Corona attack on travel & tourism Industry, where is India ?

first_imgThe tourism industry has been badly affected by the Corona virus epidemic. Lockdown till 14 April across the country has broken the back of the tourism industry. This has created employment crisis in front of 38 million people associated with the industry. Crores of people in India are directly or indirectly connected to the tourism industry.In this context, the Federation of Association of Indian Tourism and Hospitality (FAITH), an organization of the tourism sector, has already conveyed to the government that efforts need to be made to save this five trillion rupee industry from damage. Even before the lockdown, many airlines and travel companies had sent more than 35 percent of their employees on leave without salary.According to industry association, the travel and tourism sector accounted for 9.2 percent of India’s GDP in 2018 and provided 2.67 crore jobs.The corona virus spread as a global pandemic will have the most impact on the hotel, tour and travel, aviation, catering, construction, and entertainment sectors. It is a challenge for companies to keep them standing in queues in airport parking and repair them. The company has to spend a huge amount in the maintenance of the aircraft.Relief sought from the governmentA major industries association for the tourism and hospitality sector affected by the Corona virus epidemic has demanded a six-month relief in debt repayment, one-year exemption in GST and a special fund for the sector.18-20% reduction in bookings, fares reduced by 12-14%The Confederation of Commerce of India (ICC) has said that most tourism companies affected by the Corona virus epidemic need interim relief from the government for at least six months in EMIs, taxes and salaries of employees. ICC  said, “Due to the corona virus epidemic, bookings for the entire year has decreased by 18-20 percent in 2020, while the average daily fare has come down by 12-14 percent.”The industry association has sought a number of reliefs from the central government, including extending the loan repayment proposal by RBI by three months to six months and complete exemption in A GST for one year for tourism, travel, and hospitality sectors. “The ICC has suggested creating a travel and tourism sustainability fund, which transfers direct benefits to prevent financial loss, and employment cuts,” the ICC said in a statement.The loss to the tourism industry worldwideLockdown has been done in many cities not only in India, but also all over the world. The tourism industry is suffering the most due to this. According to the World Travel and Tourism Council (WTTC), employment of five crore people in the tourism industry could be lost. In 2020, 25 percent of tourism-related bookings have been canceled. In such a situation, the tourism industry is suffering a lot.It may take a year for the industry to recoverAccording to the WTTC study, it will take about 10 to 12 months to recover from the damage the tourism industry will suffer. Because fear has seethed in people’s minds, and they will avoid going abroad.All states are affectedTourism has been affected in every state of the country including Himachal Pradesh, Kerala, Agra and West Bengal. There has been a steep decline in booking of favorite resorts in Himachal Pradesh. Kerala’s tourism industry was preparing to attract more tourists in 2020. But here too, many tourists canceled their bookings. The tourist season which lasted till 31 March in Agra ended on 16 March. There is a silence on the paths leading to the Taj Mahal. The area of ​​Darjeeling and Terai of North Bengal is being greatly affected by the lockdown implemented across the country due to the corona virus epidemic.last_img read more