ITC

Hotels or IHCL stock? Goldman Sachs latest view on both; one gets BUY rating while other is left with Neutral - Here’s why

Global brokerage Goldman Sachs has shared its latest view on India’s hotel sector. It maintained a ‘BUY’ rating on IHCL (Indian Hotels Company Limited), while keeping a ‘Neutral’ rating on ITC Hotels, citing a mixed near-term outlook but stable long-term prospects. Here’s why. According to the global brokerage report, India’s hotel sector, IHCL and ITC hotels, is facing near-term demand headwinds. This is because of weaker foreign tourist arrivals (FTA) and rising domestic airfares, which are making travel more expensive and slightly reducing demand. These factors are expected to impact hotel occupancy and pricing in the short term.