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<ul><li>India's largest budget hotel chain is looking to go asset light going forward.</li><li>The company will either retain a part stake or to manage the same hotels, Chairman <keyword id="6370083" type="UNKNOWN" weightage="20" keywordseo="Patanjali-Keswani">Patanjali Keswani</keyword> explained.</li><li>The stake can be sold to <keyword id="148003" type="COMPANY" weightage="20" keywordseo="pension-funds">pension funds</keyword>, insurance companies, or sovereign funds that seek assured returns.</li></ul>Lemon Tree Hotels was already the largest Indian chain in the mid-market segment when the stock listed on the Indian stock exchanges just about a year ago. In the next five years, the business may look very different what it is today, according to revelations by founder and Chairman Patanjali Keswani, in an exclusive chat with Business Insider. The goal is to unlock value. "Broader point is, in the next three to five years, I will sell every hotel I own and then, either own a part stake in it or I will sell it and lease it back for a very long period with assured returns," said Keswani, who is an alumnus of Indian Institute of Technology (Delhi) and Indian Institute of Management (Kolkata). How will the business make money? In some cases, the company will continue to own a part of the original stake. In the ones that are fully sold, the company will make money from the management of these hotels. "The new hotels, which are managed, I only charge a management fee. I, typically, get a seventh of the owner’s profit. Being asset light means seven hotels under management is the same as owning one hotel. It is a risk-free approach. We are right now very asset heavy," Keswani revealed. 
 
 <div type="ExtQuote" text="So who will buy this- people like pension funds, or insurance companies or even a sovereign fund- those guys who want a long-term assured returns." auname="Patanjali Keswani, Chairman and Managing Director, Lemon Tree Hotels"></div>





 But he is not in a hurry to sell. "The question is the right price. If I am willing to sell my hotels today, I am sure I will find a buyer but I want a certain price, which is a return on my risk for developing hotels. When you develop a hotel there are multiple risks -- there are land title issues, government approvals, financing, my equity-- and so, I want a return. Therefore, I will not sell it cheap," Keswani explained, adding that the stake sale will happen only when the business cycle turns around. And by most accounts, the <a href="https://www.businessinsider.in/business/heres-why-hotel-room-rates-in-india-may-double-in-the-next-3-to-4-years/articleshow/68664363.cms" data-type="tilCustomLink" target="_blank">recovery is right around the corner</a>. SEE ALSO: <a href="https://www.businessinsider.in/business/lemon-tree-hotels-is-eyeing-properties-in-new-york-bangkok-and-colombo/articleshow/68666574.cms" target="_blank">Lemon Tree Hotels is eyeing properties in New York, Bangkok, and Colombo</a> <a href="https://www.businessinsider.in/business/lemon-tree-hotels-loyalty-programme-smile-is-looking-to-ape-jet-privilege-and-plans-tie-ups-with-airlines-and-retailers/articleshow/68669196.cms" data-type="tilCustomLink" target="_blank">Lemon Tree Hotels' loyalty programme may open doors to new partnerships</a>

Lemon Tree will sell stake in all its hotels in 3 to 5 years: Chairman

<ul><li>India's largest budget hotel chain is looking to take its brand to more international cities.</li><li>Chairman <keyword id="6370083" type="UNKNOWN" weightage="20" keywordseo="Patanjali-Keswani">Patanjali Keswani</keyword> reveals interest in properties New York, Bangkok, and Colombo.</li><li>The properties in the new cities will be managed, not owned by, Lemon Tree Hotels.</li></ul> Lemon Tree Hotels is India's largest hotel chain targeting middle-income customers. And the company is looking to tap the international market for Indians who frequently travel abroad. Chairman and Managing Director Patanjali Keswani said that it is likely to close deals in the next six months to manage hotels in New York, Bangkok, and Sri Lanka and the talks are at different stages. "26 million Indians fly out of India every year. And this is expected to double in the next five years. These guys stay 3-5 days in the places they visit. Which is 100 million room nights. Two-thirds of them stay in 8 cities only- London, New York, Dubai, Bangkok, Singapore, Hong Kong, Colombo, and Kathmandu," Keswani said based on his findings. "Out of the 100 million room nights, 60-70 million are in these 8 cities. So, if I have loyal members why should I not have hotels in these cities? But I don’t want to put capital at risk. We said we will manage for others," he added. The company is betting <a href="https://www.businessinsider.in/business/lemon-tree-hotels-loyalty-programme-smile-is-looking-to-ape-jet-privilege-and-plans-tie-ups-with-airlines-and-retailers/articleshow/68669196.cms" data-type="tilCustomLink" target="_blank">big on its loyalty programme</a> to retain customers as well as for value creation. SEE ALSO: <a href="https://www.businessinsider.in/business/lemon-tree-hotels-patanjali-keswani-says-company-will-sell-stake/articleshow/68665953.cms" target="_blank">Lemon Tree will sell stake in all its hotels in 3 to 5 years: Chairman</a> <a href="https://www.businessinsider.in/business/lemon-tree-to-hire-a-cto-to-find-hotels-and-cut-costs/articleshow/68665032.cms" target="_blank">India's largest budget hotel chain is spending on technology instead of discounts</a>

