22 Sep 2026 | 5 Mins Read
Jefferies projects up to 32% upside in one hotel stock: ITC vs Leela
Flipitmoney
Hotel demand in India is outpacing supply growth, driving higher occupancy, room rates, and revenue for companies like ITC Hotels and Leela Hotels. Jefferies assigns target prices of Rs 210 for ITC Hotels and Rs 675 for Leela, citing differing strategies: ITC pursues an asset-light model, while Leela opts for ownership-led expansion, with both benefitting from strong domestic travel demand.