In 2020, the hospitality industry underwent its most challenging crisis as one of the worst-hit sectors due to the COVID-19 outbreak. According to IBEF, the tourism and hospitality industry created 39 million jobs in FY20 — eight percent of the total employment in the country.
However, with travel restrictions imposed by the various governments across the globe, the hospitality industry came to a standstill, facing major salary cuts and job layoffs.
![Hospitality industry lays out expectations after a year of constant low 2 - India Tourism budget 2021, hospitality industry](https://traveltrade.xyz/wp-content/uploads/2021/01/Hospitality-industry-lays-out-expectations-after-a-year-of-constant.png)
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Tanai Shirali, Senior Director – Operations of Mumbai’s rooftop lounge ASILO, says, “COVID-19 has shaken our already eroded foundation. While our income has been severely stunted due to the ongoing crisis, our expenses have not.”
While ASILO witnessed…