Tourism & hotels shares dip up to 7% as India-Pak conflict rises
Hospitality stocks saw a decline with Indian Hotels Company, ITC Hotels and Chalet Hotels sinking up to 7% in Friday's intraday session due to rising tensions between India and Pakistan. Yatra Online closed 2.79% lower, EaseMyTrip Planners and Thomas Cook India closed 2.89% lower and 2.88% lower, respectively. Demand for tourism has also declined because of the Pahalgam terror attack.