With moratorium ending, many travel companies might shut

Ravi Gosain, MD, Erco Travels, has said that with moratorium limit ending on 31^st August, many travel companies must shut down. “Situation is very unfavourable for tourism industry. On 31^st August, moratorium is ending, and most of the people, whether employees or employers took a moratorium and were expecting that something will roll out. However, things haven’t improved. From September onwards, I don’t think companies of any size are able to pay a single bill. Hence, this will be a huge setback. Hence, I am sure there will be many bankruptcies after this moratorium has ended,” he shared.