Indian Hotels Company Ltd. (IHCL) reported an all-round Q3FY20 performance. The company reported net sales of Rs13,727 mn (+3.7%YoY). The growth was driven by healthy RevPAR growth across key markets where IHCL has a strong presence. EBITDA came in at Rs4,257 mn (+26.9%YoY), while EBITDA margin improved by healthy 566bps YoY to 31%. Net profit stood at Rs2,132 mn, up by 25.4% YoY. Hospitality industry is seeing early signs of ARR revival, which otherwise was limited to only growth in occupancy. The industry's RevPAR growth improved by 300bps over last quarter to 5.5%, which was driven by demand-supply gap of 220bps at 2.5% and 4.7%...