Abstract
As countries are separating themselves from the rest of the World to overcome the pandemic COVID 2019, it is definite that it will have a cascading thwack on the world economies. As the Indian government imposes a three-week lockdown, it is paramount to understand which companies are predominantly influenced and how those companies are managing their human resource. The authors initiate to divulge the economic impact of lockdown due to COVID 19 on the Tourism and Hospitality Industry in India. The article not only embraces on economic impact but also enlarge on how the lockdown will have an unpropitious impact on employees of these sectors and how the organizations are contriving their practices to face the challenges that are imposed. The article also poses some propositions that may be followed so that the addressed sectors may reduce the perplexities of COVID19. The core of the article is the economic impact of the COVID19 epidemic on the Tourism and Hospitality Industry in India and the measures adopted by the companies to facilitate the employees. The article is important as it gives an understanding of the unique HR policies that are being adopted by the companies in dire circumstances to assist and facilitate their employees. The article also, put forward certain propositions that may be adopted by the government to support the Tourism and Hospitality Industry for managing the financial loss and reduce mass unemployment for better sustainability during the critical situation of COVID-19. Keywords: Covid-19, Lockdown, Tourism Industry, Hospitality Industry, Employees DOI: 10.7176/JTHS/53-02 Publication date: January 31 st 2021
Highlights
With the number of COVID-19 cases leaning dangerously more than 2954222 and the worldwide death toll crossing more than 202597 [1], the World Health Organization (WHO) declared the virus outbreak a pandemic in the second week of March 2020, four months after the novel virus first made headlines
The tourism and hospitality industry has come to a standstill; travel, hotel, and aviation are bleeding in this challenging scenario
Hospitality, and aviation industry bodies have written to the government for interim relief to pay installments, taxes, and salaries to employees
Summary
With the number of COVID-19 cases leaning dangerously more than 2954222 and the worldwide death toll crossing more than 202597 [1], the World Health Organization (WHO) declared the virus outbreak a pandemic in the second week of March 2020, four months after the novel virus first made headlines. Impact on Tourism & Hospitality Industry According to the report of the UN Conference on Trade and Development estimated that India could lose $348 million and declared it among the top 15 most-affected economies, after the EU, the[8] US, Japan, and South Korea [7]. Some of the worst-hit sectors in India include the tourism and hospitality industry.
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