TAJ GVK Hotels & Resorts Limited

TAJ GVK Hotels & Resorts Limited is engaged in the business of owning, operating & managing hotels, palaces, and resorts with the brand name of TAJ. The company's business activities include short-term accommodation activities, restaurants, mobile food service activities, event catering, and other food services activities. It offers products and services such as rooms, food, and beverage.

Its properties include Taj Krishna, Taj Banjara, Taj Deccan, Vivanta by Taj, Taj Chandigarh, and Taj Club House. The Taj Krishna property is a five-star deluxe property with over 260 room inventories. The Taj Banjara property has over 120 rooms. The Taj Deccan property has over 150 rooms and offers a range of business requirements from rooms spread across various categories to banqueting facilities. The Vivanta by Taj is a five-star hotel with over 180 rooms.

The Taj Club House has approximately 220 rooms. The company serves various markets Hyderabad, Chandigarh and Chennai. The hotel and hospitality sector has started to experience a sharp recovery, this year, as the Covid pandemic contamination eases across the nation.

Additionally, employees salaries, increments, and new recruitments are also increasing in line with the growth of the sector. It is anticipated that with further ARR improvement, the normalization of economic activities and development in occupancies are going to be driven by business travel and leisure travels. Buy on declines for price target of Rs300 in medium term.