New Delhi, May 11 -- Shares of hospitality companies, including Indian Hotels Company Limited (IHCL), EIH Limited, Chalet Hotels, Lemon Tree Hotels, Samhi Hotels, and Juniper Hotels, declined over 2% on Monday, 11 May.

The fall followed Narendra Modi's urging citizens to reconsider the rising trend of overseas weddings, vacations, and leisure travel. He called for a temporary pause on foreign trips for at least a year amid the ongoing global crisis.

Emphasising national responsibility during challenging times, the Prime Minister encouraged people to prioritise domestic travel and support the local economy.

(more to come)

Published by HT Digital Content Services with permission from MINT....