Hospitality Industry is Joining Forces with the Indian Government to Combat COVID-19
Nothing could have prepared us for the COVID-19 outbreak. It is hard to determine the true impact of this pandemic until the dust settles and the virus is completely contained, but until then, we have to prepare and come out of this stronger than ever. To win the battle, its essential to join it and fight it together. The hospitality and food & beverage (F&B) industry in India, along with the government, are constantly working to alleviate the impact.As per the latest HVS Report, the overall revenue of the Indian hotel sector in 2020 is set to decline by anywhere between USD 8.85 Bn to USD 10 Bn, reflecting an erosion of 39% to 45% compared to last year.