Basant,
would hotel leela be able to post an EPS of 4 this year??
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Posted By: basant
Date Posted: 01/Jan/2007 at 12:21pm
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Sorry I have never researched this stock so giving out that EPS forecast would be difficult. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: kulman
Date Posted: 27/Jan/2007 at 9:55am
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Read more details at this link: http://equitymaster.com/detail.asp?date=1/24/07&story=1 - Hotels: Incredible India! http://equitymaster.com/detail.asp?date=1/24/07&story=1 - The Indian hotel sector's profitability increased sharply over the past two years. India's strong economic growth, business-tourist traffic growth at a double-digit clip, business confidence index at an all-time high, and the rising FDI into the country led to the tourist inflow. The sector enjoyed strong pricing power.
With the foreign traffic in the country touching 4 m mark in 2005-06, the hotel industry reached new heights this year.
With disposable incomes having gone up, the leisure destinations have benefited and with the heightened industrial activities, business destinations have witnessed a healthy surge in the tourist traffic.
 The main season of the hospitality sector begins in October. However, the Indian hospitality sector came out with very impressive numbers even in the off season due to favourable demand supply gap prevailing in the country. This led to an overall rise in average room rates (ARR) and occupancy rates. The all-India occupancy mark touched the 70.8% mark for the first time and many cities were completely sold out on a number of weekday nights, resulting in hotels hiking their rates sharply.
Even the food and beverages segment contributed to the jump in the profits. The operating environment for the hotels industry also improved over the past two years, with a sharp rise in room demand and limited room supply.
 This year to capitalise on the increasing tourist inflow, while the companies have lined up expansion plans, the supply will come in only by FY09. Also, the hotel players have entered newer segments like budget hotels and service apartments. India is no longer a metro destination, but even cities like Hyderabad, Pune, Jaipur among others have gained importance in terms of tourist inflows. India accounts for 0.5% of world tourism, and the tourist inflow which is expected to grow at the rate of 4% till 2010. Strong GDP growth, improving infrastructure, confidence on the country's economic prospects, open sky policy and 'Incredible India' campaign have improved the outlook for India.
Even domestic tourism is gaining momentum. Rising disposable incomes, cheaper air fares and better connectivity would continue to increase the demand for rooms.
The favourable demand supply gap is likely to continue till FY09 when major expansions would come in.
With no new supply coming in the near future, average room rates are expected to surge higher.
Going forward, we believe that while there is less scope for occupancies to grow further, future growth will be driven by the ARR's. However, with international players entering the country, the competition is likely to increase.
Also the heightened demand for land, especially from real estate players has led to a steep escalation in the prices.
Also, shortage of manpower is going to be a huge challenge going forward.
Hotel players with a diversified portfolio, across different segments are likely to be the key beneficiaries. Though valuations of certain companies are high, and one has to be selective while picking a stock (giving due consideration to the growth plans, diversified portfolio, net asset value and cash flows), overall prospects of the sector look good.
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: kulman
Date Posted: 20/Mar/2007 at 8:48am
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http://www.livemint.com/2007/03/21001529/Tourism-ministry-moots-nationw.html - Tourism ministry moots nationwide hotel tax holiday (livemint.com)
The tourism ministry has asked the finance ministry to extend a five-year tax holiday for two-, three- and four-star hotels to at least 35 other cities.
The tax break was proposed in the 2007-08 Union Budget for new hotels in the Delhi area so that a potential shortage of rooms during the 2010 Commonwealth Games could be averted.
The tourism ministry has requested that changes be made to the finance Bill that is yet to be cleared by Parliament. The Bill is a list of the tax changes proposed in the Budget. “The tourism ministry can only recommend, but the decision is with the finance ministry,” notes Patu Keswani, who promotes the Lemon Tree brand of hotels and is planning to roll out a chain of budget hotels.
The list of cities includes those where airport facilities are being upgraded, such as Hyderabad, said a ministry official who did not wish to be named. The ministry’s goal is to alleviate an estimated shortage of 1.5 lakh rooms by reducing development costs for hoteliers, a long-standing demand of the industry.
The tourism ministry is pushing a number of proposals within the government, including the acquisition of a land bank from other government agencies to reduce hoteliers’ development costs and their time.
