Tag Archives: PMO

Federation of Associations in Indian Tourism and Hospitality (FAITH) has been sharing a regular updates with the Ministry of Tourism(MOT) and Prime Minister’s Office (PMO) on the impact of COVID-19 on the industry and apprise the Government on the effect of the outbreak has been till now. The update letter reads, “This is one of the worst crisis ever to hit the Indian tourism industry  impacting all its geographical segments – inbound, outbound & domestic, almost all tourism verticals— leisure, adventure, heritage, mice, cruise, corporate & niche segments. The whole tourism value chain across hotels, travel agents, tour operations, destinations, restaurant, family entertainment venues & air, land & sea transportation.” – Inbound foreign tourism of $ 28 bn + in value terms accounts for on an average basis almost 60-65%  between October to March. As the news of the virus started picking up from November, the percentage  of cancellations started going up in this segment exponentially and is reaching a peak of almost 80% now in March in many Indian locations. The value at risk from this segment will be in multiples of tens of thousands of crores. – The forward bookings for the inbound season of October 2020 – March 2021, which should have started picking are all muted.  These are showing highly discouraging signs with cancellations of important global travel marts which are marketplaces for contracting for the next season. – The value of NRI segment from developed markets whose major season for visit to their families and relatives is around 60% + during April to September. There are reports of large-scale forward cancellations from these and unless the progression of the virus stops the almost entire value …

The highly-anticipated National Tourism Policy has been approved by the Prime Minister’s Office and is waiting for a formal cabinet nod, revealed Suman Billa, Joint Secretary, Ministry of Tourism, Government of India. “The tourism policy has been concurred to by all the ministries. It has been to the Prime Minister’s Office and they’ve approved it too. Now we are just waiting for the process of placing it before the cabinet for formal approval,” Billa informed on the sidelines of the Kerala Travel Mart, being held in Kochi from September 27-30, 2016.