Covid-19 Effect: No Formal Study Yet, but Indications of Major Revenue Loss, Says Tourism Ministry
4 years, 3 months ago

Covid-19 Effect: No Formal Study Yet, but Indications of Major Revenue Loss, Says Tourism Ministry

News 18  

The Ministry of Tourism informed Parliament on Monday while no formal study has been conducted to assess the impact of the COVID-19 pandemic on the tourism sector, discussions with stakeholders have indicated that the sector has suffered a massive loss in revenue. In a written reply in Lok Sabha, Tourism Minister Prahlad Patel said due to the fact that the sector is largely unorganised, the impact can be assessed only in due course. However, several rounds of discussions and brainstorming sessions with industry stakeholders indicate massive loss of revenue, foreign exchange and jobs.” “In view of the highly unorganised nature of the sector, the impact in numerical terms can only be ascertained in due course,” he said. He further said that various agencies and the government have outlined several stimulus packages for the sector, which includes extended moratorium from the Reserve Bank of India on term loans till August 31 this year.

History of this topic

Kerala tourism sector overcomes post-pandemic crisis, says Chief Minister
1 week, 1 day ago
Tourism pivotal force driving demand recovery
3 months, 2 weeks ago
Tourism pivotal force driving demand recovery
3 months, 2 weeks ago
Holiday to spur recovery in tourism
10 months, 2 weeks ago
Foreign tourist arrivals up, still below pre-pandemic levels
1 year ago
Himachal tourism suffers another jolt after Covid-19 amid heavy rain and flood
1 year, 5 months ago
‘Travel and tourism sector poised for continued growth’
1 year, 7 months ago
Tourism sector on path of revival, says Economic Survey
1 year, 10 months ago
Trends in tourism amid travel rebound in India, post Covid-19
2 years, 2 months ago
Tourism sector recovered slightly from Covid-dip last year
2 years, 3 months ago
Japan’s struggling tourism sector despairs at lack of COVID exit
2 years, 8 months ago
Holidaymakers choose short trips amid outbreak of virus
2 years, 8 months ago
Report reveals trends in world tourism
2 years, 9 months ago
Report reveals trends in world tourism
2 years, 9 months ago
Union Budget 2022-23: Here's how govt can help Covid-hit tourism sector
2 years, 10 months ago
Budget 2022-23 Expectation: Hospitality industry seeks tax relief, better infra and incentives
2 years, 11 months ago
Southeast Asia reopening borders and living with Covid-19
3 years ago
China's tourism industry sees strong post-pandemic recovery
3 years, 3 months ago
China's tourism industry sees strong post-pandemic recovery
3 years, 3 months ago
A domestic tourism opportunity has presented itself. India must seize it
3 years, 3 months ago
Global tourism industry building in confidence
3 years, 3 months ago
Prolonged COVID-19 pandemic, restrictions dampen prospects of tourism
3 years, 3 months ago
Second Wave of Covid Hit India’s Tourism With Fewer Foreign Tourist Arrivals Up To May 2021
3 years, 5 months ago
Rajasthan begins preparations to revive tourism as COVID situation eases
3 years, 6 months ago
Tourism takes a hit in Himachal amid second wave of Covid
3 years, 8 months ago
Journeys through the New Year
3 years, 11 months ago
Covid-19 hits wildlife tourism market
4 years ago
Covid-19 hits wildlife tourism market
4 years ago
Hospitality, tourism picking up in Tirupati division
4 years, 1 month ago
Mapping the course for Indian travel and tourism
4 years, 2 months ago
Travel and tourism may lose ₹5 lakh crore: study
4 years, 3 months ago
Tourism Sector in Dire Straits Due to Covid-19, Needs Urgent Relief from Govt: IATO
4 years, 3 months ago
Global tourism lost £245bn in five months due to coronavirus, says UN chief
4 years, 3 months ago
Global Tourism Lost $320 Billion in 5 Months, Over 120 Million Jobs at Risk Amid Pandemic, Says UN
4 years, 3 months ago
UN: Global tourism loses $320bn amid coronavirus pandemic
4 years, 3 months ago
Covid-19: A plan for tourism to survive, revive, thrive
4 years, 4 months ago
Tourism operators and the Government want to give you a 'kick up the bum' to rethink your holidays during coronavirus
4 years, 4 months ago
Global tourism faces challenges on its journey to full recovery
4 years, 4 months ago
Global tourism faces challenges on its journey to full recovery
4 years, 4 months ago
Global tourism faces challenges on its journey to full recovery
4 years, 4 months ago
As we emerge into a 'new normal', India needs to evolve to create a COVID-ready tourism destination
4 years, 4 months ago
The countries set to be hardest hit by Covid-19’s impact on tourism
4 years, 4 months ago

Discover Related