Rakesh Jhunjhunwala portfolio: Motilal Oswal bullish on this hotel stock
Revenge tourism has led to an increase in ‘staycation’ bookings in metros. The brokerage believes that a similar trend is expected to continue in the medium-term. The industry is expected to project accelerated growth in 2HFY22 across domestic and international hotels, it said.
Motilal Oswal expects a gradual/sharp recovery in FY22E/FY23E on a low base, improvement in ARR once things normalize, improved occupancies, positivity in cost rationalization efforts in FY21, an increase in F&B income as banqueting/conferences resume, and higher income from management contracts.
"New revenue generating avenues have a higher EBITDA margin, and this is being done without deploying capital or with very minimal capital, which bodes well for RoCE. We maintain Buy rating on the stock," the brokerage added.
Its international business also witnessed traction. Hotels in London and Cape Town saw good demand during the last 10 days of 1QFY22. Indian Hotels has a presence in New York and San Francisco which have shown a higher resilience with respect to spread/control of COVID-19.
The US government has allowed fully vaccinated people to travel, which in turn, as per Motilal Oswal, is expected to push international travel. In the medium term, the region is expected to perform well.
As per the BSE shareholding pattern of Indian Hotels, Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala hold 1.05% stake each in the company as of June 2021 quarter.
Indian Hotels (IHIN) manages a portfolio of Hotels, resorts, jungle safaris, palaces, spas, and inflight catering services. It offers services across four continents, 12 countries, and in over 80 locations.
The views and recommendations made above are those of individual analysts or broking companies, and not of Mint.
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With an incredible Canadian rocky mountain setting, the iconic Banff Springs Hotel is one of the most photogenic hotels in the world. This collection of Banff Springs Hotel images celebrates the storied history of this luxury Banff hotel built by CP Railways in 1988.
This collection of Banff Springs Hotel pictures are primarily from Banff postcards from the 1900s to the 1940s. We have presented them by decade. Best efforts have been made to present accurate dates for these historical Banff Springs Hotel images, but in most cases the actual date cannot be 100% verified.
This post contains compensated links.
Banff Springs Hotel Images from 1900s
By the turn of the century, the Banff Springs Hotel had become one of the top resorts in North America. Eager to capitalize on its growing international fame, the Canadian Pacific Railway expanded and renovated the Banff Springs Hotel on an annual basis. The Banff Springs Hotel pictures from this decade showcase its wilderness setting, with Mt. Rundle and the Bow River making an appearance in most images.
Book your stay at the Banff Springs Hotel today!
Banff Springs Hotel Pictures from 1910s
The popularity of the Banff Springs Hotel resulted in many esteemed guests being turned away due to capacity issues. As a result, the CPR decided to ramp up their expansion efforts. As you can see from these Banff Springs Hotel images, the decade between 1910 and 1920 resulted in major changes to the hotel.
On back of postcard:
“The Banff Hotel, owned and operated by the Canadian Pacific Railway, is located at Banff in the Canadian Rockies. It is the head quarters of the Canadian National Park, an area of 5,732 square miles, embracing parts of the Bow, Spray and Cascade Rivers, Lake Minnewanka [sic] and several magnificent mountain ranges. It is the largest park in the world, being nearly half as large again as the famous Yellowstone Park.”
Banff Springs Hotel Images from 1920s
Disaster struck the Banff Springs Hotel in March 1926, when a massive fire destroyed much of the beloved Banff hotel. Repairs were conducted with remarkable speed and the hotel reopened in phases between July 1926 and 1928. The final 1920’s Banff Springs Hotel image showcases the new fire resistant hotel constructed from steel, concrete and stone.
To: Master T. Image
Springs Hotel, Banff
“Had a long run through the Prairies on Monday between Winnipeg & the Rockies.
Dear Tom: Arrived here Tuesday morning 8:45, staying here for a few days. This is in the Canadian Rocky Mountains & the most lovely spot we have yet struck. Mountains all round the Hotel & snow is on them all the year round. Ma & I have had a lovely swim in the sulphur pool this afternoon. This pool is filled by a warm spring. It was snowing here this morning.
Postmark Date: 1920-06-24 Banff, Alberta
Browse Banff Springs Hotel Prints and Artwork
Banff Springs Hotel Photos from 1930s
As you can see from the 1930’s Banff Springs Hotel pictures, the reconstructed hotel was nothing short of remarkable. Many described the 1930’s as the Banff Springs Hotel most glamorous decade, which was capped with a visit by King George VI and Queen Elizabeth in 1939.
To: Mr. & Mrs. Ainslie
“Dear folks: Fun and frolic. Please try and come out on Sunday cause I’m lonely, miserable, and sick, but having fun. Deep in planning stunts with kids, church services with leaders. [?] new potatoes. Up to now, good meals but insufficient. Last night it poured and wouldn’t [?] … everyone had diarrhea (I think) except me. [Anne?]“
A Castle in the Wilderness: The Story of the Banff Springs Hotel
Banff Springs Hotel Images from 1940s
With the onset of World War II, international tourism dropped, impacting the Banff Springs Hotel. The hotel closed its doors from 1942 to 1945 to support the war effort.
Dated: August 9, 1948
“Hello [?], We are here in Banff for the night. Cool today and quite chilly tonight – raining every other [?]. Wonderful mountains all around. We leave tomorrow for a motor trip to Lake Louise & will get back on the train tomorrow night. Hope you are ok. Love Elianior”
Top Banff Springs Hotel Deal
Are you an Albertan looking for a staycation in the Rocky Mountains? The Banff Springs Alberta resident rate offers locals up to a 30% discount on room rates!
Not from Alberta? See even more Banff Springs Hotel deals.
Sources of the Historical Banff Springs Hotel Pictures
The historical Banff Springs Hotel images within this collection of photos were sourced from the Internet Archive. Every effort has been taken to ensure copyright law has been respected. If you have a copyright concern, please contact us at info [at] travelbanffcanada.com with details.
More About the Fairmont Banff Springs
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