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New Variant Sends Shockwaves Into Airline Hotel Stocks

The new coronavirus variant has already started affecting stocks as hotels and airlines reported a fall of 3-6 per cent today itself. The new variant is apparently, already affecting travel plans in Africa, Asia and parts of Europe. Currently, the Centre has asked all states and union territories to conduct rigorous screening and testing of travellers coming from or transiting through South Africa, Hong Kong and Botswana, where the new strain has been reported. Rumours say that the new variant could be vaccine-resistant. The new variant also spooked the market, which was flashing red in the morning trade. At 10.12 am,The new coronavirus variant has already started affecting stocks as hotels and airlines reported a fall of 3-6 per cent today itself. The new variant is apparently, already affecting travel plans in Africa, Asia and parts of Europe. Currently, the Centre has asked all states and union territories to conduct rigorous screening and testing of travellers coming from or transiting through South Africa, Hong Kong and Botswana, where the new strain has been reported. Rumours say that the new variant could be vaccine-resistant. The new variant also spooked the market, which was flashing red in the morning trade. At 10.12 am, […]

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