Tag: ICC

The coronavirus crisis can result in 18-20% erosion of nationwide occupancy across the hospitality sector, Indian Chamber of Commerce (ICC) has said. The cascading effect of the global coronavirus pandemic is crippling the country’s tourism and hospitality industry at an “astonishing pace”, the industry body noted. Hence, the ICC has recommended setting up of a ‘Travel & Tourism Stabilisation Fund’ with direct benefit transfer to each unit to prevent financial loss and consequent job loss. Foreign Tourist Arrivals (FTA) has come down by about 67% annually in the January-March quarter, while for domestic tourists, the figure is lower by nearly ... Read more

  World’s largest cricket stadium, with seating capacity of over 1 lakh is coming up at Motera in Ahmedabad. Gujarat Cricket Association vice-president Parimal Nathwani on Sunday tweeted out pictures of the stadium under construction, stating that the dream project of the state cricket board will become a symbol of pride for the nation. “World’s Largest Cricket Stadium, larger than Melbourne, is under construction at Motera in Ahmedabad, Gujarat. Once completed the dream project of GujaratCricketAssociation will become pride of entire India. Sharing glimpses of construction work under way,” tweeted Parimal Nthwayi. The stadium is said to be built across ... Read more