Hotel stocks surge as govt allows resumption of hospitality services from June 8
/Key Take Away
Hotel stocks are rallying after the Home Ministry's announced the re-opening of economic and other activities in the country except for containment zones, which will continue to remain in lockdown till June 30.
The government has allowed hotels, restaurants, and other hospitality services to resume operations from June 8 onwards.
Hotel Association of India Vice President K.B. Kachru said, "The pandemic and consequent lockdowns have had a disastrous impact on the hotel sector."
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