Best Hotel Stocks in India for 2026

After the pandemic jitters, India's hospitality sector has rebounded strongly. India’s listed hotel companies are back on investors’ radars because the demand cycle has turned supportive and, importantly, hotels have regained pricing power. Travel is being driven less by a single factor and more by a broad mix of domestic leisure breaks, corporate travel, weddings, and the MICE segment at a time when India’s domestic tourist visits remain huge (2,509 million in 2023, as per the Ministry of Tourism). The organised hotel industry has seen occupancies consistently rebound, with premium hotels registering national average occupancy near 70–72% and projections pointing towards further gains in FY2026, even as average room rates trend upwards, supporting revenue per available room (RevPAR) growth.

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What makes the current cycle attractive is that demand has broadened beyond metros into tier-II and leisure destinations, while new hotel supply is being added at a measured pace. For listed hotel companies, this translates into stronger cash flows, better operating leverage, and balance sheets that are far healthier than they were a few years ago.

Against this backdrop, select hotel stocks are increasingly being viewed as beneficiaries of a sustained travel upcycle rather than just a short-term rebound, making them worth a closer look at the present juncture.

Overview of Best Hotel Stocks in India

Here is an overview of the best hotel stocks in India for 2026

The Indian Hotels Company Limited

The Indian Hotels Company Limited (IHCL), India’s largest hospitality Company in South Asia has been an industry pioneer for over 120 years. IHCL is promoted by Tata Sons Private Limited and its subsidiaries bring together a group of brands and businesses that offer a fusion of warm Indian hospitality and world-class service. These include Taj – the iconic brand for the most discerning travellers and ranked as World's Strongest Hotel Brand 2024 and India’s Strongest Brand 2024 as per Brand Finance. The company has a portfolio of 268 operational hotels with 28,273 room keys across brands with major being Taj, Vivanta, SeleQtions, Gateway, and Ginger, among others, as on September 30, 2025.

ITC Hotels Limited

ITC Hotels Limited operates as one of India's leading hospitality businesses which was founded in 1975 and has maintained its position as a major player in the industry for more than 50 years. The company started with one hotel before it developed into a hospitality business which now operates throughout India and Sri Lanka and Nepal. The company maintains 140+ hotels which provide more than 13,300 operational rooms to serve diverse traveler needs while upholding its core value of Responsible Luxury.

The company’s portfolio is organised under six distinct hotel brands, each positioned to serve a specific segment of the market. The luxury segment of the company operates through ITC Hotels and Mementos while Welcomhotel serves customers in the upper-upscale market segment. Storii operates in the boutique and experiential market segment while Fortune Hotels provides accommodations for business and leisure travelers in the midscale to upscale range and WelcomHeritage operates heritage hotels which unite traditional heritage with contemporary hospitality services.

EIH Limited

EIH Limited is the flagship company of The Oberoi Group and represents one of India’s most established names in luxury hospitality. The Company established itself in 1949 while maintaining its heritage which started through Rai Bahadur M.S. Oberoi in 1934. The Company has led the development of the Indian hospitality sector through its nine decades of operation. EIH Limited operates a collection of high-end hotels and resorts and cruisers which upholds its business philosophy through its commitment to heritage preservation and delivery of exceptional service and sustainable value growth.

As of FY2024–25, EIH Limited operates 30 hotels and cruisers, both owned and managed, with an aggregate of 4,229 keys across six countries. The Company operates two main hospitality brands which include Oberoi Hotels & Resorts and Trident Hotels. EIH Limited operates hotels as its main business while it delivers flight catering services and travel planning solutions and airport lounge facilities to expand its hospitality network past conventional accommodation.

The Oberoi Hotels & Resorts brand represents the Group’s luxury segment and is built around personalised service, refined design and attention to detail. These hotels are positioned as destination-led experiences and include city hotels, wildlife resorts, beach resorts and luxury river cruisers. The Trident Hotels brand provides business and leisure travelers with modern hotels that deliver reliable service in major Indian locations. The three brands create a diverse collection of hotels which includes luxury properties and upper-upscale accommodations and experiential hospitality experiences.

Chalet Hotels Limited

Chalet Hotels Limited is a leading hospitality company in India with a growing portfolio of upscale to luxury hotels, resorts, and Grade A commercial real estate assets. The Company has a strong presence across key metropolitan markets and leisure destinations, including the Mumbai Metropolitan Region (MMR), Hyderabad, Bengaluru, NCR, Pune, Khandala, and the foothills of the Himalayas. Chalet Hotels is part of the K Raheja Corp group, one of India’s established real estate development groups.

The Company runs 11 luxury hotels and resorts which operate as an upscale to luxury portfolio across business centers and new tourist areas. Its operating assets are developed in partnership with globally recognised hotel brands, including JW Marriott, Westin, Marriott Executive Apartments, Courtyard by Marriott, Four Points by Sheraton, Novotel, and Hyatt Regency. The luxury leisure segment of Chalet Hotels features three properties which include The Dukes Retreat in Khandala and Courtyard by Marriott Aravali Resort, NCR and The Westin Resort & Spa in Himalayas to expand its hotel network beyond urban business hotels. The Company operates through its ownership of assets and development activities and active management to reach operational excellence and provide excellent guest experiences and sustainable value expansion.

In addition to hospitality assets, Chalet Hotels has integrated Grade A commercial real estate within its portfolio, creating synergies with its hotel properties. These include rental assets such as The Orb Commercial Tower, Sahar, CIGNUS Powai, and CIGNUS Whitefield, Bengaluru. The Company also uses its own or licensed brands for select commercial complexes.

Leela Palaces Hotels & Resorts Limited

Schloss Bangalore Limited is the parent company of The Leela Palaces, Hotels and Resorts, one of India’s most recognised luxury hospitality brands. Incorporated in 2019, the company was formerly known as Schloss Bangalore Private Limited and is now listed on both BSE and NSE following its successful initial public offering in June 2025. The Leela brand traces its origins to 1986, when it was founded by Late Captain C. P. Krishnan Nair with a vision to showcase India’s heritage through world-class hospitality rooted in the philosophy of Atithi Devo Bhava — Guest is God.

Headquartered in Mumbai, Schloss Bangalore Limited owns, operates, manages and franchises luxury hotels under The Leela brand across India. As of March 31, 2025, the company operates 13 award-winning properties with 3,553 keys across 11 cities, spanning owned, managed and franchised models. Its portfolio includes flagship hotels in New Delhi, Bengaluru, Chennai, Jaipur, Udaipur, Mumbai, Gurugram, East Delhi, Gandhinagar, Hyderabad, Kovalam and Ashtamudi, each reflecting the cultural, architectural and artistic heritage of its location.

Conclusion

The hotel industry now operates under different market conditions because customers select hotels based on their overall experience. The hotel industry maintains strong performance from leisure travellers while business travel continues to rise at a steady pace and supply expansion stays under control which benefits established hotel operators to defend their profit margins and enhance their financial performance. The investment sector provides investors with a combination of predictable financial performance and future expansion potential through businesses which maintain powerful brands and optimal properties and operational excellence. Hotels which offer both large size and excellent service standards will continue to attract travellers because of their evolving travel preferences.