Hotel stocks rally; Taj GVK, Royal Orchid, EIH zoom over 15%

Oriental Hotels, EIH Associated Hotels, Advani Hotels, Kamat Hotels and Viceroy Hotels were up between 12% and 20%, against 0.18% rise in the Sensex.

Shares of hotel companies have rallied by up to 20% in otherwise range-bound market with 8 out of 15 top gainers from the hotel sector.

Taj GVK Hotels, Oriental Hotels, Royal Orchid Hotels, EIH, EIH Associated Hotels, Advani Hotels & Resorts (India), Kamat Hotels (India) and Viceroy Hotels were up between 12% and 20% on the BSE. On comparison, the S&P BSE Sensex was up 0.18% at 34,366 points at 02:01 pm.

Revenue per available room (RevPar) across premium hotels inched up by 5% year-on-year (YoY) to Rs 7,400 in February 2018, led by strong growth in demand