Indian tour operators estimate they could lose up to $500 million because of can...
NEW DELHI - Indian tour operators estimate they could lose up to $500 million because of cancellations from tourists from China and other countries due to the coronavirus outbreak, a cost that could rise four-fold if it persists through the year.
“There is a panic in the tourism sector as thousands of bookings have been canceled,” said E.M. Najeeb, vice president, Indian Association of tour operators. Tour operators said more than 50,000 Chinese tourists were expected to visit during January-February and most of these bookings were now canceled. India like other countries has blocked the entry of people from China and Hong Kong.
India annually earns nearly $30 billion from foreign tourist arrivals, and is worried it could harm already weakened growth.
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