Page 12 - Tourism Sector
The travel entrepreneur who beat the market downturn not once, but twice
Aloke Bajpai's firm Ixigo cut pay, but didn't lay off; He says 'honest communication' with staffers saw the firm bounce back during the 2008 Lehman crisis and the current pandemic-induced one
 "The travel entrepreneur who beat the market downturn not once, but twice")
Revenge travel gains momentum but with caution; tourism sector optimistic
Goa, Kerala, Maldives and Dubai among the popular destinations
 "Revenge travel gains momentum but with caution; tourism sector optimistic")
Rural tourism projects underway in Bihar, Kerala: Tourism Minister
The ministry of tourism has sanctioned two projects in Bihar and Kerala at a cost of Rs 125 crore under the Rural Circuit as part of its endeavour to take tourism to the villages of the country
 "Rural tourism projects underway in Bihar, Kerala: Tourism Minister")
Travel, tourism sector likely to lose Rs 5 trn due to Covid crisis: Report
The coronavirus pandemic has dealt a crippling blow to the Indian travel and tourism industry and the entire value chain linked to the sector is likely to lose around Rs 5 trn, according to a study
 "Travel, tourism sector likely to lose Rs 5 trn due to Covid crisis: Report")
Tourism in dire straits due to Covid; needs urgent relief from govt: IATO
Industry body IATO on Monday urged the government to provide immediate relief to the tourism sector, which has been severely hit by the Covid-19 pandemic
Covid-19 pandemic turns summer into European tourism's leanest season
Bruges mayor Dirk De fauw first realised something was desperately wrong with European tourism
 "Covid-19 pandemic turns summer into European tourism's leanest season")
After hotels, banquet halls to be opened soon at half capacity: Tourism Min
Speaking at a webinar organised by the PHD Chamber of Commerce and Industry, the minister said the tourism sector has faced severe challenges due to the pandemic
 "After hotels, banquet halls to be opened soon at half capacity: Tourism Min")
CII seeks govt intervention for revival of Covid-hit tourism industry
Industry body CII has sought intervention and support from the government to ensure revival of the tourism industry, majorly impacted due to the Covid-19 pandemic
 "CII seeks govt intervention for revival of Covid-hit tourism industry")
Hiring picks up 35% in June qtr from a low of -50% in April: LinkedIn
Top five in-demand jobs are software engineer, business development manager, sales manager, business analyst and content writer
Singapore's jobless rate jumps in Q2, nearing financial crisis peak
The overall unemployment rate climbed from 2.4% in the first quarter, moving within sight of a 3.4% peak hit during the global financial crisis of 2009
 "Singapore's jobless rate jumps in Q2, nearing financial crisis peak")
IT industry veteran Tiger Ramesh launches caravan tourism services company
The former CEO of CSS Corp has attracted cricketer Anil Kumble, international musician Vijay Prakash, TaxiforSure co-founder Aprameya Radhakrishna, IT honcho Phaneesh Murthy as investors
 "IT industry veteran Tiger Ramesh launches caravan tourism services company")
Exports likely to improve in May, contraction expected to be 30-35%: Goyal
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.
 "Exports likely to improve in May, contraction expected to be 30-35%: Goyal")
40% tourism firms staring at complete shutdown risk in next 6 mnths: Report
The report said that 81 per cent travel and tourism companies have lost their revenue up to 100 per cent
 "40% tourism firms staring at complete shutdown risk in next 6 mnths: Report")
Top headlines: HDFC Q4 PBT down 27%, LG Polymers faces court heat
Business Standard brings to you the top headlines of the day.
 "Top headlines: HDFC Q4 PBT down 27%, LG Polymers faces court heat")
Covid-19 crisis: Slippages may jump to Rs 5.5 trillion, says India Ratings
Credit costs could touch Rs 2.7 trillion
 "Covid-19 crisis: Slippages may jump to Rs 5.5 trillion, says India Ratings")
Resume operations, says FM Sitharaman; India Inc cites hurdles in way
Industry wants cash in the hands of the poor, more policy reform in sectors such as tourism, automotives and aviation
 "Resume operations, says FM Sitharaman; India Inc cites hurdles in way")
I've to be careful, am answerable to Parliament: FM Nirmala Sitharaman
Nirmala Sitharaman tells Indivjal Dhasmana & Nivedita Mookerji that the government has made sure that mistakes committed during 2008-2013 are not repeated while announcing the Rs 20-trillion package.
 "I've to be careful, am answerable to Parliament: FM Nirmala Sitharaman")
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
 "Covid-19 impact: Tourism industry to incur Rs 1.25 trn revenue loss in 2020")
Story in numbers: Lockdown pushes tourism, hospitality to brink of collapse
Thus, foreign tourist arrivals in India, which saw a 9% decline in February 2020 (1.02 million) over January (1.12 million), and a 7% fall from February 2019 (1.09 million), further plummeted in March
Coronavirus spread: Banks' exposure to travel, hospitality sectors at risk
65 listed firms in travel and tourism sector had Rs 30,500-cr outstanding loans in Sept
 "Coronavirus spread: Banks' exposure to travel, hospitality sectors at risk")
