Challenges of Hospitality Sector In The Scenario of Covid 19 With Special Reference to the Indian Hospitality Industry

Hospitality

Indian hospitality industry is considered as one of the most important sector that strengthens the Indian economy by providing ample of opportunities either by direct and indirect ways. This sector has contributed a lot in developing the economy of the nation. Indian hospitality sector generates good amount of foreign exchange and contributes in national gross domestic product (GDP) of the nation. It is one of the sectors that provide huge employment to the young talent every year and provide them long term careers and avenues to earn their livelihoods. The essence of this sector is that it engages both the skilled and non skilled human capital. Significant growth of the hospitality sector can be easily identified. Hospitality sector has provided enough opportunities to the investors, generated employment and long term benefits. But in the current scenario of Covid 19, the hospitality sector is facing enough challenges, the economic growth has stopped and huge loss is being faced by this sector throughout the nation. However, the concept of ‘New Normal’ has provided a hope to overcome to the situation by adopting the new concepts, strategies and techniques. This resilience will stimulate the economic growth factors and assist in rejuvenating.

This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.