Hospitality Stocks Surge as Nomura Bullish Ahead of Q1 Results

Shares of major hospitality companies climbed on Monday, July 6, after Nomura expressed optimism for the sector’s June quarter performance. !Leela Palaces Hotels & Resorts led the gains, jumping over 4% to ₹495.55 on the NSE. Indian Hotels Company rose 0.72% to ₹733.85, while ITC Hotels advanced 0.40% to ₹179.33. Nomura highlighted resilient domestic demand, which offset international headwinds from Middle-East tensions. The brokerage noted strong leisure demand in the luxury segment and maintained its top picks: Leela first, followed by Indian Hotels and ITC Hotels. Analysts expect Leela to deliver the strongest growth with 14% revenue and 16% EBITDA rise. Indian Hotels is projected to post 13% growth in both metrics, driven by stable ADRs, RevPAR, and new hotel contributions. $ITCHOTELS ls’ hospitality segment is seen growing 8% YoY.