The Indian tourism sector is enjoying its golden age in 2025, and tourism stocks are among the best investment options for savvy investors. With India’s tourism sector worth $33.8 billion and projected to grow at a robust rate, these businesses are well-placed to take advantage of the travel boom in the country. From travel booking websites to travel services, hotel chains, and tourism stocks, investors can gain exposure to India’s stunning growth narrative with growing numbers of people traveling for business and leisure.
Why Invest in Tourism Stocks?
Tourism stocks are equities of companies offering travel-related services such as online bookings, hotels, airlines, travel agencies, and entertainment spots. Indian tourism is supported by a number of strong growth drivers that make the stocks suitable for long-term investors. For the first point, India’s increasing middle class with greater disposable income is pushing domestic and international travel demand. Secondly, India’s rich cultural heritage and variety of tourist spots bring in millions of tourists annually.
The industry also gets a boost from digitalization, as internet-based travel websites simplify booking tickets, accommodations, and trips. Furthermore, initiatives by the government such as “Incredible India” campaigns and infrastructure upgradation are enhancing the growth in tourism. With the hospitality sector of India estimated to be $24.61 billion in 2024 and projected to be at $31.01 billion by 2029, the tourism stocks provide great growth opportunities.
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Best Tourism Stocks in India 2025
Here are the top 10 tourism stocks that provide the best investment opportunities in 2025, as per their market position, financial status, and growth opportunity:
| Company Name | Current Price (₹) | Market Cap (₹ Cr) | PE Ratio | 52-Week High (₹) | 52-Week Low (₹) | Dividend Yield (%) |
|---|---|---|---|---|---|---|
| Indian Railway Catering & Tourism Corp (IRCTC) | 715.45 | 57,236 | 43.53 | 934.00 | 656.00 | 1.12 |
| TBO Tek Ltd | 1,543.50 | 16,761 | 72.90 | 1,891.60 | 985.70 | 0.00 |
| Thomas Cook India Ltd | 166.60 | 7,837 | 30.30 | 225.40 | 118.10 | 0.30 |
| Wonderla Holidays Ltd | 647.60 | 4,082 | 37.40 | 748.00 | 520.00 | 0.30 |
| Easy Trip Planners Ltd (EaseMyTrip) | 8.40 | 3,044 | 28.00 | 19.80 | 8.20 | 0.00 |
| Yatra Online Ltd | 149.00 | 2,339 | 48.20 | 174.00 | 65.50 | 0.00 |
| BLS International Services Ltd | 345.70 | 14,652 | 28.83 | 521.80 | 308.25 | 0.28 |
| Dreamfolks Services Ltd | 107.20 | 572 | 8.23 | 471.35 | 101.40 | 0.00 |
| Le Travenues Technology Ltd (Ixigo) | 279.55 | 5,421 | 180.90 | 329.90 | 118.60 | 0.00 |
| Ecos India Mobility & Hospitality Ltd | 270.35 | 1,736 | 62.20 | 350.00 | 200.00 | 0.00 |
Brief Explanation of 10 Best Tourism Stocks in India
Indian Railway Catering & Tourism Corporation (IRCTC)
IRCTC is India’s biggest tourism stock with a market cap of ₹57,236 crores and holds a monopoly over online railway ticket booking. The firm processes more than 1 million bookings every day and also owns catering service operations on Indian Railways. Though there have been recent price corrections from its 52-week high, IRCTC is still a good long-term bet with consistent dividend yield of 1.12%. The firm’s high profitability and key role in India’s transportation infrastructure make it one of the favorites for conservative investors.
TBO Tek is one of the prominent travel technology platforms offering B2B travel solutions to travel agencies and businesses globally. With a market capitalization of ₹16,761 crores, it’s India’s second-largest tourism stock. The company has posted growth with strong global reach and enjoys the advantages of the digitalization of travel services. Nevertheless, investors must look beyond the high PE ratio of 72.90 that reflects premium valuations.
Thomas Cook India Ltd
Thomas Cook India is one of the oldest and most reliable names in Indian travel industry with complete travel services. The company had 15% year-on-year revenue growth in Q1 FY26 and 18% growth in profit before tax. With a decent PE ratio of 30.30 and market cap of ₹7,837 crores, the stock is value for money. Growth opportunities are provided by the company’s emphasis on international travel and MICE (Meetings, Incentives, Conferences, Exhibitions) segment.
Wonderla Holidays Ltd
Wonderla Holidays runs amusement parks in India and has provided stunning 41.18% returns in the last 3 years. The market capitalization of the company is ₹4,082 crores with decent PE ratio of 37.40. Even after recent volatility, Wonderla derives benefits from the increasing entertainment and family recreation market in India. The company has robust financial parameters with ROE of 15.5% and ROCE of 20.9%.
