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Hotel re-opening hope post Covid-19 fires up EIH, Lemon Tree, Chalet Hotels

According to reports, the Delhi Disaster Management Authority on Wednesday approved re-opening of all hotels in the capital besides allowing weekly markets on a trial basis

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The Covid-19 induced lockdown and the consequent loss of business may lead to debt pile of Rs 45,000 crore for players in the organised sector

SI Reporter New Delhi

2 min read Last Updated : Aug 20 2020 | 2:38 PM IST

Hotel stocks such as EIH, Indian Hotels, Lemon Tree, and Chalet Hotels were trading higher in a weak market, buoyed by the possibility of hotels reopening in the national capital after a stringent Covid-19 induced lockdown since March 2020.

According to reports, the Delhi Disaster Management Authority on Wednesday approved re-opening of all hotels in the capital besides allowing weekly markets on a trial basis. All these will resume with social-distancing guidelines and and preventive measures.

Individually, EIH surged the most, rallying 10 per cent to hit an intra-day high of Rs 88.7 per share. Besides, Chalet Hotels soared

Topics : Buzzing stocks hotel stocks Markets hotels

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