Hotel shares firm up as tourist arrivals rise in December
Shares of 6 hospitality firms rose by 0.65% to 2.69% at 9:56 ISY on BSE after Foreign Tourist Arrivals to India increased 6.8% to 8.77 lakh in December 2014 over December 2013.
India Tourism Development Corporation (up 2.69%), Taj GVK Hotels & Resorts (up 2.20%), Hotel Leela Venture (up 1.93%), Sterling Holiday Resorts (India) (up 0.77%), EIH (up 0.73%) and Indian Hotels Company (up 0.65%), edged higher.
The S&P BSE Sensex was up 224.41 points, or 0.83% at 27,133.23.
Foreign Tourist Arrivals (FTAs) to India increased 6.8% to 8.77 lakh in December 2014 compared with FTAs of 8.22 lakh in December 2013. FTAs during the period January-December 2014 exhibited an accelerated growth of 7.1% to 74.62 lakh, as compared to the FTAs of 69.68 lakh with a growth of 5.9% during January- December 2013 over the corresponding period of 2012.
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