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4 Jan, 2017

Kerala tourism lost revenue of Rs 1,000 crore since Nov 8: Tourism minister

Kerala’s tourism sector has registered an estimated loss of about Rs 1,000 crore, following a dip in the arrival of foreign and domestic tourists since the Centre announced demonetisation of high-value currencies, the state government said on Tuesday. The cash crunch has severely affected the sector and the loss was estimated to be about Rs 1,000 crore since the demonetisation of old Rs 500 and Rs 1,000 currency notes came into effect from November 8 last, state tourism minister Kadakampally Surendran told a press conference in Thiruvananthapuram. There was a decrease of 10-15% in the number of foreign tourists arriving while the number of domestic tourists dipped by 20-30%, he added.

Read the rest: Kerala tourism lost revenue of Rs 1,000 crore since Nov 8: Tourism minister | india-news | Hindustan Times