Motilal Oswal sees weddings and business travel supporting hotel demand in 2HFY27
The brokerage expects weddings, corporate travel, meetings and events, alongside sustained pricing power, to support hospitality in 2HFY27. It reiterated Buy ratings on Indian Hotels, Lemon Tree Hotels and Ventive Hospitality, with respective share-price targets of ₹870, ₹140 and ₹750.
The development
Motilal Oswal reiterated Buy ratings with targets of ₹870 for Indian Hotels, ₹140 for Lemon Tree Hotels and ₹750 for Ventive Hospitality. It expects weddings, corporate travel, MICE activity and sustained pricing power to support India’s hospitality sector in 2HFY27.
The numbers
- Financial year: 2026-27
- Outlook period: 2HFY27
- Indian Hotels target price: ₹870 per share
- Lemon Tree Hotels target price: ₹140 per share
- Ventive Hospitality target price: ₹750 per share
Why it matters to operators and investors
Motilal Oswal reiterated Buy ratings on Indian Hotels, Lemon Tree Hotels and Ventive Hospitality, with respective targets of ₹870, ₹140 and ₹750, supported by its positive 2HFY27 demand outlook.
What to watch next
- Wedding and meetings booking pace, cancellations, guest counts and booking lead times.
- Average daily rate and revenue-per-available-room growth versus occupancy growth.
- Midscale and peripheral-market occupancy gains relative to premium urban hotels.
- Banquet revenue, ancillary spend and operating margins after labour and vendor inflation.
- Corporate negotiated-rate resets, package concessions and new room openings in key markets.
The counter-case
Wedding demand is seasonal, while corporate travel and events are sensitive to budget cuts. Sustained pricing power is an assumption: higher room rates could deter bookings, and new supply or rising operating costs could weaken earnings conversion. Reiterated Buy ratings without disclosed forecast upgrades offer limited new evidence; the positive outlook may already be priced in.