Lemon Tree Hotels is eyeing properties in New York, Bangkok, and Colombo

<ul><li>Chairman Patanjali Keswani reveals plans to tie up with airlines and retailers in the future</li><li>The mid-market hotelier is looking to leverage the strength of its loyalty programme</li><li>The three-year old loyalty programme already has a million members, according to the company.</li></ul> <keyword id="136437" type="COMPANY" weightage="20" keywordseo="Lemon-Tree-Hotels">Lemon Tree Hotels</keyword>' Chairman and Managing Director Patanjali Keswani is looking to unlock value and the three-year old loyalty programme may be the ace up his sleeve. In an exclusive interview with Business Insider, Keswani revealed his future plans. "I can tie up with related companies like an airline and a retailer, and the members of my loyalty programme can redeem points in any of the three purchase points," he said. The boost to valuation Aside from opening doors to new partnerships, the loyalty programme may also offer a valuation boost. The now beleaguered Jet Airways' loyalty programme, Jet Privilege, had 8 million member, according to the annual report of 2017-18. However, even before that in 2017, the programme was valued at over a billion dollars. Lemon Tree Hotels currently has a million 'loyal' customers, but the company's market capitalisation is a little less than a billion dollars. 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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 Keswani is confident that the pace of member addition will only increase in the days to come. "In three years, I have data on a million customers, and am adding half a million customers or more every year. As I open more and more hotels, more and more people will join. Since I am tripling in size in the next 3-4 years, I will start adding 150,000 (loyalty programme) members a month. I will also hit 8-10 million (loyalty members) in the next 5 years," he said. SEE ALSO: <a href="https://www.businessinsider.in/business/lemon-tree-hotels-patanjali-keswani-says-company-will-sell-stake/articleshow/68665953.cms" data-type="tilCustomLink" target="_blank">Lemon Tree will sell stake in all its hotels in 3 to 5 years: Chairman</a> <a href="https://www.businessinsider.in/business/lemon-tree-to-hire-a-cto-to-find-hotels-and-cut-costs/articleshow/68665032.cms" data-type="tilCustomLink" target="_blank">India's largest budget hotel chain is spending on technology instead of discounts</a>

Lemon Tree Hotels' loyalty programme may open doors to new partnerships

<ul><li>The hotel chain posted a 80% fall in profits and posted a consolidated net loss of ₹19 crore in the last quarter of FY20.</li><li><keyword id="74790" type="PERSON" weightage="20" keywordseo="Lemon-Tree">Lemon Tree</keyword> expects its numbers to bounce back to normal only when a cure is found. The company said that it expects the May numbers to continue until September at least.</li><li>Given the situation, the hotel chain is hoping to raise ₹150 crore through a rights issue. </li></ul><keyword id="136437" type="COMPANY" weightage="20" keywordseo="Lemon-Tree-Hotels">Lemon Tree Hotels</keyword> poor quarterly results saw its shares jump by 5% as the market opened on Tuesday (June 2). The hotel chain posted a huge fall in profits but the board also approved a fundraising plan for ₹150 crore. The government’s decision to allow hotels to operate from June 8, also brought in some cheer in the market. <div type="javascript" title="Custom" contenttype="Image"><cdata><![CDATA[<div class="flourish-embed flourish-chart" data-src="visualisation/2672002" data-url="https://flo.uri.sh/visualisation/2672002/embed"></div>]]></cdata></div> The hotel chain posted a 80% fall in profits and posted a consolidated net loss of ₹19 crore in the last quarter of FY20, a big fall from the ₹33.6 crore profit in the same quarter the previous year. For FY20, its net losses stood at ₹21.6 crore. However, Lemon Tree expects its numbers to bounce back to normal only when a cure is found. The company said that it expects the May numbers to continue until September at least. Given the situation, the hotel chain is hoping to raise ₹150 crore through a rights issue. Due to the coronavirus pandemic, Lemon Tree hotels had to shut their doors from the beginning of the lockdown on March 25, even before that the fear of the virus had kept customers away. “The growing concerns around the spread of Covid-19 followed by the nation-wide lockdown announced by the central government impacted the operating environment for hotels significantly,” said Patanjali Keswani, Chairman &amp; Managing Director – Lemon Tree Hotels. The company also said that its revenue from operations were down by 76% in April 2020 on a year-on-year basis, whereas the expected numbers from May are set to be down by 70%. While the company has said it would not layoff permanent employees, it has announced a freeze in hiring as well paycuts across the management. “All discretionary spends like advertising, leased cars, etc.are paused. There will be a careful monitoring of all costs undertaken to achieve breakeven at Net EBITDA level in Q1 FY21,” said the company. SEE ALSO: <a href="https://www.businessinsider.in/careers/news/barclays-morgan-stanley-jll-and-others-hiring-senior-executives-during-the-coronavirus-lockdown/articleshow/76147578.cms">Barclays, Morgan Stanley, JLL and others hiring senior executives during the coronavirus lockdown</a>

Lemon Tree Hotels share price jumps by 5% as it looks to raise funds after 80% fall in profit

