India's domestic tourism is booming — 2.3 billion domestic trips per year, 8 million+ foreign arrivals, and a government Tourism Mission. Hotels (IHCL, Lemon Tree, EIH), OTAs (MakeMyTrip, Cleartrip), and MICE infrastructure are all seeing structural demand.
9 companies in this theme — showing top 9 by market cap.
| Symbol | Company | Price | Mkt Cap | ROE | P/E |
|---|---|---|---|---|---|
| INDIGO | Interglobe Aviation Ltd | ₹5,117 | ₹1,95,073 Cr | 10.0% | 167.00 |
| INDHOTEL | The Indian Hotels | ₹725.3 | ₹1,03,177 Cr | — | — |
| IRCTC | Indian Railway Catering & Tourism Corporation Ltd | ₹494.05 | ₹39,612 Cr | 34.6% | 28.70 |
| JUBLFOOD | Jubilant FoodWorks | ₹416.75 | ₹27,425 Cr | — | — |
| CHALET | Chalet Hotels | ₹826.8 | ₹18,011 Cr | — | — |
| DEVYANI | Devyani International | ₹110.5 | ₹13,626 Cr | — | — |
| LEMONTREE | Lemon Tree Hotels | ₹108.95 | ₹8,627 Cr | — | — |
| WESTLIFE | Westlife Foodworld | ₹500.6 | ₹7,726 Cr | — | — |
| SAPPHIRE | Sapphire Foods India | ₹180.35 | ₹5,812 Cr | — | — |
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IHCL is India's premium hospitality operator with 300+ hotels. It trades at a premium valuation but benefits from India's high-end leisure and corporate travel revival.
IHCL for premium brand; Lemon Tree for mid-market scale and aggressive expansion; Chalet Hotels for prime Mumbai/NCR asset play.