Kerala State Lost Tourism Revenue Of INR 1,000 Crores Post Demonetization
Wednesday, January 4, 2017, 4:59 PM
Kerala State Government said the tourism sector has registered an estimated loss of about INR 1,000 crores, post demonetization of old 500 and 1,000 rupee currency notes. There was a decrease of 10-15% in the number of foreign tourists arriving, while the number of domestic tourists dipped by 20-30%. The state of Kerala gets a revenue of INR 25,000 crores every year from tourism.