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OYO insolvency withdrawal stalled; FHRAI to intervene

In the latest hearing of the Oyo Insolvency case before the National Company Law Appellate Tribunal (NCLAT), the Tribunal has allowed the intervention of Federation of Hotel & Restaurant Associations of India (FHRAI) on behalf of hotels. The FHRAI has intervened on behalf of its member hotels that are operational creditors who are suffering hugely on account of non-payments of debt by Oyo. FHRAI members have filed claims before the IRP of around Rs93 crore and the Association expects more hotels to submit their claims before the next hearing on June 21, 2021.

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‘Duty of care’-based approach will support sustainable recovery: PATA CEO

Liz Ortiguera, the CEO of PATA, has said that travel recovery is being driven by a complex range of factors, from varying market policies regarding virus control and containment to local citizens’ sentiments on vaccine take-up. “In the travel industry, a ‘duty of care’-based approach in delivering services and products will support a more sustainable recovery,” she explains.

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There will be strategic consolidation in airline sector post COVID: CAPA India

CAPA Advisory, in its Airline Outlook FY2022, has said that there will be strategic consolidation in the Indian airline sector once the COVID umbrella has lifted. If there is no consolidation (although such a scenario appears unlikely) and if the privatisation of Air India does not proceed, then the Indian aviation sector may emerge from COVID with more airlines than it went in with.

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RBI’s on-tap liquidity window will help alleviate stress in sector: Cleartrip CFO

Sharing his view on the RBI’s decision to open an ‘on-tap liquidity window for contact-intensive sectors’, aggregating ₹15,000 crore till March 31, 2022 for the tourism sector, Aditya Agarwal, CFO, Cleartrip, has said, “This measure helps alleviate the stress in the sector, provides much-needed support to industry participants, and allows the industry to be well prepared to meet customer needs.”

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Telangana tour operators appeal to state tourism minister for help

Tour Operators Association of Telangana (TOAT), led by its President, Siraj Ahmed Ansari, has appealed to Srinivas Goud, Minister of Tourism, Telangana, seeking help from the government for revival and survival of the travel & tourism sector in the state. TOAT has raised several vital issues, including financial assistance for monthly allowance for employees of tourism and hospitality. TOAT is the first registered travel & tourism association of Telangana state, and one of the larger regional association with 400+ members.

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MOT devises roadmap for sustainable tourism, focus on adventure & eco-tourism

Arvind Singh, Secretary, MOT, has revealed that the Ministry has come up with the first draft of a national strategy and roadmap for sustainable tourism with a focus on adventure and eco-tourism. “The national strategy will include a certification scheme and capacity building, and we are also thinking of a system of assessing the states and ranking them as we have done in many programmes like ‘Ease of Doing Business’,” he said.

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Lufthansa resumes India operations; The Netherlands lifts ban on India flights

German carrier Lufthansa has announced that it has lifted the ban on passenger flights to India, and will operate 10 weekly flights from Germany to Delhi, Mumbai and Bengaluru. The Netherlands, too, has lifted the ban on passenger flights from India that had come into force on April 26 this year. The European Union’s (EU) list of ‘safe countries’, however, does not include India yet.

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