The hotel and tourism industry has static assets to maintain as opposed to travel that has assets highly vulnerable to prolonged disuse
Addressing the Digital Summit on Exports organised by the Confederation of Indian Industry (CII), Goyal said he expects the fall in exports to narrow to 8-10 per cent in June.
Public sector bank executives said these three sectors have been hit badly in the immediate aftermath of lockdown announced in March 2020
Hotels attribute this to rising corporate and leisure travel, and growth in foreign tourist arrivals