Open AccessIMPACT OF CORONAVIRUS PANDEMIC ON HOSPITALITY INDUSTRY WITH SPECIAL REFERENCE TO INDIA
Author(s) -
Ajay Ranga,
AUTHOR_ID,
Anish Slath,
Kulwinder Singh,
AUTHOR_ID,
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Publication year - 2021
Publication title -
international journal of advanced research
Language(s) - English
Resource type - Journals
ISSN - 2320-5407
DOI - 10.21474/ijar01/13010
Subject(s) - hospitality , pandemic , coronavirus , hospitality industry , government (linguistics) , business , covid-19 , economic impact analysis , debt , development economics , economic growth , tourism , political science , economics , finance , medicine , linguistics , philosophy , disease , pathology , infectious disease (medical specialty) , law , microeconomics
The coronavirus pandemic has resulted in gigantic human and economic devastations since its outbreak. The hospitality industries being dependent on the peoples movement has to bear the brunt of this pandemic at the most world over. This crisis brings out the deep and long-lasting adverse impacts of coronavirus on the hospitality industry at a global level. In India, the hospitality industry, having the largest contribution to income and employment, has experienced massive adverse effects of the coronavirus crisis. This makes a strong case for government support to this industry through tax cuts, loans and debt reduction, etc. for enabling this seriously hit industry to survive. In some countries, governments came forward to support the hospitality industry, but India has yet to address this issue.