<ul><li>Indian hotels have had a long down cycle and it is now turning around, says <keyword id="6370083" type="UNKNOWN" weightage="20" keywordseo="Patanjali-Keswani">Patanjali Keswani</keyword>, founder of Lemon Tree Hotels.</li><li>Demand is growing faster than supply of new hotel rooms after a decade, according to analysts.</li><li>The changing dynamic in demand and supply may lead to a spike in hotel room rates.</li></ul> The wave is turning for India's hoteliers after a decade of anguish. The number of travellers seeking accommodation is growing faster than the rise in new hotel rooms for the first time since the global financial crisis struck a lethal blow. And Patanjali Keswani, the founder and chairman of Lemon Tree Hotels, believes the turnaround may be so strong that hotel rooms rates may double in the next three years. "My expectation is from October this year, for the next two years -- because it takes about five years for new supply to come in-- prices will keep going up. Then,the returns (on capital) will improve and new guys will plan their supply because then it will be a business worth investing in. But it will take a few years for that supply to come in. I guess, just like how it was the longest bottom-up cycle for hotels in India -- from 2009 to 2017-18 -- it will be a long top-up cycle because people who invested in hotels in India in the last 10 years have been so badly burnt, you will need a very brave guy to take a counter view. So my guess is, if you ask me what the room rates will be three to four years out, I will say it may be double of what they are today," Keswani said in an interview with Business Insider. Industry watchers agree with Keswani. Demand is expected to grow at a compounded annual rate of 6% until financial year 2022, that's one and a half times the 4% growth expected in new hotel rooms, according to advisors at Nirmal Bang Institutional Equities. Even now, average <keyword id="7487693" type="UNKNOWN" weightage="20" keywordseo="hotel-room-rates-in-india">hotel room rates in India</keyword> are still 30% below what they were at the end of March 2008, according to Axis Capital, which also sees definite signs of a turnaoround. Hotels raise prices when the occupancy rates cross 70% and the industry-wide rate last year was already at 68%, Keswani explained. Lemon Tree Hotels has an average occupancy of close to 80%, according to Keswani. The company has already hiked prices twice in the last two years. "In October 2017, we got a 13% price hike (in average room rate) and in October 2018 we got a 8.5% on a higher base. We are expecting similar, if not higher, price hike going forward because now, there is clearly a shortage of supply," he added. 
 
 
 
 
 
 
 
 
 
 
 
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 What will drive the demand? Aside from the slowdown in addition of new hotel rooms, Keswani projects a sharp spike in demand triggered by economic growth. "There are 3 parts of India. Half of India is earning less than $500 per capita- these are people who consume roti (bread), kapda (clothes), makaan (shelter), and mobile. Next 40% of India's population earns upto $2000 per capita. These are people who consume healthcare and education, which are non-discretionary to them, and some minor discretionary items- could be entertainment, leisure and a little bit of retail. The last 10% of India is upto $7000 per capita. This is the real consuming population of India, about 30 million households," Keswani explains, adding that when the economy grows there will be an exponential growth in the consuming population. According to him, if the per capita income grows 50% in the next seven years, the size of the big consuming segment will be thrice its current size. And that is the boom that the hoteliers like Keswani are waiting for. SEE ALSO: <a href="https://www.businessinsider.in/business/lemon-tree-hotels-patanjali-keswani-says-company-will-sell-stake/articleshow/68665953.cms" data-type="tilCustomLink" target="_blank">Lemon Tree will sell stake in all its hotels in 3 to 5 years: Chairman</a> <a href="https://www.businessinsider.in/business/lemon-tree-hotels-is-eyeing-properties-in-new-york-bangkok-and-colombo/articleshow/68666574.cms" data-type="tilCustomLink" target="_blank">Lemon Tree Hotels is eyeing properties in New York, Bangkok, and Colombo</a>

