Travel and tourism stand as the largest service industry in India, contributing about 5.9% to the country’s Gross Domestic Product (GDP) as of FY2022. Projections indicate rapid growth ahead, with the travel market expected to reach $125 billion by 2027 and international tourist volumes to surge to 30.5 million by 2028. Furthermore, the industry is anticipated to create jobs for 53 million individuals by 2029.
Despite the downturn during the COVID-19 pandemic, the industry has shown a robust recovery, driven by government initiatives, a rising preference for experiential travel, and the impact of social media. Moreover, technological advancements and digital platforms have played a pivotal role in transforming the sector, making travel planning and ticket booking more accessible, thereby inspiring spontaneous travel.
As India continues to expand its travel infrastructure, the sector is poised for further growth, presenting an appealing opportunity for long-term wealth creation through investment in travel companies’ shares.
The Best Travel Stocks in India in 2024
With so many good travel and tourism-related stocks to choose from, you may find it challenging to pick the one that is right for you. Tabulated below are some of the top travel stocks you can consider investing in 2024 along with their key fundamental metrics.
Thomas Cook (India) Limited
Thomas Cook (India) Limited is a premier integrated travel and travel-related service provider in India, renowned for its diverse offerings of domestic and international tour packages. In addition, the company provides a comprehensive array of foreign exchange services, including currency exchange and forex, as well as multi-currency cards.
Setting itself apart with innovation, Thomas Cook (India) Limited is dedicated to delivering personalized and customizable travel experiences, specifically tailored for young travelers. Furthermore, the company provides the convenience of booking hotels and flights at attractive rates through its portal.
Consistently honored with numerous travel and tourism awards both in India and abroad, Thomas Cook (India) Limited stands as a testament to its exceptional service and dedication to travelers worldwide.
Dreamfolks Services Limited
Established in 2013, Dreamfolks Services Limited is a leading global aggregator of lifestyle and travel services. Our primary focus is on providing a comprehensive range of airport services, including access to luxurious lounges, rejuvenating spa treatments, efficient airport transfers, and comfortable transit hotels.
At present, Dreamfolks Services Limited commands an impressive 90% market share in India’s lounge access segment. We have forged strong partnerships with a diverse range of banks, card networks, and airlines, enabling us to efficiently deliver our services to a wide customer base.
With our asset-light business model and strategic alliances with renowned global service providers, Dreamfolks Services Limited stands out as a unique and formidable player in the travel ecosystem. As a result, investing in our company is a promising opportunity for those seeking to capitalize on the thriving travel industry.
Indian Railway Catering & Tourism Corporation Limited
The Indian Railway Catering & Tourism Corporation Limited (IRCTC), one of the largest travel and tourism-related stocks in terms of market capitalisation, is a state-owned enterprise that efficiently manages online ticketing operations for the Indian Railways. Apart from facilitating train ticket bookings, IRCTC also provides top-notch catering and tourism services.
By accessing the user-friendly IRCTC web portal, travelers can conveniently reserve retiring rooms and hotels, book exclusive trains or coaches, and explore enticing holiday and rail tour packages, among other options. This commendable range of services has significantly contributed to IRCTC’s substantial revenue stream, firmly established by its monopoly in online ticketing and catering services for the Indian Railways.
Ever dedicated to excellence, IRCTC consistently strives to elevate its service quality, expand its product offerings, and enhance overall customer satisfaction. These tireless efforts are certain to yield promising outcomes in the immediate future.
BLS International Services Limited
BLS International Services Limited, one of India’s largest visa consultancy service providers, boasts over 18 years of expertise in the field. The company offers a comprehensive portfolio of services, including visa processing, citizen and front-end services, consular services, e-visas, biometrics and identity management, and attestation services. With active collaborations with more than 46 governments, diplomatic missions, consulates, and embassies, BLS International Services Limited is a trusted global partner.
Operating in 63 countries worldwide with a network of over 50,000 offices, BLS International Services Limited’s reach and impact are truly global. The company’s commitment to excellence is underscored by its 4 global training centers, where more than 60,000 employees are rigorously trained in various visa-related services.