High land prices spurred by investments worth hundreds of millions of dollars by hotel companies are making it financially unfeasible for some developers to build budget hotels. For instance, Delhi-based developer Emaar-MGF Land Private Ltd, paid Rs388 crore last year for about five acres on the outskirts of South Delhi, or more than Rs77 crore per acre, to build a luxury hotel.
In a recent auction by the Indian Railways for a 30-year lease on a piece of land in Mumbai to build hotels where 25% of the rooms would be let out at budget rates, a company offered at least Rs168 crore, said P.K. Goel of the Indian Railway Catering and Tourism Corp. Ltd.
At such rates, most successful bidders won’t be able to afford to build budget hotels.
The tourism ministry has little leverage in getting even government land at discounted rates or to try and reduce taxes. According to the ministry, foreign arrivals in India increased 85.8% to 4.4 million in 2006, up from 2.4 million in 2002. The country received more than Rs29,600 crore in foreign exchange revenues from tourism in 2006, a gain of 17.6% over 2005.
With high occupancy rates induced by India’s room shortage, tariffs have shot up over recent years even among lower star categories.
According to a report by hospitality consultants HVS International, average room rates among three-star hotels grew 22.4% from fiscal 2004 to fiscal 2006, to Rs2,044 per night.
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: tigershark
Date Posted: 21/Mar/2007 at 8:44am
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basant does this mean that viceroy is still a buy at 80 odd rupees can it withstand the competition that will come in ------------- understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things |
Posted By: basant
Date Posted: 21/Mar/2007 at 10:13am
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I still think so. ALso this business of tax holidays does not help - because then these companies could make larger profits for a brief period of time but the quality of profits will deteriorate - hence lower discounting. I remember sometime in 1997 or 98 the Govt. increased import duty on steel or something and I thought I should buy and actually bought Tata Steel but after a period of time nothing happened because maybe the markets did not like the idea of a company increasing profits on a tax concession - this is something like a subsidy stuff and beyond the power of the company.
Software has thrived on this because exports as a whole was tax free. It would be very interesting to see what happens post 2009 maybe Infy will get a PE of 40 that is because the current PE of 25 tiems Fy 08 does not have that tax component and that is why Infy trades at a PEG of less then one. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: tigershark
Date Posted: 21/Mar/2007 at 10:24am
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and what do yu feel bout THE SIUTCASE CO your unbiased view after all it is a domestic cunsumption story catering to growing middle class of indai no doubt it has so far been managed badly but can they get their act together if so it does have value.any insights into this management and their capabilities.btw what suitcase do yu have?ha,ha,ha ------------- understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things |
Posted By: basant
Date Posted: 21/Mar/2007 at 11:14am
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The first time I heard about blowplast and vip i thought it did make some sense but then i enquired with a few friends and relatives and i did not find anyone of them to have bought a vip suitcase in the last 15 years. they have a very good showroom near our house and i went there to see - it all looked so deserted.See the company is value no doubt but i am unable to let go of other sure shot opportunities for this value buy. now if you are bullish on travel why not buy the more logical ones. i mean people go and buy american tourister and use it for 15 years - At least that is what we are doing at our place.
Also globally there are no billion dollar companies in suitcase manufacture we could check it out but i have not found one in the small research that i did.
So while both these twins are solid value with almost minimum downside risk they sometimes look like sundaram finance and macmillan - two of rd"s favourite counters that have always looked value but still refuse to create wealth macmillan has gone nowhere and sundaram has just about more then doubled whereas the index has gone up some 4 times.
The oportunity cost in this bull run is very high and remaining invested in a surer idea is always better then remaining with an unpredictable one even if the surer thing gives you a slightly lesser return.
I still argue why did he not bet all on Nucleus earlier- at least the company is delvering on the results front!!!
------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: BubbleVision
Date Posted: 21/Mar/2007 at 11:18am
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We too have not purchased any VIP suitcases in my living memory. The Suitcases that we have purchased have come form "Fancy Market", where apparently, every thing is chinese in origin!!! ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: basant
Date Posted: 21/Mar/2007 at 11:22am
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In my previous post that nucleus thing has not come from hindsight advantage. This company was delivering on the results front and that is whY i made that statement. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: vivekkumar_in
Date Posted: 21/Mar/2007 at 11:40am
You are bang on Basantji .. I realized this same concern..
