Given the way coronavirus
cases are rising, tourism supply chains have broken down in India across all its key inbound, domestic and outbound markets and is not expected to recover for the next 5 months also, making the total impact to a minimum of nine months starting from March this year, the statement said.
This value covers the whole tourism value chain from airlines, travel agents, hotels, tour operators, tourism destinations restaurants, tourist transportation and tourist guides, it added.
"The cumulative job losses for the full year, both in organised and unorganised category of tourism, could go as high as 40 million," it added.
For the survival of the sector, a FAITH spokesperson said, "The tourism sector requires a customised sector-specific relief package, and it cannot be delayed any further."
Among the measures it is asking for are multi-year moratorium by the Reserve Bank of India (RBI) on principal and interest payments by tourism, travel and hospitality businesses, and a 'Tourism Fund' which can be used by tourism enterprises in India for taking care of their employees, FAITH said.
It also asked for immediate full-year waiver of all central and state statutory liabilities for the survival of the sector.