As bears roam the street, stay checked-in and in the room? 5 hotel stocks with an upside potential of the up to 41%

Thirty years back, in 1994, when the Indian market saw its first bull run after the Harshad Mehta scam, the top gainer was the hotel sector. In those days, the logic offered in brokerage research reports was that, as the economy opened up, foreign business travelers would flock to India, leading to higher occupancy. And as it is not easy to set up 5-star hotels, the demand-supply equation would favor them. Today, while foreign visitors are a factor, it is the ever-traveling Indian and domestic business travelers who matter. Demand is again higher than supply, favoring hotel bottom lines. It is among the few sectors where even Q4 results may surprise the street. So does one stay, or check-out because bears are ruling the street?