Top Hotel Stocks Compared: Indian Hotels vs EIH vs Chalet Hotels vs Lemon Tree vs ITC Hotels on Price, Valuation, Q2 FY27 Results and Risks
- November 5, 2026
- Posted by: Harsh Piplani
- Category: Best Stocks
Previous close: Indian Hotels Rs 849.00, EIH Rs 299.75, Chalet Hotels Rs 816.90, Lemon Tree Rs 115.57, ITC Hotels Rs 173.29.
Quick Answer
This hotel stocks compared snapshot checks five names on price, valuation and Q2 FY27 results: Indian Hotels, EIH, Chalet Hotels, Lemon Tree and ITC Hotels. Indian Hotels is the largest by market capitalisation at Rs 1,20,664 crore. Chalet Hotels reports the highest return on equity at 17.45%. Hotel earnings are seasonal, so read each multiple alongside the strongest and weakest quarters.
Hotel stocks compared here means Indian Hotels, EIH, Chalet Hotels, Lemon Tree and ITC Hotels on one page, checked on previous close, market value, valuation and the latest quarterly numbers. The group mixes luxury, upscale and mid-priced hotel owners, so each figure needs a little context before it can be read fairly.
Three of the five hotel companies have filed their September 2026 quarter, so their results below are Q2 FY27. EIH and Lemon Tree are shown on their June 2026 quarter because their September filings are awaited. Hotel names tend to follow travel and consumption sentiment, so a glance at the BSE 500 page and the Sensex page before you read the tables gives useful backdrop.
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Hotel Stocks Compared: Luxury, Upscale and Mid-Priced Owners
The hotel stocks compared here are Indian Hotels, EIH, Chalet Hotels, Lemon Tree and ITC Hotels. Indian Hotels is the largest by market capitalisation at Rs 1,20,664 crore. Previous closes run from Rs 115.57 for Lemon Tree to Rs 849.00 for Indian Hotels, which is why a side-by-side look at value rather than price is more useful. This hotel stocks compared list is the base for every table that follows.
| Stock | Previous close (Rs) | Market cap (Rs crore) |
|---|---|---|
| Indian Hotels | 849.00 | 1,20,664 |
| EIH | 299.75 | 18,720 |
| Chalet Hotels | 816.90 | 17,904 |
| Lemon Tree | 115.57 | 9,154 |
| ITC Hotels | 173.29 | 36,123 |
A quick look at the business behind each ticker puts the numbers in context. Indian Hotels is the Tata group hospitality company behind the Taj, Vivanta and Ginger brands, while EIH owns and operates luxury hotels under the Oberoi and Trident brands. Chalet Hotels owns upscale hotels and commercial properties in key metro cities, and Lemon Tree runs mid-priced and upscale hotels across India under the Lemon Tree and Red Fox brands. To compare hotel stocks properly, line up price to book, debt to equity and occupancy before forming a view.
Rounding out the group, ITC Hotels is the hospitality business that came out of ITC, with the ITC Hotels and Welcomhotel brands. A fair hotel stock comparison looks at what each company actually earns from, not only at the share price. Luxury, upscale and mid-priced hotel companies belong in separate mental boxes whenever you compare hotel stocks fairly.
Hotel Stocks Valuation: Price to Earnings, Price to Book and Debt
EIH trades at the lowest price to earnings ratio in this group at 25.28. Chalet Hotels reports the highest return on equity at 17.45%. ITC Hotels has the lowest price to book value at 3.08. These hotel stocks valuation readings come from the previous close and the latest reported financials. That is the idea behind this hotel stocks compared table: price to book and debt to equity sit side by side so a high or low reading stands out at once.
| Stock | Price to earnings | Price to book | ROE (%) | Dividend yield (%) | Debt to equity |
|---|---|---|---|---|---|
| Indian Hotels | 50.91 | 8.85 | 16.21 | 0.38 | 0.25 |
| EIH | 25.28 | 3.56 | 13.68 | 0.50 | 0.05 |
| Chalet Hotels | 33.91 | 4.84 | 17.45 | 0.24 | 0.64 |
| Lemon Tree | 30.73 | 6.57 | 16.32 | 1.44 | |
| ITC Hotels | 38.45 | 3.08 | 7.94 | 0.58 | 0.01 |
Hotel companies own property, so price to book and debt to equity show how the market values the assets and how they are funded. Because occupancy and room rates swing with seasons, price to earnings can look different from one quarter to the next, which makes return on equity a useful steadier check. Earnings per share and book value per share are the building blocks behind price to earnings and price to book, so a glance at both in each filing is time well spent. A simple hotel stock comparison like this one is only as useful as the context behind it, which is why occupancy is worth checking as well.