Here's why hotel room rates  in India may double in the next 3 to 4 years

<ul><li>Lemon Tree Hotels is putting together a unit that will be led by a chief technology officer.</li><li>The investment into technology will have three strategic goals, according to CEO <keyword id="6370083" type="UNKNOWN" weightage="20" keywordseo="Patanjali-Keswani">Patanjali Keswani</keyword>.</li><li>The company is looking to identify struggling hotels in buzzing locations.</li></ul>Average <keyword id="7487693" type="UNKNOWN" weightage="20" keywordseo="hotel-room-rates-in-india">hotel room rates in India</keyword> are still 30% below what they were at the end of March 2008, according to Axis Capital. While waiting for an imminent turnaround in the industry, Patanjali Keswani, the founder and chairman of Lemon Tree Hotels is putting together a technology team that will be led by Chief Technology Officer (CTO). While the CTO is yet to be hired, the goals have been defined. "Technology will not be a support function, but it will be a strategic function and we will share it with Hamstede," Keswani told Business Insider. Hamstede Living, is a joint venture between Lemon Tree Hotels and global private equity major Warburg Pincus, that will offer co-living spaces for young, urban professionals and housing for migrant students in Indian cities. Lemon Tree Hotels will have a 30% stake in Hamstede. There are three ways in which Keswani aims to use technology to boost his hotel business but this will not include internet of things (IOT). "You don’t need your phone to open your curtains. The mid-market customer does not want it," he said adding that,"I don’t agree with what a lot of these international guys are doing where they are spending a lot of money on what I currently feel are doubtful return on investments. You can have your cell phone doing everything in the room, but as a consumer myself that’s not a real delight. It’s going to cost me Rs 10 lakhs a room, but I am customers are not going to pay me even Rs 2 lakhs a year." 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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 So what is it that Lemon Tree Hotels wants from its CTO. Find struggling hotels in hotspots The company has developed an algorithm that will analyse and project traffic in key locations using a combination of data on airline traffic, average room rates, and other such data points that may be a proxy to predict demand for hotel rooms. The next step is to identify under-performing hotels within a market. "We may not go build a hotel there. But if someone has 55% occupancy in an area where the others have 80% occupancy, then, we move to human side. We can talk to the owner to either lease the hotel or let us manage it for a fee. We think, with our customer base and reach, we can improve your performance at cost and revenue level," he said. At the end of December 2018, over 30% of Lemon Tree Hotels' rooms were owned by others but managed by the chain in exchange for a fee, according to research by HDFC Securities. Enhance the loyalty programme A three-year old loyalty programme has played a big part in helping Lemon Tree Hotels retain customers. "I was astonished in the last five hotels we have taken under management, in three months, 20% of the hotels’ inventory has come from the loyalty programme. It’s an amazing number. Typically, hotels cash break-even (without accounting for interest cost) at 25% occupancy. If you include interest cost, the break-even point is at 40-45% occupancy. If in 3 months, I get 20% (from loyalty programme) which means you are at cash break even in 3 months, that too in a bad year. So, going forward, why would I not leverage this? We are going to invest more capital in our mobile site, in loyalty, and in technology," Keswani explained. Productivity and cost control How can technology help hotels save cosrs? "I have a call centre with 150 people who get thousands of calls everyday from customers. 80% of those queries are very, very repetitive and predictable. Therefore, I can put chatbots and reduce the headcount or improve the productivity," Keswani said. 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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 The other leg of the cost control was to implement a management information system (MIS). "We have ensured all our platforms talk to each other through a middleware. How do I get real-time data to control costs, to manage multiple aspects more efficiently? The MIS will help us respond faster," he added. SEE ALSO: <a href="https://www.businessinsider.in/business/heres-why-hotel-room-rates-in-india-may-double-in-the-next-3-to-4-years/articleshow/68664363.cms" data-type="tilCustomLink" target="_blank">Here's why hotel room rates in India may double in the next 3 to 4 years</a>

India's largest budget hotel chain is spending on technology instead of discounts

<keyword id="136437" type="COMPANY" weightage="20" keywordseo="Lemon-Tree-Hotels">Lemon Tree Hotels</keyword> is India's largest chain of budget hotels, valued at a little less than a billion dollars, in an industry that is yet to fully recover from the lethal blow of the global financial crisis of 2008. However, the company's chairman and managing director, <keyword id="6370083" type="UNKNOWN" weightage="20" keywordseo="Patanjali-Keswani">Patanjali Keswani</keyword>, is confident that a turnaround is just around the corner, and is invested accordingly. “By 2025, I will be in 143 cities in India. It is a specific number. Right now, I am in 31, with Keys I will hit 44. With all the other hotels I am putting, I will be in 66 cities. I need to do a little more than double in the next six years,” Keswani told Business Insider, adding that the company would have about 10,000 rooms commissioned by the end of March 2020 and “it will time nicely with the turning of the cycle.” <div type="javascript" title="Custom" contenttype="Video"><cdata><![CDATA[
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 Here are the five big takeaways from the exclusive chat with Keswani. <div type="Slideshow" msid="68680694" hostid="261" title="Business Insider Stack: All you need to know about the future plans of Lemon Tree Hotels" firstImageMsid="68680695" slideCount="5"></div>

Business Insider Stack: All you need to know about the future plans of Lemon Tree Hotels

