Budget-hotel chain easyHotel is offering last-minute summer holidaymakers the chance to save 15 percent on a stay in some major European cities in their latest sale. Destinations in Spain, Germany and the UK are included in this flash sale, but those who want to save money will need to act fast if they want to get the best deals.
The move to demerge the hotel business into a separate entity by ITC has brought back focus on hotel stocks, which have already seen a good run thus far in fiscal 2023-24 (FY24).
Analysts believe there could be more gains in store over the next one year for the stocks in this sector, but suggest investors put in money on a correction only from a long-term perspective.
Hotel stocks, according to A K Prabhakar, head of research at IDBI Capital, have seen a good run as travel picked up post Covid in India. Not only have the room rents increased, the occupancy, too, has surged.