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India’s hospitality sector is riding a postpandemic boom, and top brokerages are betting big on select hotel stocks to deliver 10–30% returns over the next 12 months. With rising domestic travel, premiumisation, and strong RevPAR growth, names like Indian Hotels Company Ltd (IHCL) and Chalet Hotels are emerging as longterm winners.
Indian Hotels (IHCL)
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Elara Securities: Accumulate Target: ₹861 CMP: ₹756 Upside: 13%
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Strong brand equity via Taj, Vivanta, and Ginger
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Focus on assetlight expansion and digital transformation
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RevPAR growth driven by premium segment and business travel rebound
Chalet Hotels
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ICICI Securities: Buy Target: ₹1,058 CMP: ₹899 Upside: 17.6%
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FY25 hotel revenue up 18% YoY to ₹1,520 crore; EBITDA up 19%
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Portfolio expansion to 4,564 keys by FY28
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Strong annuity income from 2.4 million sq. ft. of rental assets
Sector Tailwinds
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HVS Anarock reports 10–12% YoY ARR growth and 15%+ RevPAR gains
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Occupancy up 200–400 bps YoY in Jan 2025
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Supply CAGR of 5–6% vs demand CAGR of 10% through FY28
Other Picks:
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Lemon Tree Hotels (Target: ₹170)
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SAMHI Hotels (Target: ₹245)
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Juniper Hotels (Target: ₹410)
With strong fundamentals and macro tailwinds, these hospitality stocks are poised to check in longterm gains for patient investors.
Source: Economic Times, Business Today, Moneycontrol
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