Amid the second wave of the coronavirus and statewide lockdown, the Hotel Association of India (HAI) has asked the Minister of Finance to offer hoteliers and those in the travel industry and tourism to provide relief under an emergency line of credit guarantee program.
It comes after several business owners demanded appropriate compensation due to the pandemic and business closures. In addition, according to reports, the HAI wants the finance ministry to extend the moratorium period and reduce the interest rate on loans in order to compensate for the huge losses.
Additionally, several hotels across the country, which have been closed for almost 6-8 months, have reopened on a phased basis and have recovered somewhat thanks to national leisure tourism, weddings and family reunions. However, due to the second wave of COVID-19 and the peak in coronavirus cases and subsequent lockdowns in some states as well as night and weekend curfews, reduced limits on the number of guests allowed for functions and other restrictions, the industry has been seriously affected. again.
Amid the massive surge in the number of coronavirus cases, the government of Maharashtra imposed new limits and a nighttime curfew from Sunday evening March 28, causing distress among businesses associated with the industry. fears that strict rules could cripple the industry.
What’s more, the city’s hawkers have also said the nightly restrictions will see them lose 70-80% of their income, as sales are high in the evenings. As a result, those who depend on daily income will suffer greatly. Taking note of the new curbs, police began shutting down hawkers from 7 p.m., the Hawkers union said.