Best Tourism Stocks in India for Multibagger Returns

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Aesthetic locations and scenic landscapes made India a hub of tourism across the world. This rich heritage of tourism influences most people across the country. According to the Ministry of India, around 56 lakh foreign tourist arrivals have been recorded through August 2025. The official reports indicate 32.41 lakh FTAs occurred between January and April 2025, and it is projected to grow to US$54.34 billion by 2030. The tourism industry is not just growing; it is exploding with a massive customer base. 

Investors should consider tourism stocks, as they offer the best opportunity to invest in this promising sector. The tourism sector stocks provide long-term investment opportunities and are highly beneficial for growth potential and stability. Thus, tourism stocks in India could help investors generate higher returns in the stock market.   

What are Tourism Stocks in India?

Tourism stocks represent the shares of publicly traded companies that earn revenue from travel and leisure activities. These businesses work across the travel ecosystems and serve millions of people who enjoy vacations, explore new places, or travel for work each year. India has become a popular travel and tourism sector in recent years. 

Tourism stocks operate across sectors such as airlines, hotels, online travel agencies, and related services. It helps investors to diversify their portfolios. However, to invest in the best tourism stocks in India, investors must choose highly reputable companies with strong fundamentals that operate at full efficiency or effectiveness.     

Top 10 Tourism Stocks List in India 

Most people still need clarification on what travel & tourism stocks are and how they help people earn money. Investors interested in the tourism sector can buy individual stocks after thorough research or explore mutual funds and ETFs to invest in the best tourism stocks in India. The best tourism stocks in India include ixigo, MakeMyTrip, IRCTC, Easy Trip Planners, Yatra, India Tourism Development, and more. Investing in such high-growth stocks could help you build ultimate wealth.

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Overview of the Best Tourism Stocks in India 

1. IXIGO 

Founded: 2007

Headquarters: Gurugram, Haryana

Market Capitalisation: ₹69.39 billion

Ixigo is an Indian online travel portal headquartered in Gurgaon. Launched in 2007, ixigo aggregates real-time travel information, prices, and availability for flights, trains, buses, and hotels, and allows ticket booking through its associate websites and apps. In August 2011, ixigo received $18.5 million in investment from SAIF Partners and MakeMyTrip. In 2015, smartphone maker Micromax Informatics invested an undisclosed amount in Ixigo. The total revenue of ixigo is approximately ₹655 crore, with a net income of ₹73 crore. 

2. MakeMyTrip

Founded: 2000

Headquarters: Gurugram 

Market Capitalisation: US$7.25 billion

MakeMyTrip Limited is an Indian online travel company, headquartered in Gurgaon. Founded in 2000, it operates an online travel-booking platform for travel services such as airline tickets, hotel reservations, holiday packages, and rail and bus tickets. The company also maintains offices outside India, including locations in New York, Singapore, Kuala Lumpur, Phuket, Bangkok, and Dubai and Istanbul. MakeMyTrip’s total revenue is approximately US$783.0 million. It is one of the best tourism stocks in India for investing in the long term.   

3. IRCTC

Founded: 1999

Headquarters: New Delhi, India

Market Capitalisation: ₹564.24 billion

IRCTC is an Indian public sector undertaking that provides ticketing, catering, and tourism services for the state-owned Indian Railways. It was established in 1999 by the Government of India and operated under the administrative control of the Ministry of Railways. In 2019, it was listed on the National Stock Exchange and the Bombay Stock Exchange, with the government holding a 67% stake. As of December 2023, there are 66 million registered users with IRCTC, with a daily average of 7.31 lakh tickets booked. The total revenue of the IRCTC is approximately ₹4,675 crores, with the total operating income of ₹1,580 crores and the net income of ₹1,315 crores. 

4. EasyMy Trip 

Founded: 2008

Headquarters: New Delhi, India

Market Capitalisation: ₹2,735 crores

EaseMyTrip is an Indian multinational online travel company, headquartered in New Delhi. It was founded in 2008 by Nishant Pitti and Rikant Pitti. The company provides hotel bookings, air tickets, domestic and international holiday packages, bus bookings, and white-label services. The total revenue of Ease My Trip is approximately ₹590 crores, with the operating income of ₹228 crores and the net income of ₹157 crores. It is considered one of the best tourism stocks in India for the long term.  

