AM Karthik, Senior Vice President & Co-Group Head - Financial Sector Ratings at ICRA forecasts growth of 16-17% this year, tapering to 14-15% next year, with the higher base being a key factor.
The CEO also said he is ‘bullish’ on the potential for stock sales, including initial public offerings in 2025.
Cyclicality and overbuilding in the industry present risks for shareholders. Typically, US lodging recoveries last five to nine years, but the upcycle ending in 2019 lasted 10 years.
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