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Covid-19 impact: Tourism industry to incur Rs 1.25 trn revenue loss in 2020

During April-June, the Indian tourism industry is expected to book a revenue loss of Rs 69,400 crore, denoting a year-on-year (y-o-y) loss of 30 per cent

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Given various travel restrictions imposed by the Indian government as well as governments across the globe, forward bookings for various conferences and leisure travel bookings to foreign destinations have already been cancelled

Jayajit Dash Bhubaneswar

3 min read Last Updated : Apr 28 2020 | 11:21 PM IST

The Indian tourism industry is projected to book a revenue loss of Rs 1.25 trillion in calendar 2020 as a fall out of the shutdown of hotels and suspension in flight operations after the onset and spread of the coronavirus (Covid-19) pandemic.

A study by CARE Ratings notes that the figure corresponds to a 40 per cent decline in revenue over calendar 2019.

The report assumes the impact of the pandemic on tourism at about 50 per cent during January and February 2020, while it may be higher at 70 per cent in March alone, following the suspension of international

Topics : Coronavirus india tourism policy tourism in india tourism sector Indian aviation Communicable diseases Hospitality industry

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