I was also following the chats of rd in 2004-05 had invested in his recommendations.. Its finally like at least 30 -35 shares that he recommends over a period of 1 year.. This is when I was new to stock markets..
Of this Nucleus, VIP, HOCL, Hitachi and many other duds.. Of the whole lot in recent 2 yrs other than Nucleus none of his other recent recommendations have done well. But when he offers these he asksppl to buy as a basket.. If you buy it as a basket you will end up underperforming the sensex by a good margin, while sensex is on a bull run..
There is no strong conviction about just a handful of stocks stocks .. many of them are like 'lets give it a chance'..
------------- Often we forget there's a company behind every stock,and there's only one reason why stocks go up. Companies go from doing poorly to doing well or small companies grow to large companies. P Lynch |
Posted By: johnnybravo
Date Posted: 22/Mar/2007 at 1:03pm
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rd was bullish on tata tele as well. That stock is only a favaurite of operators and they keep it in the 17-30 range ! |
Posted By: kulman
Date Posted: 22/Mar/2007 at 10:56pm
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Ohhhhh! Yeh Hotel Room mein kiska qatl ho raha hain, Woolmer jaisa!
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: basant
Date Posted: 03/Apr/2007 at 9:34pm
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I think ITHL has started advertising on CNBC Tv18 so all those people who were frustated with this stock could now have a relook.Advertising on a business channel in prime time means the company is looking at increasing non- ITC revenues. If this advertisement continues this could be looked into.
See this is what I had been advocating for long ITHL was a captive supply point for ITC and nothing moved for years it was a real dudd but now when we see this signal we can always research the stock - that saves us the holding cost and also does not dilute returns from the opportunity cost of capital. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: manishdave
Date Posted: 03/Apr/2007 at 1:15am
| Harshad Mehta ne Narsihmarao ko kaunsi brand ki suitcase di thi ? |
Posted By: basant
Date Posted: 03/Apr/2007 at 10:12am
Was that VIP??? ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: tigershark
Date Posted: 04/Apr/2007 at 6:12pm
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i had alook at at ithl it has a mkt cap of 120crs and should do 75crs inturnover for 07 i expect aneps of 10 and a pe discounting of 15.in its new avatar it looks like a mini thomas cook to me one can visit http://www.travelhouseindia.com - www.travelhouseindia.com and have alook at the new co they are now focusing on inbound tourism and offering a complete range of services from tours to taxi to hotels and tickets previously they depended only on taxi, tickets and hotel for mainly itc customers that appears to be changing.now if they can capture a pie of inbound and outbound business then margins should improve and 08 and 09 should look much better on the bottomline.at 157 it is close to its 52 week low of136 then its 52wk high of 270. 61% of the equity is held by russel credit the investment arm of bat ------------- understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things |
Posted By: basant
Date Posted: 04/Apr/2007 at 6:31pm
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Now Thomas Cook sells at a market cap of Rs 720 crores so that is the ceiling - at least for the time being. That means the best case scenario is a six bagger now the problem with these kind of stocks are multifold because things do not move in a straight line and any program could be deferred by 3-6 months.
Also it would take some time to reach that level of efficiency and branding as Thomas Cook.
I am not suggesting that ITHL is a bad buy or something but just trying to put a perspective across.
------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: tigershark
Date Posted: 04/Apr/2007 at 9:53pm
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agreed it is more of a safe buy i feel at this entry level downside is largley protected from 120 crs mkt cap can go to 400-500crs so aprice of 400-500 which is not bad over a3 yr period. ------------- understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things |
Posted By: kulman
Date Posted: 22/May/2007 at 9:54pm
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Here's one tip for speculators: Just heard from a friend who keeps track of global happenings that he expects a huge rally in Hotel stocks over next few days, because of some M&A buzz in USA of a hotel+casino.