In this group, price to earnings runs from 25.28 for EIH to 50.91 for Indian Hotels. ITC Hotels offers the highest dividend yield at 0.58%. The sector benchmark for price to earnings is 38.76, and every stock in the table can be measured against that figure. The industry price to earnings is a handy anchor: a hotel stock above it is priced for faster growth, and one below it is priced for steadier earnings. A well-built hotel stock comparison also notes that seasonal demand can shift results between quarters. Run the same hotel stock comparison on your own watchlist and the pattern in these numbers will be easier to spot. Whenever you compare hotel stocks, note whether a premium is backed by returns or only by size.
Hotel Stocks Q2 FY27 Results: Revenue and Profit Check
Three of the five hotel stocks compared have filed Q2 FY27 numbers. ITC Hotels posted the fastest revenue growth at 25.0% year on year. ITC Hotels showed the sharpest rise in net profit at 52.0%. Read revenue first and quarterly profit second, since the two together show how much of the growth reaches shareholders. The others are shown on their latest reported quarter, so read each one for what it is. Treat the Q2 FY27 numbers in this hotel stocks compared review as a snapshot of one quarter, not a verdict on any hotel company.
| Stock | Q2 FY27 revenue (Rs crore) | Q2 FY26 revenue (Rs crore) | Q2 FY27 net profit (Rs crore) | Q2 FY26 net profit (Rs crore) |
|---|---|---|---|---|
| Indian Hotels | 2,566 | 2,124 | 379.9 | 316.2 |
| Chalet Hotels | 511.4 | 743.8 | 216.3 | 154.8 |
| ITC Hotels | 1,106 | 884.9 | 202.7 | 133.3 |
Indian Hotels Results Snapshot
In the September 2026 quarter, Indian Hotels booked revenue of Rs 2,566 crore against Rs 2,124 crore in the same quarter last year, a rise of 20.8%. Net profit rose 20.1% to Rs 379.9 crore from Rs 316.2 crore. Net profit margin improved to 14.2% from 14.0%. Earnings per share for the quarter rose to Rs 2.46 from Rs 2.00.
EIH Results Snapshot
EIH has reported only its Q1 FY27 numbers so far, with revenue of Rs 697.9 crore for the June 2026 quarter. Its Q2 FY27 filing is yet to appear, so read the exchange disclosure when it lands before you set it against the others.
Chalet Hotels Results Snapshot
Chalet Hotels reported Q2 FY27 revenue of Rs 511.4 crore for the September 2026 quarter. Net profit rose 39.7% to Rs 216.3 crore from Rs 154.8 crore. Operating margin expanded to 45.2% from 41.9% a year ago. Earnings per share for the quarter rose to Rs 9.87 from Rs 7.07.
Lemon Tree Results Snapshot
Lemon Tree has reported only its Q1 FY27 numbers so far, with revenue of Rs 346.8 crore for the June 2026 quarter. Its Q2 FY27 filing is yet to appear, so read the exchange disclosure when it lands before you set it against the others.
ITC Hotels Results Snapshot
ITC Hotels’ Q2 FY27 top line stood at Rs 1,106 crore, versus Rs 884.9 crore in Q2 FY26, a rise of 25.0%. Net profit rose 52.0% to Rs 202.7 crore from Rs 133.3 crore. Operating margin expanded to 37.5% from 35.4% a year ago. Earnings per share for the quarter rose to Rs 0.96 from Rs 0.64.
Hotel results are seasonal, with the festive and winter months usually stronger than the rest, so a single quarter rarely tells the whole story. That is why a hotel stock comparison works best when it compares the same quarter across years. Used this way, a hotel stocks compared review becomes a map of the sector rather than a price list. When you compare hotel stocks after each result season, track how occupancy changes from one quarter to the next. A hotel stock comparison built on one quarter of data is a starting point, and the next set of results will update it.
