Samhi Hotels · tone and specificity signals across the available quarters.
Language signals
The revenue growth in the midscale segment which has the highest impact of GST also showed a revenue growth of 16% and 14% respectively. The alignment needs to happen in the reporting. The actual number continues to be reasonably strong especially given December was almost a 3-week wipeout.
Hotels which have an average rate of 13,000 rupees are already priced for 20,000 rupees in the month of February. The dependence on the locked-in RFP prices for the year and its impact on the average reported room rate is kind of diminishing every year. We're not worried.
We are sitting in a very comfortable situation and most of our current discussions on pipelines are all variable leases which do not require us to put cash up for acquiring an asset. It only requires us to do investment on fit outs.