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Will COVID-19 unlock trigger quick recovery in hospitality, travel sector? Experts weigh in

The second wave of COVID-19 has extracted a heavy toll on the restaurant, hospitality and travel sectors. With daily COVID-19 numbers showing a declining trend, several states are beginning to relax restrictions imposed on these sectors. However, the relaxations are still fairly restricted, especially for dine-in restaurants. In fact the Reserve Bank of India (RBI) last week unveiled a Rs 15,000 crore liquidity window to support businesses that are bearing the brunt of the pandemic such as restaurants and travel agencies.

Restrictions on mobility and the spike in cases during April and May have also taken a toll on the aviation sector. According to rating agency ICRA, domestic air passenger traffic fell over 65 percent with passenger traffic down to 1.9 million in the month of May from 5.73 million in April. That data reflects in IndiGo’s fourth-quarter numbers where revenue has fallen 25 percent annually and net loss has widened significantly to over Rs 1,100…

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