MUMBAI: With hotels and restaurants preparing to reopen for business after nearly four months, the prospects of around 50 per cent of them shutting permanently also loom large, top players warn.
The Centre has indicated July 8 as the target date for the hospitality industry to throw open its doors to guests and patrons, but there is no clear signal yet from the Maharashtra government.
"The situation is bad and getting desperate daily. Till June 30, the hospitality industry piled up around Rs 1.25 lakh crore losses. Many hotels and hospitality chains have expressed inability to continue operating partially or fully," Gurbaxish Kohli, Vice-President of the Federation of Hotel & Restaurant Associations of India said. (IANS)
Also Watch: #NewsMakers: Discourse on Saving Dehing-Patkai