Tourism - Hotel stocks

Hospitality industry has great potential in coming years due to booming economic activity and high inflow of foreign tourists. Growing at CAGR of 15%. It has also seen spectacular growth in the past. Government incentives also boosts this thriving sector. Mid cap stocks such as Asian Hotels, Hotel Leela Ventures and Taj GVK Hotels are good bet in this sector. All these stocks trading at more or less same P/E levels compared to their large cap peers. Promising investment.