5. Yatra    

Founded: 2006

Headquarters: Gurugram, Haryana

Market Capitalisation: ₹8.24 billion

Yatra is an Indian online travel agency and travel search engine. It was founded by Dhruv Shringi, Manish Amin, and Sabina Chopra in August 2006. Early investors included Reliance Venture Asset Management and Web18 of the Network18 Group. Yatra made three acquisitions, including ticket consolidator Travel Services International (TSI) in October 2010, a global distribution system provider, and Indian events and entertainment portal BuzzlnTown. The total revenue of the Yatra is approximately ₹422 crores, with the operating income of ₹53 crores, and the net income is ₹4.5 crores.    

6. India Tourism Development Corporation 

Founded: 1966

Headquarters: New Delhi, India

Market Capitalisation: ₹50.85 billion

The India Tourism Corporation is a hospitality, retail, and education company owned by the Government of India, under the administration of the Ministry of Tourism. Established in 1966, it currently owns over 4 properties under the Ashok Group of Hotels brand across India. One of the hotels the government developed was the Akbar Hotel in Chanakyapuri, which was built from 1965 to 1969. It remained a hotel until the mid-1980s, when it was converted into office space. It is the best tourism stock in India for investment due to its stability. 

7. Tbo Tek

Founded: 2006

Headquarters: Gurugram, Haryana

Market Capitalisation: ₹166.0 billion

Travel Boutique Online is India’s leading travel distribution platform. Our technology enables travel buyers and suppliers to come together and seamlessly create joyful experiences for travellers all over the world. It is a travel technology company that operates as a global B2B travel distribution platform. It was incorporated in 2006 and connects travel buyers and suppliers to book travel services, such as flights and hotels. The company was founded by Gaurav Bhatnagar, Ankush Nijhawan, and Nishant Pitti. The platform allows sellers to display and market their inventory while setting prices for buyers. 

8.  Thomas Cook 

Founded: 1881

Headquarters: Mumbai, Maharashtra

Market Capitalisation: ₹63.21 billion

Thomas Cook Group plc was a global travel group headquartered in the United Kingdom and listed on the London Stock Exchange from its formation on 19 June 2007 by the merger of Thomas Cook AG, successor to Thomas Cook & Son, and My Travel Group, until 23rd September 2019, when it went into compulsory liquidation. The total revenue of Thomas Cook is approximately ₹584 million, with the operating income of ₹250 million and the net income of ₹163 million. Thomas Cook Retail Limited was the UK travel agent and successor to Thomas Cook & Son stores. It was a subsidiary of the Thomas Cook Group, which operated 555 travel stores across the United Kingdom. 

9. Mahasagar Travels

Founded: 1993

Headquarters: Gujarat, India

Market Capitalisation: ₹4.28 crores

Mahasagar Travels Ltd is engaged in providing services to tourists in the state and thereby in the service sector. Since the company’s core business is service, quality, facilities, and safety are the management’s prime concerns. It is involved in two segments, namely Travels and Petroleum. The travel segment generates maximum revenue for the company. It mainly operates a bus service with a fleet of various bus types, including AC and non-AC sleeper and seater options. It connects Jungadh to major cities across Gujarat and Mumbai. 

10. Travels & Rentals Ltd

Founded: 1996

Headquarters: Kolkata, West Bengal

Market Capitalisation: ₹35 crores

A travel agency is a private retailer or public service that provides travel and tourism-related services to the general public on behalf of accommodation or travel suppliers to offer different kinds of travel packages for each destination. Travel agencies can provide outdoor recreation, arrange logistics for luggage and medical item delivery for travelers upon request, provide public transport timetables, arrange car rentals, and offer bureau de change services. Travel agencies can also serve as general sales agents for airlines without offices in a specific region. 