Easy Trip Planners Ltd (EaseMyTrip)
EaseMyTrip is India’s top online travel company with a zero-convenience-fee model. The business has suffered from steep price fall, trading at ₹8.40 versus its 52-week high of ₹19.80. With a PE ratio of 28.00 and market cap of ₹3,044 crores, the stock could be value for contrarian punters. The company’s differentiated business model and brand recall offer recovery potential.
Yatra Online Ltd
Yatra Online is a diversified travel services company selling flights, hotels, holidays, and travel insurance. The company has registered good profit growth of 29.7% CAGR in the past 5 years despite challenges faced in recent times. The market cap of ₹2,339 crores and PE ratio of 48.20 make Yatra available to tap India’s increasing online travel space. The diversified services and strong brand presence of the company provide stability.
BLS International Services Ltd
BLS International offers visa and consular services, passport services, and citizen services in various countries. The company recently won a huge ₹2,055.35 crore order from UIDAI, which improved investor sentiment. With a market value of ₹14,652 crores and decent PE ratio of 28.83, BLS offers novel exposure to government services and overseas travel documentation. The company has a robust order book with revenue visibility.
Dreamfolks Services Ltd
Dreamfolks Services offers airport lounge entry and associated travel solutions to customers and credit card companies. The company has registered robust financial performance with excellent return on equity record of 35.2% over 3 years. In spite of recent price softness, Dreamfolks boasts low PE ratio of 8.23, making it value investor’s favorite. The company’s niche business model and increasing airport infrastructure support its business.
Le Travenues Technology Ltd (Ixigo)
Ixigo is an online travel search marketplace to discover and book trains, flights, buses, and hotels. It recently went public with a market cap of ₹5,421 crores. On a high PE ratio of 180.90, Ixigo is favored by India’s expanding digital travel bookings market. The technology platform and mobile-first strategy of the company are well placed to drive future growth.
Ecos India Mobility & Hospitality Ltd
Ecos operates chauffeur-driven car rentals and has delivered high return on investment of 31.52%. The firm generated revenue of ₹3,084.76 million in H1 FY25, up 14.88% year-on-year. With a market capitalization of ₹1,736 crores, Ecos gives exposure to India’s increasing mobility and hospitality services. Corporate travel demand favors the company’s concentration in high-end car rental businesses.
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Investment Considerations
- Growth Drivers for Tourism Industry: The Indian tourism industry is facilitated by several growth drivers that underpin long-term investment prospects. Increasing disposable incomes and lifestyle dynamics ensure domestic and outbound travel demand. Government investments in infrastructure at airports, roads, and tourist sites enhance visitability and travel experience. Moreover, digitalization and mobile technology simplify trip planning and booking.
- Recent Market Performance: Tourism shares have exhibited uneven performance in 2025, with certain players such as IRCTC undergoing corrections and some such as Wonderla registering consistent growth. The industry has been supported by post-pandemic normalization of travel demand and higher tourist inflows. Players with robust digital platforms and innovative business models have outshone conventional travel agents.
- Risk Factors to Consider: Tourism shares are exposed to some risks that investors ought to be aware of. Economic recession will have a major impact on discretionary expenditure in travel. Global platforms and new players could squeeze margins. Also, regulatory developments, volatilities in the price of oil, and externalities such as natural disasters influence tourism demand.
Conclusion
Indian tourism stocks offer promising opportunities for 2025, supported by robust domestic demand and increasing international tourist influx. The 10 stocks mentioned above are the best bets in various segments of the tourism value chain, ranging from online travel agencies to amusement parks and travel services.
For conservative investors, Thomas Cook India and IRCTC provide stability with in-position market leadership and stable business models. Growth-based investors may look at TBO Tek and Ixigo, which are aided by digital change and technology uptake. Value investors may find value in EaseMyTrip and Dreamfolks Services, which are reasonably valued despite having faced problems recently.
The success in tourist stock investment lies in realizing that the sector enjoys the benefit of India’s long-term economic growth and increasing prosperity. Strongly established digital presence, business differentiation, and operational efficiency are likely to take their stocks up. With India’s tourism sector poised to keep growing, fuelled by government pushes and infrastructure development, the stocks represent high long-term wealth creation opportunities.
Diversify across tourism sub-sectors instead of focusing in a single space. The confluence of rising domestic travel, international visitors, and digital penetration makes tourism stocks an attractive investment theme for 2025 and beyond. With India’s emergence as a global destination for tourists, these businesses are poised to provide rich rewards to long-term investors.
Disclaimer: This information is for educational purposes only and should not be considered as investment advice. Stock investments are subject to market risks. Please conduct thorough research and consult with a financial advisor before making investment decisions.
