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  Published Paper Details:

  Paper Title

IMPACT OF COVID-19 ON THE INDIAN HOTEL INDUSTRY

  Authors

  Dr. Manju Pathania Biswas,  Dr. M. Rama Mohan Rao

  Keywords

business crisis, COVID-19, economic loss, hotel segment, performance fall

  Abstract


Today, COVID-19 has impacted each and every industry in the world; however its consequences on the hotel & hospitality sector have been unseen or unheard before. In a short span of time, the virus has severely unleashed itself across the world. The entire world has witnessed an increase in the number of active corona cases on a daily basis. The common accords backed by medical experts are isolation and lockdown in order to slow down the spread of the virus. The world has however gone into partial or complete lockdown; the overall impact on human life, economy and businesses are inestimable, both in the short term and long term due to the uncertainty. This paper gives a brief on the impact of COVID-19 pandemic on the Indian hotel industry. In India, the hotels and hospitality sector has suddenly declined in the first quarter of 2020 because COVID-19 has impacted various segments of this sector. The industry has come across large-scale cancellations for travel bookings and hotel accommodations and may continue to do soon in the months to come. The nationwide lock-down has closed hotel and travel sectors, blocking their earnings sources. In order to recover from this crisis situation, the Indian hotels sector can frame and adjust strategies in the near term and prepare for the future.

  IJCRT's Publication Details

  Unique Identification Number - IJCRT2008232

  Paper ID - 197863

  Page Number(s) - 2163-2168

  Pubished in - Volume 8 | Issue 8 | August 2020

  DOI (Digital Object Identifier) -   

  Publisher Name - IJCRT | www.ijcrt.org | ISSN : 2320-2882

  E-ISSN Number - 2320-2882

  Cite this article

  Dr. Manju Pathania Biswas,  Dr. M. Rama Mohan Rao,   "IMPACT OF COVID-19 ON THE INDIAN HOTEL INDUSTRY", International Journal of Creative Research Thoughts (IJCRT), ISSN:2320-2882, Volume.8, Issue 8, pp.2163-2168, August 2020, Available at :http://www.ijcrt.org/papers/IJCRT2008232.pdf

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ISSN: 2320-2882
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ISSN and 7.97 Impact Factor Details


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ISSN: 2320-2882
Impact Factor: 7.97 and ISSN APPROVED
Journal Starting Year (ESTD) : 2013
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