According to the Travel Agents Association of India (TAAI) the travel & tourism industry might take at least 9 months to bounce back to normalcy after the lockdown is lifted and the world opens up completely.
Jyoti Mayal, President, Travel Agents Association of India (TAAI), “We project it will take 9 months before business activities normalise after the lockdown is over. Travel and tourism is the hardest hit, and always the last to revive due to any catastrophic event.”
Mayal said that with regard to the current situation, they have made presentations to the Prime Minister and Ministries of Finance, Aviation, Commerce Minister and NITI Aayog. “TCS (Tax Collected at Source) has been deferred till October and we hope it eventually scrapped altogether. We are constantly in correspondence with airlines, domestic and international, IATA (International Air Transport Association) and UFTAA (Universal Federation of Travel Agent Association) for refunds and other re-booking issues.”
TAAI has been working jointly with FAITH and CII to put a united front with the government and supplying them with industry data. “We are looking forward to relief and tax rebates, and especially support in paying salaries of our staff.”
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