Hotel stocks to check-in | Why buy Leela, Lemon Tree, ITC Hotels ahead of Diwali, holiday season? JM Financial explains

JM Financial expects hotel-sector RevPAR to grow 12–13% year-on-year in Q2 FY27, supported by leisure, corporate and event demand. It favors Leela, Lemon Tree and ITC Hotels, with Leela forecast to lead same-store growth at 15–16%.