As global travel gains momentum, there is a growing demand for visa and consular services, which positions BLS International Services Limited for significant growth and success.
Easy Trip Planners Ltd
The market capitalization of Easy Trip Planners Ltd stands at Rs. 7903.30 crore, with a monthly return of -0.45% and a 1-year return of -1.13%. The stock is currently 21.08% below its 52-week high.
Easy Trip Planners Limited, a leading Indian online travel platform, operates through its EaseMyTrip portal, app, and call center, offering comprehensive reservation services for travel and tourism. Its segments cover Air Passage for air ticket bookings through B2C and B2B2C channels, and Hotel Packages that provide holiday packages and reservations. In addition, it offers rail and bus ticketing, taxi rentals, and other ancillary services. The company’s subsidiaries include Easemytrip Middle East DMCC and Easemytrip UK Ltd.
Easy Trip Planners Limited is a prominent travel platform in India, providing booking services for various travel needs through its EaseMyTrip portal, app, and call center. The company’s segments include Air Passage, facilitating air ticket bookings through online platforms and call centers, and Hotel Packages, offering holiday packages and hotel reservations. The company also provides services for rail and bus ticketing, taxi rentals, as well as ancillary services such as travel insurance and visa processing.
India Tourism Development Corp Ltd
The India Tourism Development Corp Ltd has a market cap of Rs. 5376.45 crore, achieving impressive monthly and 1-year returns of 99.70% and 3.16%, respectively. The stock currently stands 40.22% away from its 52-week high.
The company operates hotels, restaurants, transportation services, and more in various tourist destinations, offering a wide array of services. Its divisions, including Hotels, Events, Trade, Travels, and Hospitality Education, manage properties and organize events.
The Wise Travel India Ltd boasts a market cap of Rs. 469.33 crore, with a monthly return of -3.74% and a 1-year return of 14.27%. Its stock is presently 24.30% away from its 52-week high.
As a company dedicated to revolutionizing the transportation sector, WTicabs has rapidly expanded nationwide since its inception in 2010. Offering top-tier people transportation services in over 130 cities across India, WTicabs is committed to providing unparalleled service and value, utilizing cutting-edge technology platforms and a diverse fleet. By introducing innovative concepts like “Driver Cum Owner,” the company aims to enrich mobility experiences for all.
Shree Osfm E-Mobility Ltd
The market cap of Shree OSFM E-Mobility Ltd is currently Rs. 144.98 crore, reflecting strong potential. With a remarkable monthly return of 48.72% and a solid 1-year return of 8.11%, this company is proving its financial prowess. Moreover, the stock is just 28.08% away from its 52-week high, indicating its resilience in the market.
Established in 2006, Shree OSFM E-Mobility Limited has carved a niche in providing comprehensive transportation solutions to employees of multinational corporations across major Indian cities. Boasting a fleet of over 1475 vehicles, including small cars and buses, the company adeptly caters to a wide spectrum of commuting needs. With 217 company-owned vehicles and the rest being leased from various suppliers, the company showcases its flexibility and adaptability in operations.
Operating on an “asset-light” model, Shree OSFM E-Mobility has strategically employed flexible rental agreements tailored to factors such as monthly usage, distance traveled, and passenger count. Its expansive network covers 42 locations in major cities like Mumbai, Pune, and Bengaluru, providing services to esteemed clients such as JP Morgan, Morgan Stanley, and Accenture. This dynamic approach underscores the company’s ability to thrive in the competitive market while meeting the specific demands of its clients.
SI Capital & Financial Services Ltd
The Market Cap of SI Capital & Financial Services Ltd is Rs. 9.00 crore. It has experienced a monthly return of -35.06% and a 1-year return of -16.72%. Currently, the stock is 54.00% below its 52-week high.
