| Taj GVK Hotels & Resorts dropped 4.04%, while India Tourism Development Corporation fell 3.37%. EIH Associated Hotels declined 3.36%, and Chalet Hotels slipped 3.24%.
Among other hospitality players, Asian Hotels (North) fell 2.92%, Lemon Tree Hotels declined 2.02%, and Kamat Hotels slipped 0.54%. Meanwhile, Indian Hotels Company edged down 0.67%, while EIH was marginally lower by 0.11%.
The decline comes as escalating geopolitical tensions raise concerns over a potential slowdown in international travel. A spike in crude oil prices could push airfares higher, prompting travellers to defer leisure trips and affecting hotel occupancy, food and beverage revenues, and other ancillary spending.
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