Macquarie has initiated coverage on Chalet Hotels with an ‘Outperform’ rating, setting a target price of ₹1,100 per share, implying a 61.6% upside potential from the current market price of ₹680.80.
The brokerage highlights that Chalet is well-positioned to benefit from rising business travel demand and a shortage of quality hotel inventory, which should support strong pricing power and occupancy rates.
Macquarie expects accelerated top-line growth for Chalet Hotels, with operational leverage driving a 20% revenue CAGR and 23% EBITDA CAGR over the next few years.
With high-growth potential, favorable industry dynamics, and strong earnings visibility, Macquarie remains bullish on Chalet Hotels’ long-term prospects.
Disclaimer: The above article is for informational purposes only and does not constitute financial advice. Investors are advised to consult their financial advisors before making any investment decisions.
