Indian Tourism Industry Estimated to Lose Rs 5 Lakh Crore

Confederation of Indian Industries (CII) and Hotelivate, in its report stated, Indian Travel and Tourism Industry is estimated to lose Rs 5 Lakh Crore. The pandemic and the continuous shutdowns were being reasoned for the loss. The report stated, "This is one of the worst crises ever to hit the Indian tourism industry impacting all its geographical segments." March reported the least, 7 per cent occupancies due to the lockdown.