Published on : Friday, March 20, 2020
India is expecting a potential loss of more than Rs. 15,000 crore for the tourism industry due to the novel corona virus pandemic, which has led to global travel restrictions and forced foreign vacationers to cancel airline reservations and hotel bookings.
As the health crisis is expected stay for quite some time, the final numbers could far exceed the amount. Hence, to control the setback, the Center is working on a recovery plan for the tourism industry.
On Tuesday, the culture ministry shut down all centrally protected monuments for the public till March 31 for restraining corona virus.
The Indian Association of Tour Operators (IATO), an apex tourism industry association, has estimated that the losses amount to Rs. 15,000 crore in foreign exchange with a lot of job losses resulting from a slump in tourist arrivals in March and April.
Union minister of tourism and culture Prahlad Singh Patel said that the ministry is holding internal discussions to bring out a relief plan. “This is a global pandemic and the tourism sector in every economy is suffering losses; India is better placed. We held a discussion with stakeholders a few days ago where they told us about the mounting loss figures, and we are working out ways of a revival plan,” said Patel.