The Indian hospitality sector, as per many experts, is likely to experience the world’s fastest rate of hotel growth.
It is anticipated that the industry could be worth a staggering USD 300 billion in the upcoming years with growth prospects expected to be reasonably constant over the next decade.
The top Indian hotel stocks that are likely to lead India’s hospitality sector towards the uptrend are:
Indian Hotels Company Ltd: It is one of the most popular choices in the list of hospitality sector stocks. The company and its subsidiary are primarily engaged in the business of owning, operating, and managing hotels, palaces, and resorts. Its portfolio comprises not only premium and luxury hotel brands but also includes F&B, wellness, salon, and lifestyle brands. The company’s brands include Taj, SeleQtions, Vivanta, Ginger, ama Stays and Trails, Qmin, The Chambers, etc.
EIH Limited: The Oberoi Group, one of India’s biggest chains of luxury hotels is led by EIH Limited. The Oberoi, Trident, and Maidens hotels - three well-known brand names - are all operated by them. They have been acknowledged by the International Hospitality industry for their excellent detailed service. The group now owns and operates 10 five-star hotels under Trident and 20 extraordinary hotels under the Oberoi Hotels and Resorts umbrella.
Chalet Hotels Ltd: It is a K Raheja Corp Group subsidiary that runs seven 5-star hotels in Mumbai, Hyderabad, Bengaluru, and Pune. It owns renowned brands like Marriott and Four Points in Mumbai and Bengaluru. The company’s segment also includes real estate and rental/annuity business.
Lemon Tree Hotels Ltd: It is the largest chain in the middle-priced hotel industry in India. It owns hotels ranging from super luxury to economy in more than 87 locations throughout India.
Byke Hospitality Ltd: It is one of India’s quickest-growing hospitality groups which has 21 hotels in 9 states and 16 cities. It serves upon the distinctive pure vegetarian hotels and resorts theme. They provide modern hospitality services with a nod to the ‘Atithi Dev Bhavah’ maxim found in traditional Indian culture.
The hotel industry in India is the one to keep an eye on in the coming months because demand is anticipated to be strong during the upcoming holiday season and occupancy rates are also rising.
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