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COVID-19 costs hospitality sector $12 billion

Posted On: Aug. 18, 2020 9:02 AM CST

A report said that the Indian hospitality sector lost 898 billion Indian rupees ($12 billion) during the year due to the COVID-19 pandemic, CNBC TV18 reported. The sector's revenue totaled nearly INR 1.6 trillion last year. The report was published by U.S.-based consulting firm HVS Global Hospitality Services and India-based Anarock Property Consultants Pvt. Ltd.

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