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Street finds comfort in hospitality stocks on hopes of recovery in biz

Share prices have risen in past fortnight on hopes of recovery in biz

Topics
hotel stocks | Hospitality sector | Indian stock markets

Devangshu Datta 



Several hotel stocks have done well on the market in the recent past — by and large they have beaten the benchmark index.
Several hotel stocks have done well on the market in the recent past — by and large they have beaten the benchmark index.

The has been hit very hard by the pandemic. In the past 18 months, it has lost business, first because of the harsh lockdowns and after that because of lack of demand due to the ensuing economic slowdown. Most hospitality businesses have sustained low revenues and losses since April 2020.

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First Published: Tue, September 21 2021. 01:53 IST

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