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: tigershark
Date Posted: 22/May/2007 at 10:05pm
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otherwise hotel stocks should remain subdued as the appreciating rupee also does affect them.did yu notice the move in indian hotels towards the close lets see if it sustains ------------- understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things |
Posted By: kulman
Date Posted: 23/Jun/2007 at 7:34pm
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http://www.businesstimes.com.sg/sub/storyprintfriendly/0,4582,238499,00.html? - India putting smiles on faces of tourists
Dental tourism up 30% a year as lower costs attract foreign patients (NEW DELHI) American tourist Christina Douglas enjoyed her recent 12-day visit to India. Besides the Taj Mahal what she remembers most is that the country returned her smile - for about US$3,000 she spent on cosmetic dentistry compared to about US$88,000 that it would have cost her in the US. India is now putting smiles on many faces. Thanks to quality dental treatments available at over 70 per cent cheaper than that in the West, globetrotters are thronging the country to get various dental treatments, from root canal surgeries to implants. Getting cavities filled and teeth repaired are just a small part of the growing medical tourism sector. A trip to the Taj, cardiac surgeries followed by spa massages and dental implants after an excursion to Khajuraho (an ancient structure with sculptures) - medical tourism has come of age in India. Dental tourism, growing at 30 per cent per annum, is one of the fastest growing segment of medical tourism. Another reason is that dental treatment is not covered by insurance in most countries. 'Though there is competition from Asian countries such as Malaysia and Indonesia, they cannot match the quality of treatment provided by Indian hospitals,'
To woo dental tourists, doctors and tour operators are working in sync.
Confident Dental Equipment, a Bangalore-based dental equipment manufacturing company, is setting up a chain of 100 dental hospitals, investing around five billion to six billion rupees (S$189 million to S$227 million), largely to cater to the needs of foreign patients.
'All our hospitals will have a similar set-up, allowing patients to get the treatment while on tour. A patient can begin the treatment in a city and do the follow-up treatment and check-ups in any of our hospitals spread across the country. With just a single case number, their details will be accessible across all the hospitals. In addition to the foreign patients, we will also target the Indian diaspora,' said Dr B Subhashchandra Shetty. ---------------------------------------------- Could we start Mental Tourism for the expert Analysts, both local & foreign ?!!------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: manishdave
Date Posted: 23/Jun/2007 at 5:04am
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Excellent news Kulmanji. If that company goes public, I am buyer. There is huge opportunity(not potential) there. I am holding some Apollo Hospital on this line even if not very happy with management. With right management and right company I would go will with full force. |
Posted By: kulman
Date Posted: 02/Jul/2007 at 8:19am
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This is something you don’t hear very often. These days, leading hotels are asking foreign tourists whether they would like to settle bills in rupees. While foreigners and NRIs have the option to pay in dollars, many hotel chains are not ready to take a hit from the drop in ------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: kulman
Date Posted: 04/Jul/2007 at 6:59pm
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http://bloomberg.com/apps/news?pid=20601087&refer=home&sid=anUkFipFmT.Y - Hilton Hotels Corp., the second- biggest U.S. hotel chain, agreed to be taken private by buyout firm Blackstone Group LP for $20 billion , ending more than 60 years as a public company.
The purchase is a record for the hotel industry. Hilton, second in size to Marriott International Inc., has more than 2,800 locations. Blackstone, the owner of the La Quinta chain, is among private-equity firms that are buying hotels to profit from their cash flow and real estate holdings. Blackstone owns more than 100,000 hotel rooms in the U.S. and Europe. The chain has more than 480,000 hotel rooms worldwide under brands including Waldorf-Astoria and Doubletree. Blackstone's purchase eclipses the 1998 takeover of ITT Corp. by Starwood Hotels & Resorts Trust for $14.6 billion, including debt. Hilton's share price before the bid valued the company at 27.95 times earnings, making it more expensive than Starwood at 23.76 times income and Marriott International at 27.61. Hilton's 2006 net income climbed 24 percent to $572 million on revenue of $8.16 billion. Buyout firms typically pay for acquisitions with borrowed money and use their cash flow to pay off the debt. More than 100 real estate funds may raise a record $69 billion this year Source: Bloomberg ------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: basant
Date Posted: 04/Jul/2007 at 7:30pm
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Blackstone owns more than 100,000 hotel rooms in the U.S. and Europe
____________________________________________________
Sometime earlier (probably on the Viceroy thread) I had written that 5 star hotel rooms are valued at Rs 1 crore per room and extending that yardstick even Hilton seems to be valued very close to that.
