India's travel industry braces for hit from Modi's appeal to avoid foreign trips - Reuters
India's travel industry braces for hit from Modi's appeal to avoid foreign trips Reuters
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<a href="https://news.google.com/rss/articles/CBMitAFBVV95cUxQYWVyUnpKcWxKV2pWd2dMTktTektiakxoXzc5ODFwNDE5SFdLQllyS21LbWdfeTFxX3RqZXpFS2xKNnJneVNyLWRjVTBxMEpuak5XVzBqMmxjV3ExNGpGOHpvVHAyOUF0Z01Jd2plakp2Ql9XSVdpZzVnOHp5a0ZtRjQ1LTdMV0VpcGhZUG42MGp4TS15WjJRc2d5Ul85dkFkMHgxTk03ZFlfZC01M0xjNENfcnQ?oc=5" target="_blank">India's travel industry braces for hit from Modi's appeal to avoid foreign trips</a> <font color="#6f6f6f">Reuters</font>
India's travel industry fears a decline in bookings following Prime Minister Modi's appeal to avoid unnecessary foreign travel, with summer overseas inquiries dropping by up to 15%.
Shares of major travel and hospitality companies fell by up to 5% following Prime Minister Modi's appeal to reduce foreign travel amid rising economic risks.
Hotel chains and industry bodies expect stronger domestic tourism demand after PM Modi urged citizens to avoid non-essential foreign travel.
Travel stocks fell sharply after PM Modi's appeal to avoid foreign travel, with Yatra down 5.44% and Thomas Cook down 3.97% by 9:45 am.
PM Modi urges Indians to work from home and avoid foreign trips during the global energy crisis due to the Iran war.
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