Industries across the spectrum have been impacted by the COVID-19 pandemic. The travel and tourism industry has felt maximum impact due to restriction on travel, grounding of planes and closure of railways, hotels and other establishments. The industry in India is looking at up to 40 million job losses (both direct and indirect) and about approximately 17 billion in revenue loss in the next one year.
Grant Thornton in India and FICCI jointly present a report on Travel and Tourism: Survive, revive and thrive in times of COVID-19, which looks at the impact of the crisis and the recommendations for survival and revival. This document will facilitate a better understanding of the challenges faced by the industry and the opportunities for revival by the government as well as the private sector.