Kerala Travel Mart (KTM), India’s largest and most sought-after B2B tourism meet, has invited domestic and foreign buyers to interact with 700 sellers across the world during its five-day virtual event next month in a bid to stimulate the state’s tourism sector in the post-COVID scenario. The March 1-5 KTM, which will showcase the excellence and alluring products of the sector, seeks to give a huge impetus to recovery of tourism from the throes of the pandemic that has considerably dulled the sector for a year now but is now in a rebound mode. Registrations can be made at Kerala Travel Mart website and it can be accessed online by the media and visitors as well. The KTM Society, which organises the biennial event, is India’s biggest organisation in the travel and tourism. ...
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The tourism industry has welcomed the recommendations of the Kamath Committee, however industry players think it may be difficult for some to meet the parameters. The KV Kamath Committee has listed tourism among the 26 sectors that require financial restructuring in the aftermath of the COVID-19 crisis. The five-member committee appointed by the Reserve Bank of India (RBI) has recommended five financial parameters or ratios with sector-specific thresholds that lending institutions can factor in as part of a graded approach to restructuring or finalising a resolution plan for a borrower. The five parameters for each sector are the total outstanding liability to adjusted net worth, total debt to EBITDA, debt service coverage ratio (DSCR), average DSCR, and current ratio. Debt/E...
Read MoreHow do we travel during and after the ongoing COVID-19 outbreaks? The answer to this question not only affects our holiday plans as well as daily lives, but also the recovery process of the severely pressured leisure, tourism, and travel industries. Answer is never going to be easy, but one thing for sure is that in the months or probably more to come, long haul leisure will be least preferred. It means, domestic tourism is going to grow, people are more likely to stay close to homes, or at least in their country. Governments have realised this thing as well. They are sure overseas tourists are not going to come in that numbers. Crossing borders will be an uphill task as entries are restricted and banned depending on case load of COVID-19 pandemic. Thus, governments want everyone to tr...
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