The top four out of the five gainers on the BSE are currently all hotel stocks. Led by Indian Hotels, which hit a new high at Rs.169.20; TajGVK, EI Hotels and Chalet Hotels.
With festivities and holidays, long weekends, hotels have been witnessing good times with many running to full capacity. And now with the Govt allowing airlines to operate flights at 85% of pre-Covid levels, hotels are expected to get a further boost in business.
The aviation ministry has also revised the timeline for fare bands on airline ticket prices, with the bands to now be rolled over in 15 days instead of 30 days at present.