By Aditya Raghunath
Investing.com -- April and May 2021 were washout months for the travel and tourism sector in India. Multiple states across the country had imposed quasi lockdowns with strict restrictions on movement. This included major states like Maharashtra, Tamil Nadu (NS: TNNP ), Gujarat, Uttar Pradesh and Karnataka, which are states from where a lot of tourists originate.
As the states have started unlocking and people can travel again, five-star and boutique hotels have started seeing occupancy rates rise. A Business Standard report said that Indian Hotels reported a “substantial increase” in occupancy at their destinations in Rajasthan, Rishikesh, Theog, Corbett and Nashik. “IHCL’s ama Stays & Trails bungalows in Madh Island, Lonavala and Khadakvalsa and also South Goa have seen consecutive bookings, the spokesperson said.”
Easemytrip has seen a 3-fold rise in airline bookings in May too. Here are how some travel stocks have performed since falling heavily in April:
- EIH Ltd (NS: EIHO )
Share price on April 19: Rs 83.45
Share price on June 17: Rs 113.6
Percentage increase: 36%
- Indian Hotels Co. Ltd (NS: IHTL )
Share price on April 19: Rs 94.7
Share price on June 17: Rs 129.8
Percentage increase: 37%
- Lemon Tree Hotels (NS: LEMO )
Share price on April 19: Rs 28.6
Share price on June 17: Rs 41.6
Percentage increase: 45%
- Easy Trip Planners Ltd (NS: EASM )
Share price on April 19: Rs 172.1
Share price on June 17: Rs 389.65
Percentage increase: 126%
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