Published on : Wednesday, April 29, 2020
India is facing huge loss in travel and tourism industry. The total number of Covid-19 cases in India has climbed to 31,332 on Wednesday, according to the Union Health Ministry data. But this disaster is emanating from COVID- 19 is the worst ever to hit this tertiary sector of India. It has a combined financial impact of 9/11 and economic downturn of 2009 and said to be even bigger than the impact of Second World War and the Great Depression.
The Federation of Associations in Indian Tourism & Hospitality(FAITH), one of the leading tourism federation in India has appealed all the Chief Ministers of Indian states, including Maharashtra, one of the most worst affected state, for coming up with a state specific package.
Now the coronavirus pandemic has already risked all top performing foreign source markets for tourism impacted (USA, Canada, UK, Germany, China, Japan, Singapore, Russia, Italy, and Spain), interstate domestic season which is almost 60%+ in the April – July period has collapsed for the 2020-2021 financial year.
This tourism body with all other tourism associations like ADTOI, ATOAI, FHRAI, HAI, IATO, ICPB, IHHA, ITTA, TAAI, TAFI has said that the tourism industry of India first needs to stay alive and boost the tourism. After that the tourism body then needs to revitalize and then only can it blossom.
The Federation of Associations in Indian Tourism & Hospitality(FAITH) has further suggested a total waiver of any other taxes, fees, cesses or levies such as the property taxes or interstate tourist transport taxes at the level of the state, municipal, district, or panchayat on the tourism, travel and hospitality industry. Additionally, it has requested all the state heads for their close and intense support with a complete deduction of income taxes, GST, PF & ESI.
This tourism body also appealed to the Finance Minister and the RBI Governor for setting up a Tourism fund for a 10-year interest-free loan for enabling tourism, travel and hospitality industry to meet salary costs. This mutual collaboration thinks that this will help in retaining employment, ensure that the tourism business does not go bankrupt.