Hospitality Industry Showing Encouraging Signs of Growth - Chart Of The Day 11 June 2018 - Equitymaster

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Hospitality Industry Showing Encouraging Signs of Growth
Jun 11, 2018

A decade-long story which is yet to pick up is the Indian Travel and Tourism industry. Though in recent times, we have seen signs of revival in Hotel stocks.

Recent data on arrival of tourists have also been encouraging. Foreign tourist arrivals have seen an average growth of nearly 10% annually over the past 5 years.

Ease in the visa arrival process, vast cultural diversity of the country, and inexpensive currency has attracted foreign tourists in numbers. Occupancy levels across hotels have also been constantly rising. Visa on arrivals have grown from 0.04 million to 1 million over the past two years.

My colleague Kunal is certainly intrigued by this growth. So much so, that one company from this space is on his radar as a potential Smart Money Secrets recommendation.

Data Source: IBEF

This Chart Of The Day was published in The 5 Minute WrapUp - Do You Feel Like Selling All Your Stocks Now?

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