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Feb 13
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LONG
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Puneet Atwal
Managing Director & CEO, Indian Hotels Company Ltd (IHCL)
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The speaker highlights the "doubling of the number of airports in India" and explicitly mentions "new planes coming in ordered by... Indian Indigo." Hotels are a second-derivative play on travel infrastructure; Airlines are the first derivative. If the government is doubling airports and the dominant domestic carrier (Indigo) is aggressively expanding its fleet to meet "quadrupled" demand, Indigo is the primary beneficiary of this infrastructure CAPEX cycle. LONG. The hotel CEO's bullishness on airport infrastructure directly validates the growth thesis for the dominant airline. Fuel price volatility and currency fluctuations (USD/INR). |
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