<ul><li>China's push for rental housing startups ended up pushing local rentals through the roof, according to a Wharton University report. </li><li>OYO, <keyword id="2766908" type="PERSON" weightage="20" keywordseo="Nestaway">Nestaway</keyword>, <keyword id="3844186" type="PERSON" weightage="20" keywordseo="CoHo">CoHo</keyword> and <keyword id="136437" type="COMPANY" weightage="20" keywordseo="Lemon-Tree-Hotels">Lemon Tree Hotels</keyword> are working on similar models in India. </li><li>The report recommends mortgage trusts as a solution to keep rents under check and still allow co-living to be a viable business model.</li></ul>India's largest budget hotel chain is ready to kick off it's new venture, Hamstede, where private equity major Warburg Pincus will be a majority shareholder. "The board (of Lemon Tree Hotels) has approved an initial investment of $5 million," Chairman and Managing Director Patanjali Keswani told Business Insider. The company will have a 30% stake in Hamstede. And it's not the only one. A whole host of startups like OYO, CoHo, and Nestaway are growing fast. Consulting firm PwC has pegged the market for urban residential housing at $13.5 billion. Delhi-based CoHo had estimated the <a href="https://yourstory.com/2016/05/coho/" data-type="tilCustomLink" target="_blank">co-living market in India at $10 billion</a> in 2016. The model that Hamstede is built on is derived from the successes of three Chinese companies offering co-living spaces Mofang, Nova, and Zirooms, and another startup based in Hong Kong Weave. Warburg Pincus is an investor all these companies and all these firms played a part in the rental housing boom in China in recent years. The Chinese experience with co-living has an ominous sign for Indian tenants. President Xi Jinping pushed for the rental housing boom <a href="https://www.reuters.com/article/us-china-economy-houseprices-rent-analys/how-chinas-plan-to-develop-rental-housing-backfired-idUSKCN1LU0JA" data-type="tilCustomLink">but it backfired</a>. Despite the increased supply of homes, rents in China’s major cities soared in the double-digits. While the companies' valuations spiked, accommodation became unaffordable for many students and young professionals. In some cities, rents increased by as much as 30% between 2017 and 2018, according to <a href="http://d1c25a6gwz7q5e.cloudfront.net/reports/2019-03-08-E-House-Poly-FINAL.pdf" data-type="tilCustomLink" target="_blank">a study by Wharton University</a> released in March 2019. How co-living business works "Today if you live in Mumbai, and you work in Lower Parel, you cannot afford an apartment there. Your apartment will be in Borivali and travelling two hours one way everyday. I will put up a co-living space very close to Lower Parel but the trade-off is I will give you a far more compact living area, where you spend the night. The common area will be very social, where youngsters can hang in the evening, with a living room and an open kitchen and so on," Lemon Tree Hotels' Chairman Patanjali Keswani said explaining the model to Business Insider. However, in China, the rush build capacity home-owners borrowed heavily and companies bid generously for land parcels. The excess cost was passed on to the tenants, the Wharton study showed-- an important lesson as Indian startups chase the same opportunity. Big money is chasing these new co-living ventures. Not just Warburg Pincus, Tiger Global, and Singapore sovereign wealth fund GIC are all invested in the idea in different countries. As India opens up to co-living, tenants will be looking for affordability, particularly in big cities like Mumbai where rents are already beyond many people's reach. The solution The Wharton study recommends securitisation as a possible solution to keep both the rents and the financial pressure on companies low. Companies can raise money against the rents receivable and distribute the income as as dividends to shareholders. In formal terms, this will be a real estate investment trust. Both Mofang and Zirooms have raised money using this route in China, but retail investors are not allowed to invest in these securities yet, according to the report. If the experiment helps in cooling the Chinese property market, both owned and rental, this can become a new avenue for financing high-cost co-living projects without adding burden on the tenants. An idea Indian companies can borrow too. SEE ALSO: <a href="https://www.businessinsider.in/from-pgs-to-co-living-spaces-how-student-accommodation-is-changing-in-india/articleshow/65201577.cms" data-type="tilCustomLink" target="_blank">From PGs to co-living spaces: How student accommodation is changing in India</a>

China's experience with co-living should be a warning for tenants as well as companies in India

<ul><li>Knight Frank's latest report pegs the shortage of beds among university students in India at 8 million.</li><li>The report has also estimated that the shortage can rise to 13 million by 2025.</li><li>Lemon Tree Hotels which is investing in student housing under the Hamstede brand expects the new business to eventually help its hotels too.</li></ul>There are 34 million students in Indian universities and the available accommodation for them is nowhere close to necessary. "The purpose built student accommodation (PBSA) market in India is in its infancy, despite the country boasting one of the largest populations of undergraduate students in the world," Knight Frank said in its 'Global Student Property 2019' report. The net shortage right now is around 8 million right now and can rise to 13 million by 2025. And these are just in the big cities. Private property owners and hostels meet some of the demand but quite often, they do not meet the students' expected standards. In many places, landlords are reluctant to lease their homes to a student or a group of students due to fears of their own. Wherever there is unmet demand, there is an opportunity to make money. Investors have poured in about $100 million in the space so far but that's not enough either. About $1oo million have already been invested in creating spaces for migrant students but there is space for a lot more. How the investors view the opportunity "The market is 10 million students, who are not in the campus but are migrants, who are staying various types of paying guest type of accommodations," Patanjali Keswani of Lemon Tree Hotels told Business Insider earlier this year. Lemon Tree Hotels is the country's biggest chain of budget hotels, which is also expanding into other spaces like co-living and student housing under a different banner called Hamstede. Global private equity major <keyword id="6402698" type="UNKNOWN" weightage="20" keywordseo="warburg-pincus">Warburg Pincus</keyword> is an investor along with Lemon Tree Hotels in Hamstede-- which will be an associate company for Lemon Tree Hotels. However, Co-living and student housing will be sold under different brands. The board of Lemon Tree has approved an initial investment of $5 million (₹35 crores) in the joint venture. Including the share of Warburg Pincus and the debt Hamstede can raise over the equity, there will be a total investment of $50 million by the end of 2019. "To me this is exciting because these students are future mid-market, aspirational customers," Keswani added highlighting the potential for his mainstay hotel business. "The forecast is highly promising and is likely to offer investment opportunities in this alternate asset class for domestic and international investors” Knight Frank India CMD Shishir Baijal <a href="https://economictimes.indiatimes.com/industry/services/property-/-cstruction/student-housing-gets-investment-worth-usd-100-mn-in-2018-potential-to-attract-usd-50-bn-report/articleshow/69689476.cms" data-type="tilCustomLink" target="_blank">reportedly</a> said. SEE ALSO: <a href="https://www.businessinsider.in/business-insider-stack-all-you-need-to-know-about-the-future-plans-of-lemon-tree-hotels/articleshow/68680640.cms" data-type="tilCustomLink" target="_blank">SLIDESHOW: All you need to know about the future plans of Lemon Tree Hotels</a>

Indian students are short of 8 million beds-- and there's a lot of money to be made

