INSUBCONTINENT EXCLUSIVE:
Tour operators said more than 50,000 Chinese tourists were expected to visit during January-February.New Delhi: Tour operators estimate they
could lose up to $500 million because of cancellations from tourists from China and other countries due to the coronavirus outbreak, a cost
that could rise four-fold if it persists through the year.State carrier Air India has cancelled flights to China and Hong Kong until further
notice while private carrier IndiGo has suspended its flights until February 20."There is a panic in the tourism sector as thousands of
bookings have been cancelled," said E.M
Najeeb, vice president, Indian Association of tour operators.He said foreign as well as domestic tourists were cancelling travel to the
southern state of Kerala where three cases of the disease have been confirmed, prompting state authorities to declare a state of
emergency.More than 280,000 Chinese tourists visited India in 2018, and were among the top 10 spenders by nationality despite being less
than 3 per cent of 10.6 million foreign tourists in 2018, according to government estimates.Tour operators said more than 50,000 Chinese
tourists were expected to visit during January-February and most of these bookings were now cancelled
India like other countries has blocked the entry of people from China and Hong Kong."We fear immediate loss of up to $500 million as the
coronavirus outbreak has hit the arrival of tourists from China, Hong Kong and neighbouring countries," said Pronab Sarkar, national
president, Indian tour operators Association.He said losses for domestic tour operators would be much higher, as many outgoing local
tourists to China and other countries were also cancelling bookings after the outbreak.India annually earns nearly $30 billion from foreign
tourist arrivals, and is worried it could harm already weakened growth.Sanjeev Sanyal, principal economic adviser to the finance ministry,
told Reuters authorities were following the situation closely and would quickly respond as it evolved.However, India could also benefit as
the outbreak could lead to lower oil prices and softer global interest rates, he said.Reserve Bank governor Shaktikanta Das flagged
coronavirus as a new risk for stuttering economic growth, estimated to slip to an 11-year low of 5 per cent in the financial year ending in
