Best Tourism Stocks in India to Buy in 2024
The Indian travel and tourism industry is as diverse as the country itself. It is home to travelers who embark on journeys for cultural, religious, self-discovery, and adventurous explorations. This industry is set to grow and generate a revenue of USD23.72 billion in 2024.
This exposes many tourism stocks to growth, which investors can expect good returns. However, to choose the potential stock with return, you must know the best tourism stocks to invest in India in 2024, along with the key factors that affect them.
Topics Covered
- What are Travel Stocks?
- Benefits of Investing in Travel Stocks
- List of Best Travel Stocks in India
- Overview of Selected Travel Stocks
- Factors to Consider Before Investing in Travel Stock
- Conclusion
- FAQs
What are Travel Stocks?
The travel and tourism industry spans across transportation, hospitality, cruise lines, travel services, and more that contributes to economic growth and job creation. Travel stocks represent these companies and businesses. These companies operate specifically within the travel industry and allow investors to capitalize on the tourism stocks's growth.
Benefits of Investing in Travel Stocks
From diversification to high returns, the best travel stocks in India offer many benefits. The top benefits of investing in tourism stocks are:
- High-return Potential: The growing tourism industry allows travel companies and service businesses to expand. Early investing in these tourism stocks allows you to capitalize on the upward trajectory.
- Diversification: As the need for hotels and travel services rises, investing in the top travel stocks provides you with a useful diversification approach.
- Exposure to the Growing Market: The Indian travel industry is anticipated to grow to US$34.25 billion at a CAGR of 9.62% between 2024 and 2028. Investing in tourist stocks provides access to this quickly expanding business.
- Economic Contribution: The travel and tourism sector is essential to the growth of the economy and the creation of jobs. Purchasing stocks in the tourism industry supports employment growth and boosts the national economy.
List of Best Travel Stocks in India
Investing in the best tourism stocks in India provides tremendous growth potential. If you want to make the most of it, here are the best tourism stocks you must know:
|
Travel Stock
|
Market Cap (Rs. cr)
|
|
IRCTC
|
₹83,628
|
|
BLS International
|
₹13,590.00
|
|
Thomas Cook
|
₹9,701.00
|
|
Easy Trip Planners (EaseMyTrip)
|
₹8,275.43
|
|
Yatra Online
|
₹2,299.61
|
|
International Travel House Ltd.
|
₹615.58
|
|
Transcorp International
|
₹129.18
|
|
Growington Ventures
|
₹104.13
|
|
Yaan Enterprise
|
₹20.86
|
|
Mahasagar Travel
|
₹6.25
|
Overview of Selected Travel Stocks
The following section gives a comprehensive overview of the top tourism sector stocks in India:
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Indian Railway Catering and Tourism Corporation Limited (IRCTC)
IRCTC is a Central Public Sector Enterprise under the Ministry of Railways with a "Mini Ratna (Category-I)," designation. In stations and on trains, it offers bottled water, snack services, and online train tickets.
The corporation provides a variety of services, including State Teertha, Rail Neer, internet ticketing, catering, and tourism. The business operates 16 Rail Neer plants.
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Thomas Cook
Thomas Cook (India) Limited is the leading omnichannel travel provider in India. Foreign exchange, corporate travel, MICE, leisure travel, value-added services, and visa services are just a few of the many services it provides.
It offers travel-related services, such as tour management, travel insurance, visa assistance, and related services. The Thomas Cook India Group is a prominent travel service company with operations in 28 countries on 5 continents.
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EasyMyTrip (Easy Trip Planners Limited)
Easy Trip Planners Limited provides booking and reservation services related to tourism and travel. It works in many categories, such as hotel packages, air travel, and other services.
Customers may purchase domestic and international airline tickets using call centers, smartphone applications, and internet platforms offered by EaseMyTrip's air passage section. The hotel packages category offers reservations for hotels, vacation packages, and cruise packages.
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Yatra Online Limited
Yatra Online is a leading Indian online travel company that provides travel-related services to nearly 7 million clients. It offers information, price, availability, and booking choices for domestic and international air travel.
Its services include booking travel packages, hotels, homestays, bus and train tickets, activities, and other associated services. Yatra is well-known for its inventiveness and dependability, and it has received recognition from several governmental organizations.
Factors to Consider Before Investing in Travel Stock
Investing in tourism stocks allows investors to benefit from the industry's potential for development and diversify their holdings. However, this investment is also exposed to losses and risks. Consider these factors before investing in travel stocks:
- Risk Assessment: Before investing in any stocks related to tourism, you must have a clear idea of your investing objectives and risk tolerance. Take into account the influence of global economic issues as well as the volatility of the travel industry.
- Market Trends: Track the existing and anticipated future developments in the tourism sector. It includes, but is not limited to, consumer behavior, technological innovation, regulations, competition, and environmental concerns.
- Financial Performance and Valuation: You should review the financial accounts and data of the tourist companies you are interested in investing in. Include their sales, profits, cash flow, margins, return on equity, and price-to-earnings ratio.
Conclusion
India's tourism industry is experiencing immense growth due to shifting consumer choices and technological advancements. This growth is attracting investors who are seeking high-return opportunities. Investing in these best tourism stocks offers great returns but also entails considerable risks. You must identify the best tourism stocks in India to make the most of your investment.
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FAQs
What are travel or tourism stocks?
Tourism stocks are the stocks of businesses that are involved in the travel industry, such as hotels, airlines, cruise lines, online travel agents, and more.
Why should you invest in tourism stocks?
Investing in tourism stocks offers investors and traders access to a growing market, high-return possibilities, and diversification opportunities.
Which tourism share is best?
The top tourism stocks in India are:
IRCTC
BLS International
Thomas Cook
Easy Trip Planners (EaseMyTrip)
Yatra Online
What are the benefits of investing in tourism stocks?
The main benefits of investing in tourism stocks are high return potential, diversification, and access to an expanding market.
Disclaimer: This blog is posted solely for educational purposes. The securities mentioned are examples and not recommendations. It is based on various secondary sources from the internet and is subject to change. Kindly consult an expert before making any related decisions.
