Stocks that were in focus included names like EIH, which rose 20%, Gensol Engineering, which elevated 10%, and Trent, whose shares jumped 19.48% on Wednesday. Shares fell on Tuesday, dragged by high-weightage financials and data technology shares and as consolidation continued within the holiday-truncated last week of the financial 12 months. History has shown when there are corrections in world stock markets, Australian property turns into a port within the storm. The Australian hotel trade remains cautiously optimistic about medium-term investor urge for food amid the COVID-19 pandemic, based on CBRE Research’s newest Hotel Market Survey. Essential industry news for hospitality and lodging executives in North America and Asia-Pacific. NEWTON, Massachusetts—Sonesta International Hotels Corporation announced the opening of two new upper-midscale Sonesta Essential hotels in March.
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