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Hotel stock investors fear June quarter due to coronavirus impact

Hotel stocks are likely to remain under pressure until the situation comes under control

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3 min read Last Updated : Mar 12 2020 | 11:30 PM IST

With stringent curbs on foreign tourists’ travel by India up to April 15 due to coronavirus, stocks of major hotel players like Indian Hotels, Lemon Tree Hotels, Chalet Hotels and EIH, among others plunged by 10-20 per cent in Thursday’s trading session and hit their 52-week or all-time low. The decline was much higher than the 8 per cent fall in leading indices such as the BSE Sensex amidst bearish sentiment.

Companies such as Indian Hotels and Chalet Hotels, which relatively have a higher share of foreign tourists, could see sharper impact on their topline and operating profit. While foreign

Topics : Coronavirus Hotel industry hotel stocks Hotel Chains hotel business Hotel sector Compass

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