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Home Economy

Hotels-Restaurants call for financial booster

Fiinews by Fiinews
May 26, 2020
in Economy
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Tourism sector wants bailout package

Hotels and restaurants need financial booster to sustain their existence for at least 6-months with finance and loan at special low interest rates to jump re-start their operations.

This called was made by Anil Khaitan, Former President PHDCCI, at a webinar on 25 May 2020 on Road Map for Tourism Industry of J&K Post-COVID-19.

Khaitan also called for Tourism Ministry’s special advertising campaign encouraging people to travel and explore within new SOP and guidelines, reduction in GST rates as now the hotels will have to spend extra for providing medical/hygiene facilities to the staff and guests.

There is need for medical facilities at dedicated government hospitals and clinics for Hotel staff and guests to face any untoward reality, he stressed.

Khaitan suggested that there should be a special certification of Health standards to hotel/restaurants that abide by government/WHO guidelines.

“We need to learn from other countries like Malaysia which has put out new protocols for airlines and hotels post COVID-19 survival, said Nasir Shah, Expert Co-Chair on Tourism & Golf,

Liquidity is important and so is development of new norms and SOPs for tour operators and hotels and restaurants, he added.

Bailout package for Tourism Sector is an urgent need as the sector has been suffering since long before the onset of the Covid-19 Pandemic, according to Baldev Singh Raina, Chairman PHDCCI-Kashmir.

The webinar was organized by Peaks Group of Companies and Comtech Group of Companies with PHD Chamber of Commerce and Industry Kashmir chapter. fiinews.com

Tags: PHD Chamber of Commerce and Industry
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