70% of Indian hotels could close in the next 1.5 months

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70% of Indian hotels could close in the next 1.5 months

May 19, 2020 13:40 IST

The Federation of Hotel and Restaurant Associations of India has warned that approximately 70% of restaurants and hotels could close within the next 1.5 months with the Covid-19 pandemic crippling the travel sector. With absolutely no relief from the government, the industry stares at bankruptcy, job losses and definite closures of major establishments across India, said the organisation. There are approximately 53,000 hotels and 70 lakh restaurants in the organised category and about 2.3 crore restaurants in the unorganised sector in India.

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