Q3 2024 Mahindra Holidays and Resorts India Ltd Earnings Call Transcript
Ladies and gentlemen, good afternoon, and welcome to the Mahindra Holidays & Resorts India Limited Q3 and Nine Months FY24 earnings conference call. (Operator Instructions) As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Mr. Kavinder Singh, Managing Director and CEO. Please go ahead.
Good evening, everyone, and a very warm welcome to our quarter three FY24 earnings call. On the call with me today, we have Mr. Ram Mundra, our Interim CFO. You can find our quarterly results and investor presentation referred to in our remarks today on the stock exchanges and our company website. I sincerely hope you have had a chance to go through them.
I think let me start little bit with the industry, at an industry level, occupancy is around stable at around 61% to 63%. Our ADRs were trending significantly higher at around INR 8,500 in December, mainly due to the aftereffects of the events like G20
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