Hotels, tour operators in demand after positive FTA data

Among hotels and resorts shares, India Tourism Development Corporation (ITDC) (up 5%), Country Club (India) (up 2.04%), Hotel Leela Venture (up 1.81%), Taj Hotels Resorts & Palaces (up 1.52%), Asian Hotels (West) (up 1.08%), Sterling Holiday Resorts (India) (up 0.45%), Indian Hotels Company (up 0.39%) and Sayaji Hotels (up 0.04%), edged higher.

Tour operators were mixed. Cox & Kings was up 1.27% to Rs 148. Thomas Cook (India) was down 0.49% at Rs 60.60.

Meanwhile, the BSE Sensex was up 169.09 points, or 0.87% at 19,578.78.

Foreign exchange earnings (FEEs) from tourism rose 13.4% to $1.776 billion in November 2012 over November 2011. In rupee terms, FEEs from tourism rose 22.4% to Rs 9723 crore in November 2012 over November 2011.

 

Foreign tourist arrivals (FTA) in India during the period January-November 2012 totaled 58.99 lakh, with a growth of 5.9% over the corresponding period of the previous year, the Ministry of Tourism said in a statement. FEEs from tourism rose 6.3% to $15.806 billion during the eleven month period January-November 2012 over the eleven month period January-November 2011. In rupee terms, FEEs from tourism jumped 22.1% to Rs 83938 crore during the eleven month period January-November 2012 over the eleven month period January-November 2011.

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