Buy Ventive Hospitality; target of Rs 610: Choice Institutional Equities

Moneycontrol • 1 day ago

Original source

Key Investment Pillars

  • VENTIVE's Maldives portfolio delivered strong growth, with revenue up 20% YoY and EBITDA up 22% YoY, driven by improved occupancy and TRevPAR.
  • The company's luxury pipeline, including the Ritz-Carlton Reserve, is expected to drive growth, with over 1,500 keys under development.
  • India occupancy is guided above 70% with ARR north of INR 14,500 in H2FY27E, supported by the wedding season and improving air traffic.
  • The management expects mid-teens revenue and EBITDA growth in H2FY27E, driven by the seasonally stronger half.

Thesis Validation Checklist

  • Watch for pipeline execution, including the opening of new properties such as AC by Marriott, Whitefield and Varanasi Marriott.
  • Monitor India occupancy and ARR, as well as TRevPAR growth in the Maldives.
  • Track the company's ability to manage costs, including diesel prices and inflationary pressure.
  • Look for signs of market share gains in the Maldives and India, driven by the company's luxury offerings.