The Covid 19 pandemic was a difficult phase for various businesses, the hospitality sector being most affected. While strict lockdowns led to a ban on travel and affected luxurious hotels directly, the hotel stocks hit rock bottom. In March 2020, when India went under an official lockdown, the Indian Hotels Share Price went down by 50%. This happened between the period of February 01, 2020, and April 03, 2020.
Apart from Indian Hotels Share Price, the East India Hotels Ltd i.e EIH Share Price drastically fell by 51% during the lockdown. The share prices of Mahindra Holidays & Resorts Ltd fell by 42%. However, all is well that ends well, the prices of Indian Hotels Share Prices have increased, thanks to tourism and marketing.
India is rich in culture and diversity, and many tourists from across the world eagerly explore it, as history suggests. The country of diversity has the most number of domestic travellers in the world.
After giving you an insight into the prospect of the Indian Hospitality Industry, it is understandable that now is the right time to invest in Hotel Stocks and expect High returns.
Indian Hotels Company Ltd
Indian Hotels Company engages in owning, operating and managing hotels in India. They also deal with palaces turned hotels, as well as resorts. IHCL owns brands like Taj, Vivanta, Gateway and Ginger. Last year, IHCL provided an 81% return to its shareholders and set the record for growth in upcoming years.
The East India Hotels deals in owning and managing premium luxury hotels and cruisers under Trident, Oberoi and Maiden brands. The company also engages in flight catering, restaurants at the airport and corporate air charters. EIH Share Prices have a lower growth rate as compared to other luxurious segments, but it can bring you profit in the long run.
Chalet Hotels Ltd owned by K Raheja Corp Group operates Seven-star luxury hotels in metropolitan cities like Mumbai, Pune, Banglore, Delhi and Hyderabad. Their hotel chains include Marriott and Four Points. After the Pandemic, the price of Chalet Hotels Stock rose by 72%, making it one of the best hotel stocks to invest in today’s time.
The ITDC, India Tourism Development Corporation is a government undertaking established in 1966. The company runs hotels, restaurants and provides transport facilities in the country. Although ITDC has been facing a loss for a year, the game can change in the next few months. ITDC falls under the top 10 hotel shares to invest in.
Lemon Tree Share
Lemon Tree Hotels Ltd have 87 hotels spread across 54 destinations in India. They own hotels from Super Luxury to Economy. In 2021, Lemon Tree Share Prices increased by 54% despite the Pandemic bringing them to loss.
To conclude, the stock Prices of the Hotel Industry are all set to skyrocket. If you are someone who loves vacationing at luxury hotels, these stocks are a must-buy for you, which will give you high returns and fund your next vacation.