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Friday, 13 March, 2020, 15 : 00 PM [IST]

Visa suspension may cost travel & hospitality industry INR 8,500 crore

According to a PTI report, the travel and hospitality industry is headed for its worst crisis with at least INR 8,500-crore hit in revenue due to suspension of most visas over fears of spread of coronavirus that would result in lower footfall and drop in business for tour operators, hotels, and the aviation industry. Hotels and tour operators have seen a spurt in cancellations, particularly after the WHO declared the outbreak a pandemic. At least 40 per cent of rooms across big chains of hotels are going empty, while banquet bookings have been cancelled, industry officials and associations said.
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