These 4 hotel stocks zoom up to 115% in a year. Can they rally more?
FY23 began on a strong note for the hotel sector in terms of growth and margin expansion. “With the full re-opening, corporate demand and MICE (Meetings, Incentives, Conventions and Exhibitions) segment also joined the growth bandwagon in Q1FY23 while leisure continued to perform well. This, in turn, helped hotel players to raise room tariffs without disturbing demand,” said ICICI Direct.
