● Neutral for Indian equities
Germany targets two-fold rise in Indian tourist overnight stays by 2030
The brief
- Germany aims to double annual overnight stays by Indian visitors by 2030
- Fleur to deploy $1 bn as Lemon Tree splits ownership, management businesses
- Lemon Tree targets 9,000-room Fleur portfolio before listing, sees demerger unlocking value
- Prestige Estates raises ₹3,000 crore from CPPIB for hospitality arm
- CPP Investments buys 27% of Prestige’s hospitality arm for ₹3,000 crore
- Equity capital inflow in real estate, data centre, hotel assets doubles to USD 9.5 bn in Jul-Sep: CBRE