Fani limps Odisha’s hotel industry, 2,500 Cr losses

Published on : Thursday, May 16, 2019

Hotel and Restaurant Association of Odisha (HRAO) Chairman JK Mohanty said that due to cyclone Fani there were property damages at Rs 500 crore and the local business lossed were estimated to be around Rs, 2000 crore for the current fiscal year.



Puri faced severe damages which houses 800 big and small hotels, however from Wednesday onwards two of the hotels in started operation with minimum capacity. It is expected that 70-80 percent of the hotels will start operations from the first week of June.



Mohanty went on saying that Puri hotels have lost a large number of bookings in terms of leisure travel and destination weddings. In Bhubaneswar a number of national and international conferences were cancelled. The losses of hotel industry have been huge as a result of the cyclone.


There was a workshop organized by the HRAO to decide on the Short Term & Long Term planning for development of the tourism sector of the State.



Odhisha received the lowest share in the country when the foreigh tourist arrivals was concerned. It was important to overcome the effects of the cyclone FANI and come up with Long Term Policy to get more domestic and foreign tourist arrivals to the State.


The HRAO’s short term plan included restoration of power, sewerage line cleaning and restoration of drainage systems at Puri on war footing. Further, there should be clear cut instruction by the Govt authorities to provide 2 years moratorium on the existing term loans for repayment.




The HRAO proposes the Government should exempt the employer’s contribution component for PF and ESI to be exempted for a period of two years for all the hoteliers.



Tax exemption for hotel industry on the heads of GST, Holding Tax, Municipal Tax and other relevant statutory taxes were also proposed by the HRAO.



To resolve the issues on priority basis a high level committee may be formed under the administrative control of the Tourism Secretary including the professionals from hotel and tourism industry.

Related Posts

Tags: ,

Leave a Reply

Your email address will not be published. Required fields are marked *

arrow2Follow TTW
facebook-logo  twitter-logo  LinkedIn_logo  stumbleupon-logo   rss_logo 
ttw_blogger_logo  ttw_blogger_logo  ttw_blogger_logo


  • 08 imexamerica 2019
  • 14 Hotelierseries Africa 2019
  • 14 restaurantscafeslounges 19
  • 16 global-hotels-resorts 2019
  • 16 TTF 2019
  • 17
  • 17 thincindonesia 2019
  • 18 Africa Hotel & Resort 2019
  • 18 chinatravelnews2019
  • 19 China Hotel 19
  • 19 itehcmc 19
  • 19 uzakrota London 2019
  • 20 sahic 2019
  • 20 uzakrota Istanbul 2019
  • 21 qthexpo 2019
  • 21 TheHotelShowSaudiArabia 2019
  • 22 Africa Hotel Investment Forum 2019
  • 22 iitm 2020
  • 22 summitasia 2019
  • 22 TTME 2019
  • 23 PTM 2019
  • 30 PATA



      August 27 - August 29
    2. ibtm CHINA

      August 28 - August 29
    3. CITIE 2019

      August 30 - September 1
    4. TTF Ahmedabad

      August 30 - August 31

      September 3 - September 4
Get our toolbar!
Review on