News: Lemon Tree Hotels revenue declined 16.8% sequentially to Rs 119.5 crore that was mainly impacted by omicron wave. The EBITDA margin took a further knock with higher operating costs as it included one-offs leading to company reporting net loss of Rs39.2 crore vs net loss of Rs26.7 crore last year.
Views: While performance was largely affected by omicron wave and one-time expenditure to the tune of Rs15 crore towards stamp-duty, the current booking trend suggest strong growth and margin outlook with normalization of business activity that will be further aided by opening of borders for foreign tourists.
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