EIH Associated breached the 20% upper circuit and is at a new 52-week high at Rs.311.70. EIH Ltd has hit a new 52-week high at Rs.136.20, with volumes spiking up over 15 times. Indian Hotels is up almost 3% at Rs.107. Kamat Hotels is up 15% with a 37 times jump in volumes. Almost all hotel shares are up in the green.

This sudden rush for hotel stocks is on various news stating that hotel rooms have started seeing an uptick. Also hotels are about to enter the peak season of the year – the Christmas and New Year. Based on reports, it looks like this season could be one of its best as travel and bookings seem to have picked up. Those in the sector say that all indications are that this could a very good quarter for the hotel industry.