Hospitality & Tourism Ignored Again

With no mention of hospitality and tourism in the government’s relief & reform package, the industry is looking at definite closure of at least 70 per cent hospitality establishments.

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In her fifth and last tranche of relief and reform package, the Finance Minister Nirmala Sitharaman concluded her speech with no mention of hospitality and tourism. The sector that contributes close to 10 per cent to the country’s GDP was once again completely excluded from any kind of relief. Stakeholders have been continuously informing and updating the government about the distress the industry has been in since the lockdown came into effect. With not even the slightest reassurance, let alone any stimulus or relief package, from the government, the industry is decidedly looking at a major catastrophe including massive job loss, bankrupt enterprises and definite closure of at least 70 per cent of hospitality establishments across the country.