Tag Archives: pandemic

FHRAI has submitted a representation to Finance Minister Nirmala Sitharaman requesting reintroduction of the scheme granting ex-gratia payment of the difference between compound interest and simple interest for six months to borrowers from the hospitality sector in view of the second wave of the COVID-19 pandemic. The scheme was formerly announced in October last year.

Goa Tourism might have suffered a loss of around Rs2,000 to Rs7,200 crore and approximately 35-58% job losses because of the COVID-19 pandemic, according to a report titled, ‘Coping with COVID-19: Survival and Revival of Goa’s Tourism Industry’ by Goa Tourism Ministry and KPMG Advisory Services.

Under the newly updated forecasts from the Pacific Asia Travel Association (PATA), the most likely scenario for international visitor arrivals into South Asia in 2020 is that visitor numbers are likely to reduce by 31% year-on-year. That effectively takes visitor volume back to levels last seen in 2012. At this stage, growth is expected to resume in 2021, returning to forecast levels by 2023. Much of course, depends on how quickly and completely the COVID-19 pandemic is contained and controlled. South Asia is also expected to suffer a loss of US$13.3 billion.