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Indian hotel industry takes over Rs 1.30 lakh cr revenue hit in FY21, seeks govt support: FHRA
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Indian hotel industry takes over Rs 1.30 lakh cr revenue hit in FY21, seeks govt support: FHRA
PTI / May 16, 2021, 12:29 IST
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NEW DELHI: The Indian hotel industry has taken a hit of over Rs 1.30 lakh crore in revenue for the fiscal year 2020-21 due to the impact of the Covid-19 pandemic, the Federation of Hotel & Restaurant Associations of India (FHRAI) said on Sunday.
The apex industry body said it has submitted representation to the Prime Minister and a few other union ministers urging immediate support from the government to save the hospitality sector from imminent collapse and has requested for several fiscal measures for this.
: Sunday, May 16, 2021, 8:19 PM IST
Indian hotel industry takes over Rs 1.30 lakh cr revenue hit in FY21, seeks govt support: FHRAI
The apex industry body said it has submitted representation to the Prime Minister and a few other union ministers urging immediate support from the government to save the hospitality sector from imminent collapse and has requested for several fiscal measures for this.
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The Indian hotel industry has taken a hit of over Rs 1.30 lakh crore in revenue for the fiscal year 2020-21 due to the impact of the COVID-19 pandemic, the Federation of Hotel & Restaurant Associations of India (FHRAI) said on Sunday.
Second coronavirus wave crashes hotel chains recovery hopes
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Occupancy levels have plummeted to low single digits or nil – except for quarantine or other pandemic-related business – in many states that have imposed lockdowns, and have fallen drastically in other states where case counts are on the rise.
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The ravaging second wave of Covid-19 has struck a body blow to the recovery hopes of the hospitality industry, disrupting business across the country just when things had started looking up for hotel chains after a devastating 2020.
Occupancy levels have plummeted to low single digits or nil – except for quarantine or other pandemic-related business – in many states that have imposed lockdowns, and have fallen drastically in other states where case counts are on the rise.