Blog 37: Future of Indian Hospitality Stocks
Future of Hospitality Industry in India:
1.India is the most digitally advanced traveller Nation in terms of digital tools being Used for Planning, booking and Experiencing a Journey.
2.By 2028, Indian Tourism and Hospitality Industry is expected to Earn $50 billion, driven by the rising demand from travellers and Sustained efforts of travel agents to boost the Tourism market in India.
3.The Percentage Share of Foreign Tourist arrivals (FTAs) in India Stood at 10.93 million in 2022, was highest at Bengaluru Airport (29.96%), followed by Mumbai Airport (17.48%), Ahmedabad Airport (15.72%), Delhi Airport (9.21%), Cochin Airport (4.91%), Chennai Airport (4.04%), Hyderabad Airport (3.34%).
4.The Global Hospitality Market Was Valued at $5 Trillion in 2022, it is expected to grow at the rate of around 15% to double $10 Trillion by 2028.
5.For next 1 Year, the Hotel industry Likely to benefit from Events Such as the G20 Summit and ICC World Cup 2023.
For the time being, the overall Hospitality Industry Sentiment is Bullish.
Hotel Industry Market Segment:
Room Revenue Share:
Temporary = 60%
MICE( Meeting, Incentives, Conferences and Exhibitions)=14%
Corporate=11%
Long Stay=4%
Leisure= 8%
Groups= 1%
Crew=2%
Top Hospitality Stocks to Watchout:
1.Indian Hotels (Tata Group)
2.Chalet Hotels
3.Lemon Tree Holidays
4.Mahindra Holidays & Resorts
5.EIH(Oberoi Group)
Brands: Oberoi, Trident.
6.Taj GVK Hotels
7.Royal Orchid Hotels
8.Benares Hotels
Disclaimer: Above Information and Stock Ideas are discussed only for Research Purpose, it is not an Investment Advice.
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