Harmandeep Singh Anand, Managing Director, Jagsons Travels Pvt Ltd flagged a severe financial strain across India’s outbound travel ecosystem, estimating industry losses at ₹8,000–10,000 crore. “Refunds alone have reached nearly ₹3,500 crore, while another ₹4,000–5,000 crore remains locked in credits and reschedules, significantly impacting liquidity,” he said. “With insurers covering just about 30%, agencies—especially SMEs—are absorbing unrecoverable commissions, creating sustained cashflow stress.”
Janice Alyosius is a travel and MICE journalist focusing on business travel, destination marketing, aviation and industry policy. She leads editorial content at MICEtalk and also writes for TravTalk, covering global trends, trade developments and key industry conversations. With regular reporting from tourism forums, conventions and on-ground industry events, her work blends news-led analysis with strong industry voices, offering clear context and relevance for travel trade professionals and decision-makers.
