Hotels, restaurants tell FinMin banks not cooperating in loan restructuring; may ‘succumb’ by year-end

The 10 PM deadline will further hurt business.Hotels and restaurants sought rationalizing and cutting down the number of licenses under ease of doing business policy.

Ease of Doing Business for MSMEs: Indian hotels and restaurants are likely to “succumb” by the end of the year due to the lockdown impact if immediate action is not taken by the government, Federation of Hotel & Restaurant Associations of India (FHRAI), which represents 5 lakh restaurants and 55,000 hotels, told

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Grim times for Hong Kong’s travel agencies as 71 companies fold, with more likely to go by year-end



a person standing in front of a bridge: Tourist numbers in Hong Kong have been all but wiped out by the coronavirus crisis. Photo: Sam Tsang


© SCMP
Tourist numbers in Hong Kong have been all but wiped out by the coronavirus crisis. Photo: Sam Tsang

The Covid-19 pandemic, which has halted international trips, took its toll on 71 Hong Kong travel agents this year, but the industry regulator has warned that the worst is yet to come.

“The outlook is most gloomy for travel agents,” said Alice Chan Cheung Lok-yee, executive director of the Travel

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