FAITH seeks survival package for Tourism sector

Mumbai, April 23 -- Federation of Associations in Indian Tourism & Hospitality ( FAITH) has appealed

to the central government for immediate Survival Package as tourism is on the brink of collapse following COVID 19 pandemic. The industry is facing its biggest economic challenge with the larger and combined effect of 9/11 and the slowdown of 2009 and estimated bigger effect than the Economic Depression and World War II, it said in a release. Over 95 per cent MSMEs of 53,000 travel agents, 1,15,000 Tour Operators (inbound, domestic, outbound), 15,000 Adventure, 2700 MICE, 19,11,000 Tourist Transporters, 53,000 hospitality and 5 lakh restaurants facing the heat due to lack of cash flows. All the cash inflows of the industry have completely f...