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

JM Financial expects the hotel sector's RevPAR to grow 12–13% year-on-year in Q2 FY27, driven 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%.