IHCL to grow at a CAGR of 52%: India Infoline
Business analyst company India Infoline has tipped IHCL (Taj) to grow at 52%.
With an uptick in the domestic and global economy, travel and tourism is poised to take off. Indian Hotels derives 21% sales from tier I cities, where rebound in corporate travel has already begun.
A better economic scenario and the consequent boost in consumer sentiment will lead to an improvement in occupancies across its leisure properties.
It is expected to grow EBITDA at a CAGR of 52% over FY10-12, compared to the 16% CAGR forecasted for its global peers.