New Delhi, Mar 31 () Online travel firm MakeMyTrip on Tuesday said it has launched 'Stays for Saviours' initiative to support temporary accommodation needs of the medical frontline force fighting COVID-19 at special rates. "This initiative has been rolled out in partnership with hotel chains and independent hotels that are pitching in to support our healthcare heroes across 26 states and 4 Union Territories", MakeMyTrip said in a statement. It will enable medical practitioners to discover and book from over 900 hotel properties across 200 cities in India on the MakeMyTrip app, it added. Many prominent hotel chains like The Park Hotels, IHG, Ginger Hotels, TreeHouse, Lemon Tree Hotels, Oyo Hotels, Keys Group, Sarovar Hotels, Royal Orchid, Citrus Group, Intellistay, Justa, Golden Tulip Hotels Chain, Lyvue group and hundreds of independent hotels have opened their doors at special rates for India's healthcare workers, MakeMyTrip said. On the initiative, MakeMyTrip Executive Chairman Deep Kalra said: "We are grateful for the courage shown by healthcare workers and we want to assist them by providing comfortable and subsidised accommodation options to these heroic first responders". The global outbreak of COVID-19 is making people live through extraordinary times and the exceptional service of frontline workers who are fighting this on behalf of humanity needs everyone's support and encouragement, he added. "Our initiative Stays for Saviours is made possible with the support of our valued partner hotels who share our sense of gratitude towards the medical fraternity that is standing tall to serve humanity during one if its toughest hours," MakeMyTrip Group CEO Rajesh Magow said. AKT SHW ANSANS

MakeMyTrip launches 'Stays for Saviours' initiative to support healthcare providers

With an aim to connect hotel and tourism industry, training partners and trained manpower, <keyword id="4116170" type="UNKNOWN" weightage="20" keywordseo="tourism-hospitality-skill-council">Tourism &amp; Hospitality Skill Council</keyword> (<keyword id="592380" type="ORGANIZATION" weightage="20" keywordseo="THSC">THSC</keyword>) has launched a digital skill grid. The digital platform - thsc.skillgrid.in - was unveiled by <keyword id="257024" type="PERSON" weightage="20" keywordseo="Arun-Nanda">Arun Nanda</keyword>, Chairman of THSC in the presence of industry and training partners. Tourism &amp; <keyword id="3466864" type="UNKNOWN" weightage="100" keywordseo="hospitality-skill-council">Hospitality Skill Council</keyword> (THSC) is a sector skill council for Tourism and <keyword id="68179" type="UNKNOWN" weightage="20" keywordseo="Hospitality-industry">Hospitality industry</keyword> under the <keyword id="161653" type="COMPANY" weightage="20" keywordseo="National-Skill-Development-Corporation">National Skill Development Corporation</keyword> (<keyword id="6380206" type="ORGANIZATION" weightage="20" keywordseo="NSDC">NSDC</keyword>). 
 
<a href="http://www.businessinsider.in/You-may-have-to-pay-an-extra-tax-for-eating-pizza-and-burgersafter-budget-if-PM-Modi-says-a-yes/articleshow/56736441.cms">ALSO READ: EATING OUT TO GET EXPENSIVE</a> 
 
This pioneering initiative is a strong step towards achieving the objectives of ensuring job opportunities to skilled candidates.Thsc.skillgrid.in currently has over 5000 candidates who have completed or currently undergoing training across Job-roles and states, available for the Tourism and Hospitality Industry to Engage. 
 During the launch, an Industry Meet was organized to connect all stake holders, industry leaders, HR Heads and vocational training partners in the skilling ecosystem. The event was attended by dignitary and officials from <keyword id="6358345" type="ORGANIZATION" weightage="20" keywordseo="CII">CII</keyword>, MSDE, other Sector Skill Councils and NSDC. Carlson Rezidor Hotel Group, <keyword id="6366667" type="COMPANY" weightage="20" keywordseo="Subway">Subway</keyword>, Lemon Tree Hotel Group, Hyatt Hotel, <keyword id="6409110" type="ORGANIZATION" weightage="20" keywordseo="Sodexo">Sodexo</keyword>, Leela Hotel, Chai Point, Balmer and Lawrie, InnerChef, JLL, Fortune Group, Omaxe, Taj Group.

Tourism and Hospitality Skill Council launched digital platform
to ensure job opportunities to skilled candidates

