11

Apr
2020

10 points on how the Indian Travel & Tourism industry is affected by COVID-19 crisis

Posted By : admin/ 577

1. Foreign tourist arrivals (FTA) last month declined by 9.3% month-on-month and 7% year-on-year, according to reliable government sources.

2. The number of FTAs in February 2020 were 10.15 lakh against 10.87 lakh during the same period in 2019. The number of FTAs in January 2020 were found to be 11.18 lakh.

3. The number of visitors to the newly built Statue of Unity in Gujarat dropped by over 38 % during January and February.

4. As a result, the revenue collection during the same period declined by approximately ₹5 crore.

5. A report by the Archaeological Survey of India (ASI), the total revenue from ticketed monuments was INR 247.89 crore in FY18, INR 302.34 in FY19 against INR 277.78 crore in FY20 between the months April and January.

6. According to a reliable report by an Archaeologist of ASI, Agra Circle, at the Taj, the number of tickets sold at the Taj during the month of March fell over by 6,000 tickets compared to the period between January and February.

7. Two days prior to the first shutdown during the month of March, the authorities at the Taj were hardly able to sell 8,000 tickets, according to the ASI reports.

8. As per the report by the Federation of Associations in Indian Tourism & Hospitality, about 70% out of a total estimated workforce of 5.5 crore (direct and indirect) that is over 3.8 crore could go jobless.

9. Tourism Industry is one of the biggest sectors, and the ongoing COVID-19 could impact 10% of the total GDP of the country.

10. The recovery phase for the travel and tourism sector of the country is estimated to be 8-10 months, even if the government were able to fight the COVID-19 crisis successfully.