SI Capital & Financial Services Limited, the leading consumer brand of the Sharewealth Group, has been dominating the market since 1994. With a remarkable track record, it has been providing exceptional financial services to its clients. As a subsidiary of Sharewealth Securities Limited, the company is listed on the BSE (BSE: 530907). Its journey started in Chennai, Tamil Nadu, but it has now established its headquarters in Pollachi, the financial hub of Tamil Nadu, during the FY 2022-23.
Operating as a Non-Deposit Taking NBFC and a Full-Fledged Money Changer under the Reserve Bank of India’s license, SI Capital & Financial Services Limited offers a wide range of fund-based and fee-based services in India’s financial sector. Its customer base is diverse, catering to retail, HNI, ultra HNI, micro-enterprises, and SMEs. It delivers personalized solutions in various areas such as personal finance, gold loans, two-wheeler loans, used car loans, business loans, and foreign exchange services. With 10 branches spread across Kerala and Tamil Nadu, SICFSL takes pride in its growing clientele of over 5000 satisfied customers.
Mahasagar Travels Ltd
The Market Cap of Mahasagar Travels Ltd stands at Rs. 6.42 crore, with a remarkable monthly return of 79.52% and a solid 1-year return of 9.73%. Currently, the stock is just 9.33% away from its 52-week high.
Headquartered in Junagadh, Gujarat, Mahasagar Travels Limited is a prominent travel company with an extensive franchise network across the state. Its daily bus services connect Junagadh to major Gujarat cities such as Kodinar, Veraval, and Ahmedabad. Moreover, through Hotel Indralok, Mahasagar Travels offers hotel booking services to cater to travelers in the area.
Autoriders International Ltd
The market capitalization of Autoriders International Ltd is currently valued at 3.72 crore. With a monthly return of 0% and an impressive 1-year return of 117.85%, this stock has shown exceptional growth. Furthermore, it is positioned only 0% away from its 52-week high.
Established in 1994, Autoriders International Ltd is a distinguished division of the Autoriders Group, specializing in providing premium car rental services throughout India. Our commitment to upholding the highest standards of service quality is unwavering, making customer satisfaction our top priority. This dedication has earned us a well-deserved reputation as a highly reliable leader in the industry.
We cater to a diverse range of travel needs by offering both self-drive and chauffeur-driven cars, as well as convenient airport transfers and tour packages. Our comprehensive services ensure that every aspect of our customers’ travel experience is taken care of.
Since our inception in 1994, Autoriders International Ltd, a subsidiary of the Autoriders Group, has firmly established itself as the foremost provider of premium car rental services in India. Our constant pursuit of excellence places customer satisfaction at the heart of everything we do, setting us apart as a trusted and reputable name in the industry.
We offer a wide array of services, including self-drive and chauffeur-driven cars, airport transfers, and tour packages, in order to provide our customers with a complete and tailored travel experience.
What Are The Top Travel Stocks?
The top travel stocks include Thomas Cook (India) Ltd, Easy Trip Planners Ltd, India Tourism Development Corp Ltd, Wise Travel India Ltd, and Shree Osfm E-Mobility Ltd. These companies represent various sectors within the travel industry, offering services ranging from travel bookings to tourism development and electric mobility solutions.
Can I Invest In Travel Stocks?
Certainly, investing in travel stocks is a smart choice. These investments are particularly advantageous for individuals who are capable of navigating market volatility and possess a long-term vision. Prior to making any financial commitments, it is crucial to take into account the industry’s cyclical nature and its exceptional potential for substantial returns during periods of economic recovery. Be sure to meticulously evaluate economic trends and significant global events that may wield influence over the sector.
Is It Good To Invest In Travel Stocks?
Investing in travel stocks can offer the potential for strong returns during periods of economic growth and recovery, despite the higher volatility involved. These stocks thrive during global travel booms, but their sensitivity to economic and geopolitical events demands vigilant monitoring.
How To Invest In Travel Stocks?
To invest in travel stocks, begin by thoroughly researching and selecting companies with robust financials and promising growth opportunities within the travel industry. Utilize a reputable brokerage platform for trading, diversify your investments across various travel sectors, and stay abreast of global economic and travel trends to adeptly manage risks.
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