The hotel industry is a very important part of the Indian economy.
The industry is labour intensive and is a big job creator. It accounts for about 8% of the total employment in India. It provides employment to about 40 million people in the country.
The industry has bounced back after taking a massive blow due to the covid lockdowns. As per the Federation of Hotel & Restaurant Associations of India (FHRAI), the Indian hotel industry took a hit of about US$ 18 bn in revenue in FY21.
However, travel and tourism demand recovered strongly as people began travelling for leisure once again.
As per India Brand Equity Foundation (IBEF), the entire travel market in India, which is a good proxy for the growth of the hotel industry, is projected to reach a size of US$ 125 bn by FY27. This is up from US$ 75 bn in FY20.
A key driver for growth of the hotel industry is tourism, both domestic and international, which in turn rests on the solid foundation of the geographical and cultural diversity of India.
The hotel industry in India is expected to grow its revenue from US$ 32 bn in FY20 to US$ 52 in FY27.
The entire travel and tourism industry (including hotels) is strongly supported by the government, at the center and state levels, through various programs.
For a list of hotel stocks in the market please click here.
Also do read Equitymaster's hotel sector report.
Apr 26, 2024
ITC shares will remain in focus ahead of its shareholder meet for demerger of the hotel business on 6 June 2024.
Apr 3, 2024
The lock-in period of over 66 companies is set to expire in the next three months. Here are the top stocks to keep an eye on.
Mar 26, 2024
IPL 2024 becomes new investing theme. Here are 5 stocks in focus.
Feb 17, 2024
From grey market premium to price band, here's everything you need to know about the upcoming IPO of this hotel company.
Jan 20, 2024
How will the Ram Mandir inauguration impact specific stocks? Find out...
Dec 29, 2023
The Indian travel and tourism industry is gearing up for robust growth. This smallcap software company is poised to fly high with the boom in the hospitality industry.
Sep 11, 2023
What are the prospects for the stock of ITC? Find out...
Aug 28, 2023
Has the bull run in ITC come to an end?
Jul 26, 2023
Such stocks could potentially offer you as much as 3x the Sensex returns.
Jul 21, 2023
From a technical perspective, the stock price has broken out of a long-standing resistance zone.
Apr 17, 2024
Here's why the seasoned investor added this hotel stock that has gained 100% in a year.
Apr 1, 2024
With Tata Group stocks soaring over Rs 9 trillion in FY24, these Tata Stocks gave a mind-blowing returns of over 85%.
Feb 21, 2024
Both these companies share contrasting tales on how far they've come to launching their initial public offers this year. Read on...
Feb 12, 2024
The online travel aggregator is aggressively looking to grow its air ticketing business.
Jan 10, 2024
Shares of the company have already shot up by 50% in the past five days.
Dec 20, 2023
Not Tata Technologies or Tata Elxsi, this little-known stock emerged as the star performer of 2023 among the 29 Tata group stocks.
Aug 31, 2023
Shares of Indian Hotels have zoomed 7% in two days to hit a new 52-week high. Here's why.
Aug 11, 2023
Such stocks could potentially offer you as much as 3x the Sensex returns.
Jul 25, 2023
What will happen after ITC hives off ITC Hotels? Continue reading to know more about the ITC Hotels demerger, share split ratio, and more.
May 11, 2023
Which stock could ride the AI megatrend in India?