As the economy is now coming out of pandemic induced pain, the company is also gradually moving to its full functionality with operational inventory increasing from 71.5% in Q1 to 86.8% in Q2 and 91.2% in Q3. Although, improvement is getting visible in tourist destinations, recovery in corporate travel will take at least eight to 12 months due to ongoing work from home policy. We model occupancy of 47%, 60% and ARR of | 3180, | 4455 in FY21E, FY22E, respectively. LTH has taken measures to curtail costs, by taking salary cuts, re-negotiating contracts, reducing repairs costs, reduction...