Category: Enterprise Value (EV)

India’s Hotels: Record IPO & High EV/Room Globally

In the global hotel industry, major players like Marriott, Hilton, and Accor have adopted a franchise-plus-management model, which helps them scale rapidly without increasing debt and capital expenditure. This approach results in their enterprise value being based on fee-based income rather than real-estate holdings, leading to lower EV/room metrics. While this may differ from India’s […]