India's travel, tourism and hotel sectors estimated at Rs 8500 crore loss from visa ban

(PTI) New Delhi, Ta. March 12, 2020, Thursday

The Indian government has canceled visas for foreigners till April 15 to prevent the spread of the Corona virus. The Indian government's decision will cost India's travel, tourism and aviation sectors a total of Rs 8500 crore.

According to the Indian Association of Tour Operators (IATO) and Assocham, banning foreign tourists for a month will also leave many employees in the travel, tourism and aviation sectors.

Companies associated with the three sectors have also stopped hiring employees. However, companies in this sector are likely to submit to the government to reconsider this decision.

According to IATO secretary Rajesh Mudgil, the decision to ban foreign tourists for a month will have an adverse impact on the economy and will cause many employees to lose jobs in the hotel, aviation and travel sectors. In our estimation, this decision in total will result in a loss of Rs 8500 crore.

Assocham Tourism and Hospitality Council Chairman Subhash Goyal has said that all three sectors were already going through tough times due to the corona virus.

Gurbak Singh Kohli, vice president of the Federation of Hotel and Restaurant Association of India (FHRAI), said the hotel's room had started to be canceled since the news of the Corona virus in November.