Expect strong demand, occupancy in Q3, Q4 after subdued 1st qtr: EIH Ltd

Hospitality major EIH Ltd expects strong demand and occupancy in the third and fourth quarters of this fiscal after witnessing moderation in the April-June period due to elections and heatwave, according to its Managing Director and CEO Vikram Oberoi.

The impact of this year's general elections on demand was higher compared to the previous elections, he told analysts.

"Really, as a function of supply and demand, we had the election this year and I think at least our analysis shows that when compared to previous elections, which we looked over the previous election, we looked at the impact on this election has been more than in the previous election. We looked at the last election as well," Oberoi said.

Besides, he said in many cities in Rajasthan where the company has leisure hotels and in Agra, temperatures have been extremely high this summer.

"We still remain optimistic that foreign travel is bouncing back. And with strong Indian demand from the domestic market for luxury hotels