LIVE MINT – Mon, Oct 17 2016.
A sustained improvement in the coming quarters will build investors’ confidence and drive the performance of hotels and hospitality stocks. A growing penchant for travel is improving the prospects for the hotel and hospitality sectors, which are seeing steady capacity additions. Air passenger traffic is seeing strong growth.
Foreign tourist arrivals so far this calendar year are significantly better than a year ago.
Karan Anand, head (relationships) at Cox and Kings Ltd, claims that government initiatives have attracted a large number of business visitors.
Given the hike in salaries for government employees and low air travel costs, Icra Research thinks domestic tourism will remain strong in the current year. “According to the World Travel and Tourism Council, India’s travel sector should grow at a CAGR of 7.9% for the next decade, while the world travel sector is expected to grow at a CAGR of 4.2%,” HSBC Global Research said in a note. CAGR is short for compound annual growth rate.
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