Hotel Stocks Compared Two at a Time: Three Pairings
Readers rarely want a five-way table and nothing else, so here are three head-to-head reads drawn from the same data. Use them as a quick way to compare hotel stocks two at a time.
Indian Hotels vs EIH
Indian Hotels and EIH are the two luxury-led hotel groups on this list, behind the Taj and the Oberoi brands. On price to earnings, EIH carries the lower multiple at 25.28 against 50.91 for Indian Hotels. Indian Hotels reports the higher return on equity, at 16.21% against 13.68% for EIH. For dividend income, EIH offers 0.50% against 0.38% at Indian Hotels. Both depend on premium travel demand, so read occupancy commentary and valuation together.
Chalet Hotels vs Lemon Tree
Chalet Hotels and Lemon Tree both focus on the mid-to-upscale segment, one with metro city assets and the other with a wide network. Chalet Hotels is about 2.0 times the size of Lemon Tree by market capitalisation, at Rs 17,904 crore against Rs 9,154 crore. On price to earnings, Lemon Tree carries the lower multiple at 30.73 against 33.91 for Chalet Hotels. Chalet Hotels reports the higher return on equity, at 17.45% against 16.32% for Lemon Tree. Ownership of big hotels and a spread of mid-priced hotels are priced differently, so read debt and returns along with valuation.
ITC Hotels vs Indian Hotels
ITC Hotels and Indian Hotels are both backed by large groups and operate across luxury and upscale segments. Indian Hotels is about 3.3 times the size of ITC Hotels by market capitalisation, at Rs 1,20,664 crore against Rs 36,123 crore. On price to earnings, ITC Hotels carries the lower multiple at 38.45 against 50.91 for Indian Hotels. Indian Hotels reports the higher return on equity, at 16.21% against 7.94% for ITC Hotels. Group backing and brand reach matter, so read market value and return on equity before you judge either multiple.
Best Hotel Stocks for Each Type of Investor
People who ask for the best hotel stocks often have very different goals, so here is who leads on each measure today, row by row. Any hotel stocks compared table can mislead if you stop at one row, because each hotel company leads on a different measure.
| If you care most about | Start your research with | The number |
|---|---|---|
| Lowest price to earnings | EIH | 25.28 |
| Highest return on equity | Chalet Hotels | 17.45% |
| Highest dividend yield | ITC Hotels | 0.58% |
| Lowest price to book value | ITC Hotels | 3.08 |
| Largest by market capitalisation | Indian Hotels | Rs 1,20,664 crore |
| Fastest Q2 FY27 revenue growth | ITC Hotels | 25.0% |
| Sharpest Q2 FY27 net profit rise | ITC Hotels | 52.0% |
No single name tops every row, which is exactly why a hotel stock comparison helps. Luxury groups, an upscale owner and a mid-priced chain lead on different measures, so decide which model suits you before you rank the numbers.
What Is Driving Hotel Demand Right Now?
Domestic travel, business trips, weddings and events, and a rise in inbound tourists keep hotel occupancy and room rates in focus. Limited supply of quality rooms in key cities supports pricing for well-located hotels. Knowing what moves travel demand and seasonality helps you compare hotel stocks with the right questions in mind.
Occupancy, average room rate and revenue per available room are the core yardsticks, and operating margin shows how well costs are managed. Asset-light players earn management fees, while owners carry property value on their balance sheet. A good hotel stocks compared routine therefore tracks occupancy, average room rate, revenue per available room and net debt.
Risks to Weigh When You Compare Hotel Stocks
Hotel stocks are seasonal and depend on travel demand, event calendars and new room supply in each city. Owners also carry debt for property, so interest costs matter. Read the commentary on occupancy and room rates in each filing before you compare them. Every hotel stock comparison has blind spots, and for this group the biggest is travel demand and seasonality.
Because occupancy, average room rate, revenue per available room and net debt drive these businesses, the most useful habit is to read the management commentary that comes with every result and note what is expected for the next quarter. Read together, the risk notes and the tables make this hotel stocks compared guide a balanced starting point.