------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: tigershark
Date Posted: 04/Jul/2007 at 9:42pm
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basant what do you feel bout indian hotels entering the processed food business no doubt that food in india is big business ------------- understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things |
Posted By: basant
Date Posted: 04/Jul/2007 at 10:14pm
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Processed ffod business structure has been bombarded by ITC look at the way these guys are advertsing and they indicated in their latest result that they would not mind cuttinbg down on price also!!!
So in the short term it could remain a tough place to be in also we cannot identify any leaders here and coming to indian Hotels the hotel revenue will be the dominant segment hence processed food would not be anle to make a big impact. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: xbox
Date Posted: 04/Jul/2007 at 5:51am
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Looks like consolidation is theme of the century. Consolidation in steel has done wonders to average steel prices. Same is about to happen in hotel sector ? poor ITC should get some excitement.
Like airlines, at large hotels are commodity business. ------------- Don't bet on pig after all bull & bear in circle. |
Posted By: CHINKI
Date Posted: 16/Jul/2007 at 2:47pm
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Hospitality boom to propel home furnishings sector
NEW DELHI, JUL 15 : The hospitality boom that India is witnessing today is not just going to be a boon for the budget traveller, but it has already started spinning success for the home furnishings market in the country. In fact, the sector is expected to propel the Rs 9,000-crore home furnishings market forward by 25% in the next couple of years. While the growth rate in the furnishings industry was 30-40% in the past 3-4 years, it is expected to grow by 100% in times to come. Advertisement Though a number of international players have entered the Indian market, they cater to only 0.01% of the market. The market is dominated by domestic players like Jagdish Stores, Seasons Furnishings, Welspun etc. Says Mandeep S Wadhwa, MD, Seasons Furnishings, "the organized furnishings market forms a miniscule portion of the total home market, that is pegged at Rs 54,000 crore. Uptill now, the demand in the Rs 9,000 crore market was dominated by the residential segment, but with the growth in the hospitality industry as well as the commercial sector, the sales of furnishings are expected to increase manifold." Also, with the residential segment now tilting towards the readymade market that is being catered to hugely by the unorganised sector, it is the hospitality sector that is expected to take the furnishings industry forward. Institutional sales too have started to make an appearance in the revenue figures of furnishings major in the country of late. Source : %20 - http://www.financialexpress.com/fe_full_story.php?content_id=170155 ------------- TOUGH TIMES NEVER LAST, BUT TOUGH PEOPLE DO |
Posted By: kulman
Date Posted: 25/Aug/2007 at 8:30pm
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Hospitality industry experts have stressed the need to develop new leisure real estate models as well as budget accommodations in the country with the number of domestic tourists expected to touch 1,570 million by 2017. "The number of domestic tourist is expected to increase to 877 million in 2012 from the current figure at 430 million and it would further go up to 1,570 million in 2017," Amitabh Kant, the man behind the Incredible India Campaign said at Leisure Real Estate Symposium here. With the World Travel and Tourism Council (WTTC) predicting India to be the third fastest growing country in the globe in travel and tourism demand over the next 10 years, experts said time was ripe for the country to meet demands from increased number of tourist. Source: http://economictimes.indiatimes.com/News/News_By_Industry/Services/Hotels__Restaurants/More_accommodation_needed_for_1570_mn_tourists_by_17/articleshow/2308288.cms - ET news here
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: basant
Date Posted: 25/Aug/2007 at 11:44pm
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Does anyone have any idea why stocks like Indian Hotels have underperformed the sensex inspite of such robust macro dynamics? ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: kulman
Date Posted: 25/Aug/2007 at 8:20am
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Markets might be discounting various factors like effects of rising Rupee, imminent US recession, cooling of real estate prices, additional capacity coming up etc etc.
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: tigershark
Date Posted: 25/Aug/2007 at 9:51am
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foremost the mkt is factoring an increase in addn capacity and stagnating ARRS. next trigger for hotel stocks in general could be the commonwealth games. ------------- understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things |
Posted By: kulman
Date Posted: 25/Aug/2007 at 9:58am
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Another factor which many player follow, is the weakness because of breach of 200DMA levels.
