Signs of strong progress in the field of travel and tourism; Find out when the bullish picture will return Signs of strong progress in the field of travel and tourism know when the bullish picture will return

Signs of strong progress in the field of travel and tourism; Find out when the bullish picture will return Signs of strong progress in the field of travel and tourism know when the bullish picture will return

According to the Federation of Indian Tourism and Hospitality (FIATH), 2020-21 has been the worst year for the industry. (Signs of strong progress in the field of travel and tourism; Find out when the bullish picture will return)

Signs of strong progress in the field of travel and tourism;  Find out when the bullish picture will return

Signs of strong progress in the field of travel and tourism

New Delhi: India has always been famous for its rich traditions and ancient culture. People from all over the world come to see all the monuments related to the glorious history of India. The number of tourists coming from abroad to study the diverse culture of the country is increasing day by day. Geographical diversity also makes this country attractive in terms of tourism. The Corona epidemic, which has plagued the world for years, has hit the country’s tourism and hospitality sector hard. Restrictions on international air travel have affected the number of tourists visiting the country. The result is a huge impact on tourism-related businesses. The economic mathematics of the tourism sector has completely collapsed. (Signs of strong progress in the field of travel and tourism; know when the bullish picture will return)

FIATH expressed hope

According to the Federation of Indian Tourism and Hospitality (FIATH), 2020-21 has been the worst year for the industry. The second wave of corona hit the country this year. It caused a lot of casualties. Now another wave is brewing. The country’s tourism industry is expected to improve gradually after the wave is completely eradicated. Only then can tourism-related businesses such as hospitality, rest houses and tourism flourish, experts say.

Vaccination is likely to reverse the condition

Now there is hope among the people that as the corona vaccination campaign in the country accelerates, people will go out and the tourism situation will return to normal. In this scenario, the share price of IRCTC, Indigo and other companies associated with the travel industry may rise. It could also lead to an increase in shares related to the laser business. Analysts said the valuation of shares of Mahindra Holidays, Indian Hotels, Lemon Tree and EIH could rise.

Companies that provide travel packages will also benefit

According to experts, the technical chart of these stocks looks very good. Companies offering travel packages will also be able to reap the benefits as travel tourism and leisure activities increase. Against this backdrop, investors should keep an eye on the shares of Asimetrip, a leading online travel agency with a network of 59,000 registered travel agents. This is going to be financially rewarding for investors. Analysts predict that we may see strong growth in asymmetry in the coming quarter. Overall, the tourism industry is expected to look good again after the second wave of corona from the country. (Signs of strong progress in the field of travel and tourism; know when the bullish picture will return)

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