Hotel Leela Venture Limited (Initial Coverage) - Fundamental Company Report

Date: September 22, 2010
Pages: 11
Price:
US$ 300.00
Publisher: Omi Advisories
Report type: Brief Review
Delivery: E-mail Delivery (PDF), E-mail Delivery (Word)
ID: H1432EB1A50EN
Leaflet:

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Hotel Leela Venture Limited   (Initial Coverage) - Fundamental Company Report
Hotel Leela Venture Limited (Initial Coverage) - Fundamental Company Report Including Financial , Business, Recent Development, Industry Overview, Competitors and Key Risk Analysis

Hotel Leela Venture Ltd. is part of Rs. 4.50bn Leela group. Currently Leela operates six 5-star deluxe hotels and they are located in Mumbai, Bangalore, Kerala, Udaipur, Gurgaon and Goa. These six hotels have 1,523 rooms in total and have 90 service apartments. Mumbai and Goa hotels of the company are two best hotels in India and have won many international acclaims. The details of the six hotels, which are currently under operation, are given below:

1. The Leela Kempinski, Mumbai

This hotel has started commercial operation since 1986 and has 396 rooms. This hotel is owned and operated by Leela.

2. The Leela Kempinski, Goa

This 186 room 5-star deluxe hotel has started operation in 1991. This is also owned and operated by Hotel Leela.

3. The Leela Palace Kempinski, Bangalore

Started operation in 2001, this hotel has 357 rooms and it is also owned and operated by Leela.

4. The Leela Kempinski, Gurgaon

This facility has started operation in 2009 and has 322 guest rooms and 90 residential apartments. This hotel is operated by Leela through a management contract.

5. The Leela Palace Kempinski, Udaipur

This facility of Leela has 80 rooms and it has started commercial operation in 2009. This is owned and operated by Leela.

6. The Leela Kempinski Kovallam Beach, Kerala

Leela acquired this hotel in 2005 and it has 182 rooms. Currently it is owned and operated by Leela.

India’s performance in tourism sector has been quite impressive. During period 2002-2009, India witnessed an increase in the foreign tourist arrival (FTA) from ` 2.38 mn to ` 5.11 mn. Due to global economic slow down, the growth rate in FTA during 2009 fell 3.3%. The year witnessed a contraction in global tourism by 4.3%.

Tourism plays an important role in the Indian economy. It is the third largest generator of the Foreign Exchange earnings (FEE). Tourism contributed around 6% to the GDP of the country and employs the largest labour force. FEE from tourism also increased considerable between 2002 and 2009 i.e. from ` 150.64bn of 2002 to ` 549.60bn of 2009. The growth of FEE in 2009 stood at 8.3% in comparison with 2008. The travel and tourism economy is expected to grow at a rate of 7.7% between 2010 and 2019. The tourism in India has been classified into medical tourism, wellness tourism, heliport tourism, adventure tourism, caravan tourism and cruise tourism.
1. SYNOPSIS

2. FINANCIAL PERFORMANCE

3. RECENT DEVELOPMENTS

4. BUSINESS

5. INDUSTRIAL OVERVIEW

6. FINANCIALS

7. OUT LOOK & CONCLUSION/ VALUATION

8. PEER COMPARISON 9. KEY RISKS
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