Federation of Associations in Indian Tourism & Hospitality and cause partner AIRDA has further revised upwards it’s value at risk to Indian tourism to rupees 15 lakh crores. FAITH’s first guidance which was calculated and was shared with the Government in March 2020 had put tourism’s economic value at risk at rupees five lakh crores from this pandemic. FAITH revised this further during the quarter as the situation deteriorated and the value at risk was put at rupees 10 lakh crores. This has been revised again to touch a value at risk of up to rupees 15 lakh crores in terms of the economic output of tourism in India The direct and indirect economic impact of Tourism industry in India is approximately estimated at ~ 10 per cent of India’s GDP.  This roughly puts the full-year economic multiplier value of tourism in India at ~ rupees 20 lakh crores. Minimum three quarters of tourism will be fully impacted. This value covers the whole tourism value chain from airlines, travel agents, hotels, tour operators, tourism destinations restaurants, tourist transportation, tourist guides. Each of these segments of tourism is non-performing or under performing and will stay that way for many months of this year.

Ashwani Lohani, Former CMD Air India and Chairman of the Railway Board, has joined as Chief Executive Officer (CEO) for GMR Group’s Services Business (which includes railways). Lohani had recently joined as the Chairman of Andhra Pradesh Tourism Board. The latest move could be a good news for GMR, as it was looking at expanding its wings in the Railways sector by showing its interests in the private train project, station redevelopment plans and dedicated freight corridors (DFC).

Ministry of Tourism (MOT) has decided that provisional certificates can be issued in favour of all categories of Tour Operators (Inbound, Domestic, Adventure) / Travel Agencies / Tourist Transport Operators who have submitted fresh applications, complete in all respects and have also made the required payment for grant of recognition as a new case. This has been done at this time, when physical inspection of office premises of applicants is not being undertaken by the Inspection Committee headed by the Regional Director, India tourism Offices in India. The Provisional Certificate would be valid for a period of six months from the date of submission of complete fresh application or till the time of actual physical verification / inspection and subsequent final decision of the Ministry with reference to grant of recognition, whichever is earlier. However, such Tour Operators/ Travel Agencies / Tourist Transport Operators who are issued  Provisional Certificates, shall not be eligible for any financial benefits under MDA or any other scheme of the Ministry, till such time a final decision regarding grant of  recognition is taken by the Ministry.

The Selling Happiness webinar, powered by TravTalk, is all set to be held today at 11 am. The hour-long session will help agents understand how to make the best Indian itineraries inclusive of Yoga, wellness, spirituality, Ayurveda and meditation. To register, log on to https://event.webinarjam.com/register/153/yy8npbg9 or email to jaspreet.kaur@ddppl.com or call +919650196532.

Faraway Tree, a B2B operator specialising in holidays packages to the Andaman Islands, will conduct one-of-its kind virtual tour for the trade today at 11am, followed by an extensive product update. One lucky couple can win a 6N/7D holiday worth Rs 80,000. To register, contact Jaspreet Kaur on 9650196532 or jaspreet.kaur@ddppl.com.

In the APAC region, while Northeast Asia has taken the major brunt of the crisis with bookings being down by 83%, South Asia has been significantly less impacted and most of the countries in the region on an average 50 to 60 per cent behind 2019 levels, reveals ForwardKeys.

Manoj Saraf, MD, Gainwell Travel, has said that the company has been badly hit owing to COVID-19 and the Gainwell Sports division saw a setback with cancellation of ICC T20 World Cup in Australia this year. However, during the lockdown period, they have also tied up with AMITY university and taking online classes for hospitality as well as travel & tourism students, to give them knowledge on selling certain products and how to be employable. Apart from that someone in their company is also teaching Spanish, as learning a new language is an added advantage.

Rail Land Development Authority (RLDA), a statutory body under railways ministry, has invited proposal to appoint a consultant to redevelop Bhuj railway station in Gujarat. The station will be redeveloped under public private partnership (PPP) model. The consultant will have to conduct feasibility study, finalize a detailed master planning, urban designing, engineering and preparation of a detailed project report for redevelopment of Bhuj railway station. The last date for applying for participation in the bidding process is 12 August. RLDA is redeveloping 62 stations across the country in cooperation with the government’s smart city project.

The Enterprising Travel Agents Association (ETAA) will conduct an exclusive webinar on July 24 with the Regional Ministry of Tourism Office to demonstrate to its members how they can get a ‘Ministry of Tourism Recognized Service Provider’ stamp. Presentation will be done by Venkatesan Dhattareyan, Regional Director (West & Central India), Indiatourism Mumbai, Ministry of Tourism.

IATA has reported that intra-EU passengers have used many vouchers, issued since mid-March 2020 in lieu of refunds, to pay for travel between 15-Jun-2020 and 15-Jul-2020. Airlines are now incurring the deferred cost of transporting these passengers against limited or zero new revenues. IATA stated, “Whilst the issuance of vouchers helped decelerate cash burn a few weeks ago, their use will now accelerate cash burn in the coming months’. The data is based on IATA’s Billing and Settlement Process, which underestimates the use of vouchers because it does not record vouchers as exchanges in all cases.