<ul><li>Despite a volatile market, these <keyword id="6354298" type="DEFINITION" weightage="20" keywordseo="Stocks">stocks</keyword> have seen a strong rally over last one month. </li><li>CG Power is up over 61% in the past one month.</li><li>Lemon Tree is up over 29% in the past one month.</li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider.</a> </li></ul>In a volatile market, each and every bet of yours needs a second thought. The Indian stock market is still recovering from the impact of COVID-19 pandemic. In the last one month, benchmark index <keyword id="6484188" type="COMPANY" weightage="20" keywordseo="sensex">Sensex</keyword> has gained 5%. But, these following stocks have stood out with its stellar rally in the past month — and here’s why. <table style="width:145.55pt;margin-left:4.55pt;border-collapse:collapse;mso-yfti-tbllook: 1184;mso-padding-alt:0in 5.4pt 0in 5.4pt"> <tbody><tr> <td style="width:97.55pt;border:solid windowtext 1.0pt; mso-border-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt"> Stocks </td> <td style="width:48.0pt;border:solid windowtext 1.0pt; border-left:none;mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt: solid windowtext .5pt;mso-border-right-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt;height:15.0pt"> Growth in last one month </td> </tr> <tr> <td style="width:97.55pt;border:solid windowtext 1.0pt; border-top:none;mso-border-left-alt:solid windowtext .5pt;mso-border-bottom-alt: solid windowtext .5pt;mso-border-right-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt;height:15.0pt"> Lemon tree </td> <td style="width:48.0pt;border-top:none; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;mso-border-right-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:15.0pt"> 29.26% </td> </tr> <tr> <td style="width:97.55pt;border:solid windowtext 1.0pt; border-top:none;mso-border-left-alt:solid windowtext .5pt;mso-border-bottom-alt: solid windowtext .5pt;mso-border-right-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt;height:15.0pt"> CG Power </td> <td style="width:48.0pt;border-top:none; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;mso-border-right-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:15.0pt"> 61% </td> </tr> <tr> <td style="width:97.55pt;border:solid windowtext 1.0pt; border-top:none;mso-border-left-alt:solid windowtext .5pt;mso-border-bottom-alt: solid windowtext .5pt;mso-border-right-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt;height:15.0pt"> Balaji Amines Limited </td> <td style="width:48.0pt;border-top:none; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;mso-border-right-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:15.0pt"> 16% </td> </tr> <tr> <td style="width:97.55pt;border:solid windowtext 1.0pt; border-top:none;mso-border-left-alt:solid windowtext .5pt;mso-border-bottom-alt: solid windowtext .5pt;mso-border-right-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt;height:15.0pt"> SBI card </td> <td style="width:48.0pt;border-top:none; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;mso-border-right-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:15.0pt"> 14% </td> </tr> </tbody></table> Lemon Tree is up over 29% in the past one month <keyword id="46252" type="PERSON" weightage="20" keywordseo="Motilal-Oswal">Motilal Oswal</keyword> has a ‘Buy’ rating for Lemon Tree with a target price of ₹33. “Lemon Tree Hotels’ cost-saving initiatives have aided in achieving positive Earnings before interest, taxes, depreciation and amortization (higher than the estimate). This is commendable in our view, especially at a time when hotel players have either reported or are likely to post EBITDA loss (for players yet to announce results),” the report said. The company has gradually made its hotels operational with 86% of its inventory operational in June compared to 58% in April. “Some cost-cutting measures shall also persist post-COVID-19, which should increase EBITDA margin by 500–700bp,” the report said. CG Power is up over 61% in the past one month CG power has been in the news for various reasons in the past month. The company in late July completed the divestment process of its subsidiary, CG Service Systems France SAS (SEFR). Last week CG Power and Industrial Solutions also informed stock-exchanges that Murugappa Group company Tube Investments of India would be investing ₹700 crore to acquire 51% stake in the company. Balaji Amines is up over 16% in the past one month The chemical manufacturing company, Balaji Amines shares, have been riding on the hopes of manufacturing gains amid the pandemic. Also being one of the essential item manufacturers, Balaji Amines saw relatively smooth business operations during the lockdown period. The company’s net profit rose 72.11% to ₹32.96 crore in the quarter ended June 2020. SBI Card is up over 14% in the past one month The shares of the second-largest credit card issuer SBI Card is expected to gain more in the coming days, according to Geojit Financial Services. The brokerage has a ‘Buy’ call with a target price of ₹851. Earlier on July 21, the company also posted a 13.80% year-on-year (YoY) rise in net profit at ₹393.29 crore for the quarter ended June 30. SEE ALSO: <a href="https://www.businessinsider.in/india/news/here-is-how-you-can-check-prime-minister-kisan-samman-nidhi-scheme-beneficiaries-list/amp_articleshow/75323061.cms" data-type="tilCustomLink">How you can check PM Kisan scheme beneficiaries status and list</a> <a href="https://www.businessinsider.in/india/news/pm-kisan-samman-nidhi-scheme-sixth-instalment-will-be-sent-to-10-crore-farmers-from-august-1/articleshow/76885301.cms" data-type="tilCustomLink">PM Kisan Samman Nidhi scheme's sixth instalment will be sent to 10 crore farmers from August 1</a>

Profitable stocks in last one month—Lemon Tree, CG Power, Balaji Amines Limited, SBI Card

