Hospitality is cyclical, capital-intensive, and utterly dependent on the mood of the traveller -- which makes it the ultimate test of an investor's conviction. Post-pandemic, Indian Hospitality has roared back with a structural twist: domestic tourism has permanently expanded, with Tier 2 cities and experiential destinations like Coorg, Rishikesh, and the Northeast seeing unprecedented demand. Listings in this sector span branded hotel chains with asset-light management models, QSR franchises benefiting from urbanisation and nuclear family formation, and travel-tech platforms eliminating friction from the booking journey. Revenue Per Available Room (RevPAR) is the north star metric. Operators who pair strong brand equity with operational efficiency have consistently re-rated sharply post-listing.