How to Compare Hotel Stocks and Build a Shortlist
Start by deciding whether you want a luxury-led group, an upscale owner or a mid-priced chain, because each responds to different triggers. Luxury names reward readers who track room rates, while mid-priced chains reward those who track occupancy and expansion. Done step by step, this hotel stocks compared routine becomes repeatable rather than a one-off exercise.
Then check debt and seasonality, because property is funded with borrowing and demand peaks in certain months. Spreading your attention across one luxury-led and one mid-priced name is a simple way to see both sides of the sector. Keep the shortlist of best hotel stocks short enough that you can actually follow each company’s quarterly results. When you compare hotel stocks again after new results, update only the rows that changed instead of starting over.
The Univest stock screener lets you filter hotel stocks by market capitalisation, return on equity and price to earnings, and the app keeps live prices a tap away through the trading day. Come back to this hotel stocks compared page after the next set of results to see which numbers have moved.
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Conclusion: Hotel Stocks Compared at a Glance
This hotel stocks compared review on price, valuation and Q2 FY27 results shows that no single name wins every measure. Indian Hotels leads on size and Chalet Hotels leads on return on equity, while the others bring their own strengths. Treat the hotel stocks Q2 FY27 results and hotel stocks valuation tables as a research starting point, then check the filings and speak to a SEBI-registered advisor before you invest. If you plan to compare hotel stocks again next quarter, the same checklist of price to book, debt to equity and occupancy will work.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions on Hotel Stocks Compared
Which are the top hotel stocks compared in this article?
Ans. The hotel stocks compared in this article are Indian Hotels, EIH, Chalet Hotels, Lemon Tree and ITC Hotels. They are checked on previous close, market capitalisation, price to earnings, price to book, return on equity and the latest quarterly results, giving you a quick, even-handed view of the group ahead of any detailed filing review.
Which hotel stock has the highest market capitalisation?
Ans. Among the five names, Indian Hotels has the highest market capitalisation at Rs 1,20,664 crore. ITC Hotels follows at Rs 36,123 crore. The figure reflects what the market is paying for the whole company today, and it will change as prices move, so refresh it before you decide.
Which of these hotel stocks has the lowest price to earnings ratio?
Ans. On hotel stocks valuation, EIH has the lowest price to earnings ratio among these hotel stocks at 25.28, based on the latest reported earnings. Indian Hotels sits at the other end at 50.91. The lowest ratio is not a verdict on the stock, since earnings growth and quality decide whether a multiple is fair.
Which hotel stock has the highest return on equity?
Ans. Chalet Hotels reports the highest return on equity in this group at 17.45%. A higher return on equity points to a company that turns shareholder funds into profit efficiently. Check the trend over time and the debt level before leaning on a single reading.
How did hotel stocks perform in Q2 FY27 results?
Ans. Three of the five names have filed Q2 FY27 numbers in our data. ITC Hotels recorded the fastest revenue growth at 25.0% year on year. ITC Hotels showed the sharpest net profit rise at 52.0%. For hotel stocks Q2 FY27 results, the others are covered on their latest reported quarter, and each filing on the exchange website carries the full detail.
What are the main risks when you compare hotel stocks?
Ans. Hotel stocks are seasonal and depend on travel demand, event calendars and new room supply in each city. Owners also carry debt for property, so interest costs matter. Read the commentary on occupancy and room rates in each filing before you compare them. Keep an eye on occupancy, average room rate, revenue per available room and net debt.
Which metrics matter most when you compare hotel stocks?
Ans. Occupancy, average room rate, revenue per available room and operating margin matter most for operating performance. Price to book, return on equity and debt to equity show how the market values the property and how it is funded. Read each filing for these along with the numbers in this article.
Which is the best hotel stock to buy among these five?
Ans. The best hotel stock depends on whether you value luxury brands, upscale assets or network growth, because the five names differ on all three. On the numbers in this article, Indian Hotels has the largest market capitalisation; EIH has the lowest price to earnings; Chalet Hotels has the highest return on equity; ITC Hotels has the highest dividend yield. The leaders change from row to row, so no stock stands out on everything, and this article is not advice. Shortlist from the tables, verify with the latest filings, and consult a SEBI-registered advisor, since time horizon and risk appetite matter most.