Tourism Stocks in India with 6-Month Return

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Tourism Stocks in India with P/B Ratio

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Factors to Consider When Investing in Tourism Stocks in India 

The Indian stock market is unpredictable and may face many issues, such as high or low market volatility, environmental changes, economic fluctuations, and many more. Investing in the best tourism stocks in India can help investors earn stable returns and grow more effectively in the short term. Investors must consider some factors before investing in the best tourism stocks in India, so they must know the terms and conditions before investing in them. 

Below, we are discussing the factors that may affect the best tourism stocks in India:

• Economic Sensitivity: The tourism sector is susceptible to economic conditions. An upward or downward trend in financial activity can lead to reduced travel demand, which can impact the company’s revenue and may fluctuate the company’s share price in both negative and positive ways, so investors must consider this factor before investing in the best tourism stock in India.
• Financial Stability: Investors must assess a company’s economic performance before investing in tourism sector stocks in India. High growth profits and a reasonable earnings ratio may influence investors’ decisions and ensure a solid balance sheet and stable cash flows, with strong management quality.
• External Factors: Tourism sector stocks are influenced by global events, such as pandemics, geopolitical conflicts, and natural disasters, which can negatively affect the tourism industry in the near and long term. Some environmental factors also influence the tourism stocks in India. 
• Government Policies: Investors must stay informed about the government policies that may affect the tourism industry, such as visa regulations and infrastructure development. Likewise, in the travel and tourism sector, various regulations must be complied with. While exploring tourism stocks in India, check the company’s previous records before investing. 
• Market Stability: Investors may opt for tourism sector stocks with a strong market presence and positive brand reputation, as these factors may contribute to sustained growth. Changes in market fluctuations may impact the best tourism stocks in India. 

Tourism Stocks in India with P/E Ratio

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Benefits of Investing in the Best Tourism Stocks in India 

Investing in tourism sector stocks is beneficial for investors, as they offer high long-term growth potential, technological advancements, government support, diversified revenue streams, and global exposure within the Indian market.  

Below, we discuss the benefits of investing in the best tourism stocks in India.

• Long-term growth potential: Long-term growth in the tourism sector drives the country’s economic growth and contributes significantly to the country’s GDP, thereby boosting tourism sector stocks in India.  
• Technological Advancements: In this highly innovative era, many companies must adopt technological advances to survive in a competitive market. Highly advanced companies enjoy the benefits of sustainability in the highly competitive era and maintain their operational structure. 
• Government Support: The tourism sector is vast and continuously growing, with the government introducing policies that support the industry, thereby positively impacting tourism stocks in India and helping them rise.    
• Diversified Revenue Streams: Investing in the best tourism stocks in India offers diversification for all investors, as tourism spans hotels, airlines, airports, cars, and more, each with distinct economics, so investors can choose based on their interests.  
• Global Exposure: Tourism offers worldwide exposure without leaving India, and investing in the best tourism stocks allows investors to diversify their portfolios beyond domestic markets and industries. Companies that operate internationally may earn revenues in multiple foreign currencies.

Risks of Investing in the Best Tourism Stocks in India 

Investors must consider several factors before investing in tourism sector stocks, as the market is constantly changing and may experience economic downturns and aggressive competition. Below, we discuss the risks associated with the tourism sector stocks.  

• Seasonality: The tourism industry is highly seasonal, as most revenue is generated through tourism stocks during peak seasons such as summer, winter, and holidays and festivals. It does not generate that much revenue in other seasons, so investors must consider this. 
• Global Events: Uncertain events may impact tourism sector stocks in India, such as pandemics (e.g., COVID-19), wars, political instability, or natural disasters, which can negatively influence the best tourism stocks in India. 
• High Operating Costs: The tourism sector faces high operating costs because maintaining hotels, booking air tickets, securing rooms, and covering other expenses require significant expenditures, so investors must consider this factor before investing in the best tourism stocks in India.
• Currency Fluctuations: Currency fluctuations may affect tourism sector stocks in India, as changes in global currency values can influence the tourism sector. Investors must consider the valuations of the international currencies before investing in the best tourism stocks in India.   
• Regulatory Changes: The government’s role in the tourism sector is high, so any change in government policies may negatively impact tourism stocks. Investors must consider the government’s impact before investing in Indian tourism stocks.

