- Undoubtedly, the hardest hit industry is aviation, hospitality and tourism which are interdependent on each other
- Hoteliers anticipate the following months might be tough for the hospitality industry with no definite
Many experts and foreign agencies worldwide are taking the stand that the coronavirus pandemic is the most challenging crisis the world has faced since the second world war.
This has caused an unpredictable market crisis that any of the sectors has ever witnessed. Undoubtedly, the hardest hit industry is aviation, hospitality and tourism which are interdependent on each other. Hoteliers anticipate the following months might be tough for the hospitality industry with no definite vision of a recovery.
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Roop Pratap Choudhary, Managing Director of Noor Mahal in Karnal, said: “As an independent hotel brand, we were the first ones to experience the extreme conditions. We are now carefully assessing the challenges and focusing on the recovery roadmap.”
“The prognosis for revival does not look especially promising as of now-considering we have no knowledge of when the restrictions on travel will be lifted. The impending worldwide economic recession is a very real threat, since it’s unlikely that people will have the disposable income to travel even after the crisis, besides this the fear of infection will persist,” said Vivasvat Pal from Bhanwar Vilas Palace in Rajasthan.
Source: livemint
