Low Equity RatioA low equity ratio implies a relatively small equity cushion versus total assets, increasing vulnerability to asset shocks or sudden revenue declines. This structural weakness can limit capacity for large, equity-funded investments and heighten refinancing or solvency risk in downturns.
Moderate LeverageWhile not excessive, the company's leverage reduces financial flexibility compared with peers with lower debt. Interest and principal obligations can constrain cash allocation and raise risk during travel-sector slowdowns, limiting the ability to pursue opportunistic investments.
Concentration In Travel & HospitalityHeavy exposure to hotel and accommodation operators ties revenue to travel demand and industry cycles. Structural reliance on a single end-market raises sensitivity to macro downturns, regulation or shifts in travel patterns, which could depress bookings and renewals over months.