40% tourism firms staring at complete shutdown risk in next 6 mnths: Report

Around 40 per cent travel and tourism companies may shut down in the next 3 to 6 months, said a report on Monday when domestic flights resumed in the country after a weeks-long lockdown to contain the coronavirus.

Also, nearly 36 per cent of such companies are likely to witness a temporary shutdown, according to the report by BOTT Travel Sentiment Tracker in partnership with seven national associations like IATO, TAAI, ICPB, ADTOI, OTOAI, ATOAI and SITE.

The report said that 81 per cent travel and tourism companies have lost their revenue up to 100 per cent while 15 per cent