<ul><li>After a complete halt during the COVID-19 pandemic, hotels in India are beginning to clock sales and are back on the path to recovery.</li><li>Most of the listed hotels have already shown a gradual quarter-on-quarter growth with their latest results for the October-December quarter of the current financial year.</li><li>The <keyword id="2173225" type="PERSON" weightage="20" keywordseo="travel-and-tourism">travel and tourism</keyword> industry seems to be an elated industry with the news of the COVID-19 vaccine being rolled out across the globe.</li></ul>The stocks of India’s hotel companies have rebounded in the past few months, as several indicators signal a recovery for travel and tourism. After a complete halt during the COVID-19 pandemic, hotels in India are beginning to clock sales and are back on the path to recovery. Here’s how India’s top hotel stocks have fared in the last six months <table style="border-width: initial; border-style: none; width: 468pt; table-layout: fixed;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Change in share price in last six months </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">IHCL </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">+36.77% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Lemon Tree Hotels </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">+50% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Chalet Hotels </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">+27.6% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">EIH Hotels </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">+28.5% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Mahindra Holidays and Resorts </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">+40% </td></tr></tbody></table> While most of the stocks are yet to recover to their pre-COVID levels, the recovery in the last few months have been fuelled by various reasons and especially, with the distribution of the COVID-19 vaccines. <cmsannotation type="cmsannotation" annotationid="Vaccine – shot of hope for travel and tourism" comment="subhead" text="Vaccine – shot of hope for travel and tourism">Vaccine – shot of hope for travel and tourism</cmsannotation> The COVID-19 vaccine rollout has started across the globe triggering hopes for people to go on leisure as well as business travel. “While we anticipate a gradual revival in corporate travel, leisure demand is already strong and this traction is expected to further increase in months ahead,” said a report by ICICI Direct dated February 12. <cmsannotation type="cmsannotation" annotationid="Resilience of hotels" comment="subhead" text="Resilience of hotels">Resilience of hotels</cmsannotation> Most of the listed hotels have already shown a gradual quarter-on-quarter growth with their latest results for the October-December quarter of the current financial year. Analysts say this is reflecting in their share price movement. “One is the business recovery, from a complete standstill gradually the businesses have started recovering. Secondly, they have done a good job of cost rationalisation during the pandemic,” Himanshu Shah of Dolat Capital told Business Insider. <div type="image" title="hotels." msid="81032343" hostid="261"></div> Even unlisted companies like OYO Hotels and Homes have seen a recovery in business thanks to “revenge travel”. The term gained popularity in China, after people having been stuck in a lockdown, started travelling within the country, just to get out of their homes. OYO said that during the Valentine’s Day weekend, its online traffic was up by 70% of pre-COVID levels. <cmsannotation type="cmsannotation" annotationid="Premium hotels will be the first to cater to demand" comment="subhead" text="Premium hotels will be the first to cater to demand">Premium hotels will be the first to cater to demand</cmsannotation> The coronavirus pandemic has changed a lot of things, and the most important of them all is our priority towards safety and hygiene. And that’s where premium hotels will have an edge over others as people travel more often. “Most of the listed stocks are premium hotels. Business and leisure travellers will now prefer branded names as they will still be cautious,” Kranthi Bathini, equity strategist at WealthMills Securities told Business Insider. Despite all the disruptions during the pandemic, travel and tourism is set to make a big comeback as Bathini puts it “man is made for mobilisation”. <cmsannotation type="cmsannotation" annotationid="Back on track for business" comment="subhead" text="Back on track for business">Back on track for business</cmsannotation> Hotel companies have also announced that they are now back on track with their plans for new hotels across the country. <table style="border-width: initial; border-style: none; width: 468pt; table-layout: fixed;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">New projects already under development or signed </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">To be completed by </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Chalet Hotels </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Commercial projects at Renaissance Complex, Powai, Mumbai Marriott Complex, Whitefield, Bengaluru </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q4FY23 &amp; Q4FY22 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Lemon Tree </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Lemon Tree Mountain Resort, Shimla Lemon Tree Vembanad Lake Resort, Alleppey, Kerala Aurika, Intl. Airport, Mumbai </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Mumbai project to be completed by 2022. </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">IHCL </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Signed six new hotels with over 1100 rooms in third quarter </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"> </td></tr></tbody></table> And that may translate into more business for hotels. “Despite investment activity being paused since March 2020, there are emerging signs of re-valuations and a slow demand revival, improvised cost structures and reduced profit levels in the next two years,” said a report by real estate services company JLL. SEE ALSO: <a href="https://www.businessinsider.in/business/corporates/news/info-edge-is-now-worth-almost-10-billion-even-with-its-profits-falling-for-five-quarters-in-a-row/articleshow/80925389.cms">Info Edge is now worth almost $10 billion even with its profits falling for five quarters in a row</a> <a href="https://www.businessinsider.in/science/space/news/from-ambani-adani-to-godrej-indias-treasure-trove-of-satellite-data-goes-beyond-helping-startups/articleshow/80989166.cms">From Ambani, Adani to Godrej — India's treasure trove of satellite data goes beyond helping startups</a>

You Searched For "lemon tree hotels chairman" and got 13 results

Lemon Tree will sell stake in all its hotels in 3 to 5 years: Chairman

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Lemon Tree Hotels' loyalty programme may open doors to new partnerships

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Lemon Tree Hotels share price jumps by 5% as it looks to raise funds after 80% fall in profit

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Here's why hotel room rates in India may double in the next 3 to 4 years

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India's largest budget hotel chain is spending on technology instead of discounts

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Business Insider Stack: All you need to know about the future plans of Lemon Tree Hotels

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China's experience with co-living should be a warning for tenants as well as companies in India

Sriram Iyer

Indian students are short of 8 million beds-- and there's a lot of money to be made

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MakeMyTrip launches 'Stays for Saviours' initiative to support healthcare providers

PTI

Tourism and Hospitality Skill Council launched digital platform to ensure job opportunities to skilled candidates

BI India Bureau

Profitable stocks in last one month—Lemon Tree, CG Power, Balaji Amines Limited, SBI Card

Navdeep Yadav

Indian hotel companies have shown resilience during the pandemic and now the markets are celebrating them

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