The Finance Minister Nirmala Sitharaman on Saturday emphasized on the development of tourism and hospitality sectors through promotion of medical and spiritual tourism. She announced that the government will develop top 50 tourist sites in the country, which will be done by partnering with states. This initiative is expected to generate employment, develop infrastructure and boost India’s cultural heritage.
To boost the hospitality sector, MUDRA loans will be provided for homestays, this initiative will promote entrepreneurship in the tourism sector and create employment opportunities. FM also said that medical tourism and “Heal in India” will be promoted by collaborating with private sectors.
The government will introduce streamlined e-visa facilities along with visa-fee waivers for certain tourist groups. The government will focus on destinations related to the life and times of Lord Buddha, emphasizing on the promotion of spiritual tourism.
Tourism and Hospitality Stocks that will benefit;
EIH Hotels
EIH Limited and EIH Associated Hotels are part of the Oberoi Group, which operates 20 Oberoi and 10 Trident hotels, along with Clarkes Hotel and Maidens Hotel. The Group also owns two luxury Nile cruisers and has a presence in 7 countries with 4,935 rooms across 16 cities in India.
The shares of EIH Associated Hotels Ltd closed at Rs 398 per share, which was 5% higher than its previous close of Rs 378.
EIH HotelsEIH HotelsEIH Hotels
Lemon Tree Hotels Limited (LTHL) is one of India’s largest hotel chains, operating across upscale to economy segments. The company has a portfolio of 180+ hotels, including 110 operational and 70 upcoming hotels, both in India and internationally. LTHL’s properties are located in major metro regions and tier I, II, and III cities across the country.
The shares of Lemon Tree Hotels Ltd closed at Rs 143 per share, which was 5% higher than its previous close of Rs 136.
Juniper Hotels
Juniper Hotels stands at the forefront of the hospitality industry as a leading luxury hotel development and ownership company. The company’s portfolio comprises seven hotels with 1836 keys (including 245 serviced apartments) across strategic locations in India. All the properties in the portfolio are branded and managed by the global hotel operator, Hyatt.
The shares of Juniper Hotels Ltd closed at Rs 308 per share, which was around 8% higher than the previous close of Rs 285.
India Tourism Development Corporation
India Tourism Development Corporation is a Public Sector Undertaking under the Ministry of Tourism, established on October 1, 1966. It plays a key role in developing tourism infrastructure in India, offering travel, tourism, and hospitality services. The corporation operates hotels, restaurants, and transport facilities for tourists across the country.
The shares of ITDC Ltd closed at Rs 672 per share, around 8% higher than its previous close of Rs 620.
Indian Hotels Company Ltd
The Indian Hotels Company Limited (IHCL) offers a blend of warm Indian hospitality and world-class service through brands like Taj, SeleQtions, Tree of Life, Vivanta, Gateway, and Ginger. Founded by Jamsetji Tata, IHCL opened its first hotel, The Taj Mahal Palace, in 1903. The company currently has a portfolio of 360 hotels, with 123 under development across 13 countries and 4 continents.
The shares of Indian Hotels Ltd closed at Rs 801 per share, which was 4.8% higher than the previous close of Rs 765.
Written By Adhvaitha Nayani
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