Mumbai: The hospitality and tourism industry continued to suffer from the impact of the slowdown, which had set in from October-November 2008, for most of the past year. Its woes were further escalated by the after effects of the Mumbai terror attacks in November 2008. The industry sulked that the government did not extend a relief package despite several appeals to the commerce and finance ministries. The industry had a pretty bad time till October 2009. “Revenues on average were down 40%...
Full Story: DNA India
