Introduction:
As the world gradually emerges from the shadows of the global pandemic, the travel and tourism industry is witnessing a resurgence. It’s an opportune moment for investors to explore potential avenues for financial growth in this sector.
With its diverse landscapes, rich cultural heritage, and growing middle-class population, the Indian travel and tourism sector holds promising prospects for domestic and international investors. In this blog, you will delve into some of the best travel and tourism stocks in India in 2024. You will also get insights into these potential investment opportunities for decent long-term gains.
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What are tour and travel stocks?
Tour and travel stocks encompass shares of companies engaged in the tourism sector, such as airlines, hotels, cruise lines, online tourism agencies, and others. Factors like global events, tourism restrictions, consumer demand, and economic conditions often exert influence on these stocks. Investing in tourism-related stocks can help you diversify your portfolio and capitalise on the industry's growth potential.
Top tour and travel stocks in India in 2024
If you wish to invest in India’s tour and travel sector, here are your best picks for 2024:
1. The Indian Hotels Company Limited
The Indian Hotels Company Limited (IHCL) is the parent company of the iconic Taj hotels, resorts, and palaces. It stands out as a key player in the Indian hospitality sector. With a rich legacy and a diverse portfolio of hotels, IHCL is poised to benefit from the resurgence of tourism in India. The company's commitment to offering luxurious experiences and its expansion into new markets position it as an attractive investment in the tourism industry.
As of 8 March 2024, IHCL shares were trading for Rs. 587.70 per share at the National Stock Exchange (NSE) and Rs. 587.0 per share at the Bombay Stock Exchange (BSE).
2. IRCTC
IRCTC stands for Indian Railways Catering and Tourism Company. The company is an exclusive online ticketing partner for the Indian Railways. It also provides onboard catering services throughout the pan-India rail network. Additionally, IRCTC offers customised tourism packages with tailor-made itineraries within India. The monopoly status makes IRCTC a lucrative investment option.
As of 8 March 2024, IRCTC’s shares were trading for Rs. 937.20 per share at the NSE and Rs. 936.70 per share at the BSE. The one-year return stood at 54.56%. Several brokerage firms have revised the targets for IRCTC stocks with a “Buy” rating for the long-term investment horizon.
3. Thomas Cook (India) Limited
Thomas Cook is a household name in the global travel industry. The company is positioned to benefit from the growing experiential travel trend with a comprehensive range of travel services, including foreign exchange, visa services, and holiday packages. The company's strong brand presence and customer trust make it a noteworthy contender in the travel and tourism sector.
As of 8 March 2024, Thomas Cook (India) shares were trading for Rs. 161.35 per share at the NSE and Rs. 161.85 per share at the BSE. The stock has gained 162.70% in the last year, and experts have a highly positive outlook for its future growth.
4. Easy Trip Planners
Easy Trip Planners Limited operates as an India-based online travel platform. The company focuses on delivering reservation and booking services within the travel and tourism sector through the Ease My Trip portal, the Ease My Trip app, and its in-house call centre. The resurgence of the travel industry in India, user-friendly services, and attractive valuation as compared to its peers make Easy Trip Planners an attractive investment option in 2024.
As of 8 March 2024, Easy My Trip shares were trading for Rs. 47.35 per share at the NSE and Rs. 47.38 per share at the BSE. The P/E ratio and ROE were impressive at 55.74 and 24.65% respectively.
To conclude
The Indian travel and tourism industry is poised for a robust recovery, and astute investors can capitalise on this trend by strategically selecting stocks with growth potential. Mentioned above are some of India's best tour and travel stocks for investment in 2024. However, you must conduct thorough research, consider market conditions, and assess your risk tolerance before making investment decisions.
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