News > Lemon Tree to IHCL: Hospitality firms expect growth despite Q1 disappointment

Lemon Tree to IHCL: Hospitality firms expect growth despite Q1 disappointment

Shares of Indian Hotels Co., Lemon Tree Hotels Ltd., Chalet Hotels Ltd. and EIH Ltd. have been under pressure in the past month, with 6-20% revenue growth against 16-26% last year. Growth took a backstep this quarter owing to multiple momentary industry headwinds. Fewer wedding days during the quarter, which is seasonally strong for weddings, hit the MICE (Meetings, Incentives, Conferences, and Exhibitions) segment.