CLSA has initiated coverage on Juniper Hotels with a ‘Buy’ rating and a target price of ₹430 per share, implying a 17% upside in stock price. Juniper, India’s largest owner of Hyatt properties, is strategically positioned to benefit from a cyclical uptrend in the hospitality sector. CLSA forecasts a 16% EBITDA CAGR over FY25-27, supported by strong demand growth, improved occupancies, and rising room rates at flagship properties such as Grand Hyatt Mumbai.
The brokerage underscores Juniper’s ability to capitalize on high barriers to entry in the luxury hospitality space, making it a key beneficiary of India’s growing tourism sector.
Recent Developments: The Indian hospitality industry reported robust demand during the recent festive season, with occupancy rates touching pre-COVID levels. Juniper Hotels has also announced plans to expand its portfolio with new properties in Tier-1 cities.