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: kulman
Date Posted: 04/Dec/2007 at 10:04am
Lots of action in this space....
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: deveshkayal
Date Posted: 04/Dec/2007 at 10:21am
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I think Bhagwati Banquets looks good from business model perspective. Any idea on this company. ------------- "You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett |
Posted By: PKB2000
Date Posted: 05/Dec/2007 at 12:32pm
And lot of actions in the following hotels
1. Hotel leela (Fire and Ocean section)
2. Indian hotels ( As per broking houses - India Infoline and PINC)
3. Kamat Hotel (TED and ICICI direct preference)
4. CHD Hotels and developers ( two digit TED stock - Pls take it in smiling  ) ------------- I am always doing that which I cannot do, in order that I may learn how to do it. ~Pablo Picasso |
Posted By: PKB2000
Date Posted: 05/Dec/2007 at 12:39pm
Ms. Sharmila Joshi of PL knows the stock the best! And I think earlier she was representing ACMIL in TV18! ------------- I am always doing that which I cannot do, in order that I may learn how to do it. ~Pablo Picasso |
Posted By: khokhadream
Date Posted: 05/Dec/2007 at 11:59am
| please let me know why indian hotels is not moving. I have had enough patience. Jaldi batao nahi to tapka doonga mein isko |
Posted By: basant
Date Posted: 06/Dec/2007 at 12:08pm
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Most of its earnings are in US $ maybe because of that.
------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: kulman
Date Posted: 08/Dec/2007 at 2:40pm
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Last weekend, I attended an exhibition in Pune: "India International Travel Mart".
While the profile of exhibitors was just okay....the visitors response was overwhelming. It's just unbelievable to see more & more Indians getting interested in foreign trips, theme based travel destinations, weekend outings, adventure tourism etc etc.
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: deveshkayal
Date Posted: 08/Dec/2007 at 2:44pm
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No wonder you and me have invested in yatra.com through Rel Cap and TV18/Network 18 !! ------------- "You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett |
Posted By: kulman
Date Posted: 08/Dec/2007 at 2:56pm
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To my surprise, none of those 'online travel' companies was represented there at the expo.
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: smartcat
Date Posted: 08/Dec/2007 at 8:01pm
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Thanks for Golden Quadrilateral, you will see more families packing their bags and driving around in India. The 'road trip' concept should pick up as road infrastructure and safety improves.
Reliance is already trying to tap into this is their A1 petrol pump/restaurants. I expect them to extend this to lodging, retail and car service related offerings.
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Posted By: CHINKI
Date Posted: 08/Dec/2007 at 8:33pm
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smartcat, Indian Oil have already implemented this concept quite some time. You go from Bangalore to any places (Kolar, Hassan, Mysore....)IOC has Kamat Yatri Niwas with all the facilities.
Reliance are only just copying. May be after seeing working at IOC, they may be taking care of the disadvantages as most of staff at Reliance are from PSUs ------------- TOUGH TIMES NEVER LAST, BUT TOUGH PEOPLE DO |
Posted By: smartcat
Date Posted: 08/Dec/2007 at 8:35pm
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I thought Kamat Yatri Nivas belongs to Kamat Hotels! |
Posted By: kulman
Date Posted: 08/Dec/2007 at 8:43pm
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They are different Kamath I guess.
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: CHINKI
Date Posted: 08/Dec/2007 at 8:53pm
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No, I think they belong to Kamat Hotels.
Since IOC would be constructing the hotel and giving it to them to run the hotels, they may have to pay some fixed income plus percentage of additional sales. ------------- TOUGH TIMES NEVER LAST, BUT TOUGH PEOPLE DO |
Posted By: Mr. V
Date Posted: 09/Dec/2007 at 7:54am
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Kamat YatriNivas is different from Kamat Hotels (KHIL).
http://www.kamatyatri.in/ |
Posted By: kulman
Date Posted: 09/Dec/2007 at 7:58am
Yes.
By the way, Mr. V your KHIL is being noticed by Mr. Market. >50% rally in short span.
------------- Life can only be understood backwards—but it must be lived forwards |