Hospitality – ICC Sector Watch

In a big boost for hospitality and related sectors

In a big boost for hospitality and related sectors, Union Cabinet has approved Emergency Credit Line Guarantee Scheme (ECLGS) worth Rs 50,000 crore for hospitality, travel and tourism sectors. The overall ECLGS allotment has been hiked from Rs 4.5 lakh crore to Rs 5 lakh crore. The additional amount has been earmarked exclusively for hospitality…

The hospitality industry severely impacted in the last two years due to Covid-led restrictions is quite hopeful of seeing a turnaround in its fortune during the current fiscal

The hospitality industry severely impacted in the last two years due to Covid-led restrictions is quite hopeful of seeing a turnaround in its fortune during the current fiscal. Strong demand due to an increase in corporate travel resulted in a recovery in business destinations. Aided by leisure, transient passengers meetings, incentives, conferences and exhibitions (MICE),…

Sector Category: Hospitality

In a big boost for hospitality and related sectors

The hospitality industry severely impacted in the last two years due to Covid-led restrictions is quite hopeful of seeing a turnaround in its fortune during the current fiscal

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