Lemon Tree Hotels: GST 5% Boosts Demand, Offsets ITC Loss for 50% Rooms | Patanjali G Keswani #ETNOW
Lemon Tree Hotels: GST 5% Boosts Demand, Offsets ITC Loss for 50% Rooms | Patanjali G Keswani
Lemon Tree Hotels’ CMD Patanjali G Keswani views GST 2.0’s 5% rate (without ITC) on rooms under ₹7,500 as net neutral: ITC loss offset by demand surge for ~50% of portfolio. Aurika Nehru Place (500+ keys, ₹150-200Cr EBITDA add) debuts upscale NCR presence; recent signings in Nashik, Pune, Dehradun, Pushkar, Ajmer, Bodh Gaya align with 80-85% urban asset-light expansion in 180-200 cities.
#gst2hotels #lemontreehotels #aurikanehruplace #patanjalikeswani #hospitalityexpansion #navratridemand #itcimpact #assetlightgrowth #indiatourism #atmanirbharhospitality #etnow
control your money with economic times now.
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