COVID-19 has torn a huge chunk out of the Indian hotel industry’s business. According to The Federation of Hotel & Restaurant Associations of India (FHRAI), the sector took a massive INR 1.30 lakh crore hit in revenue for FY 2020-21 due to the pandemic's impact.
The apex industry body revealed these figures while submitting a representation to the Prime Minister, Narendra Modi, and few union ministers. It urged the government to extend immediate support to the hospitality sector, which is on the brink of imminent collapse. It also requested several fiscal measures to help industry players protect their business and livelihood.
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