Kush Kapoor

CEO, Roseate Hotels and Resorts

The hospitality industry has been severely battered by three consecutive Covid-19 induced waves over the last two years. The extension of the ECLGS moratorium by one year for the hospitality sector will come as a breather for the hotel players grappling with the burden of loan repayment and uncertainties in revenue generation. The move will bolster the much-needed liquidity to the sector which employs a large number of people.