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How to Invest in the Best Tourism Stocks in India 

Investing in tourism stocks in India requires a thorough understanding of the tourism sector, including the companies operating in it. Here are some steps to consider before investing in the best tourism stocks in India.  

• Research: Begin by researching the tourism sector on Univest, including travel stocks, their applications, and the companies involved in these stocks. Understanding market dynamics & the factors that influence tourism prices is crucial. Select the best tourism stocks on NSE.  

• Choose a Brokerage Account: Open a brokerage account with Univest to buy and sell tourism stocks. Look for a platform that offers comprehensive research tools and low trading fees. 

• Select Metal Stocks: Choose the best tourism stocks on the NSE that align with your investment goals and risk tolerance. Consider factors such as the company’s financial health, growth prospects, and market position. 

• Monitor and Adjust: Continuously monitor the performance of your tourism stock on the Univest and adjust your portfolio as needed. Stay informed about market trends, economic indicators, and company-specific information on the Univest app.

Who Should Explore the Tourism Stocks in India?

Tourism sector stocks can be an attractive option for different types of investors:

• Growth Investors: Those who are seeking long-term capital appreciation may find tourism industry stocks appealing due to their potential for high returns during economic downturns. The prevailing market conditions may offer investors an opportunity to invest in long-term stocks. 
• Diversified Portfolio Holders: Investors looking to diversify their portfolios beyond traditional sectors, such as finance and technology, which can include travel sector stocks for added exposure. It offers an opportunity for diversification in multiple sectors for investment. 
• Cyclical Investors: Individuals who are comfortable navigating economic cycles may capitalise on higher returns during peak travel seasons and economic recovery periods, so these investors should explore tourism stocks in India. 

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Conclusion

Investing in tourism stocks offers a unique opportunity to tap into a sector crucial to India’s economy and to its growth. However, like any investment, the tourism sector shares its own set of risks. By understanding the dynamics of the tourism industry stocks and considering the factors outlined above, investors can make informed decisions to benefit from the robust growth of travel and tourism stocks in the NSE. Careful selection, diversification, and an eye on the market trends are key to making the most out of the travel and tourism sector. Investors should consider tourism stocks, as they offer the best opportunity to invest in this promising sector. 

FAQs

What are the tourism sector stocks?

Ans. Tourism stocks represent the shares of publicly traded companies that earn revenue from travel and leisure activities. These businesses work across the travel ecosystems and serve millions of people who enjoy vacations, explore new places, or travel for work each year. 

What is the future of tourism stocks in India?

Ans. The future of tourism in India looks promising, with international tourist arrivals projected to reach 30.5 mn by 2028. According to the World Travel & Tourism Council (WTTC), India’s Travel & Tourism GDP is expected to grow at an average rate of 7.1% annually over the next decade, and the future of tourism stocks in India is considered promising due to strong growth projections, and other key players to watch include IRCTC, TBO Tek, and many others. 

Who is the market leader in the tourism sector?

Ans. IRCTC is often seen as a market leader, established in 1999 by the Government of India and operated under the administrative control of the Ministry of Railways, with total revenues of ₹4,675 crores and operating income of ₹1,580 crores. A few years back, the government divested a further 5% of its share, reducing its ownership to 62.4%. 

What are the five sectors in the tourism industry?

Ans. The five main sectors in the tourism industry are accommodation (hotels, resorts), transportation (airlines, railways), food and beverages (restaurants, catering), entertainment and recreation (amusement parks, events), and travel services (travel agencies, tour operators). 

What are the risks involved in investing in the tourism sector stocks?

Ans. The tourism industry is highly seasonal, as most revenue is generated through tourism stocks during peak seasons such as summer, winter, and holidays and festivals. It does not generate that much revenue in other seasons, so investors must consider this. Uncertain events may impact tourism sector stocks in India, such as pandemics (e.g., COVID-19), wars, political instability, or natural disasters, which can negatively influence the best tourism stocks in India.  

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