Experts say despite the revival in the sales of essential goods, several sectors are continuing to drag private consumption down.
With only a few foreign destinations welcoming tourists, players such as Thomas Cook, Yatra.com and MakeMyTrip are tapping demand for stays in villas, havelis and forts with local experiences
The company is taking certain steps especially on the corporate side of business
Total Adjusted Revenue falls to $137.2 million in the quarter ended March 31, 2020 from $163.3 million in the same quarter last year
C Vijayakumar, president and chief executive officer of HCL Tech, tells Neha Alawadhi that though demand has fallen in some sectors, others continue to be strong.
Amid the market sell-off, travel service companies such as Thomas Cook and Cox & Kings have been falling like ninepins, Indian Railway Catering & Tourism Corporation (IRCTC) has emerged as an outlier
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"…travellers are being cautious in making their (outbound) travel plans," said a spokesperson at MakeMyTrip
Bookings for South-East Asia have hit a snag, and travel firms are bracing for further cancellations with the virus now having spread to Europe
In the first half of FY19 (April-September) the segment players including Paytm, EaseMyTrip and Ixigo are estimated to have clocked total travel bookings of about $5 billion