• Mr. Essam Fakhriddin, CEO ATICO Fakhreldin Group, President of Jordan Restaurant Association, sheds light on the suggested solutions to alleviate the COVID19 crisis

Mr. Essam Fakhriddin, CEO ATICO Fakhreldin Group, President of Jordan Restaurant Association, sheds light on the suggested solutions to alleviate the COVID19 crisis

 

The tourism sector is going through a real and catastrophic crisis and at a rapid pace that has not been witnessed before, and it is the sector most affected by the emerging corona virus and the global horror that overshadows the world.  In Jordan, tourism offices and hotels witnessed cancellations of thousands of reservations. Restaurants of all categories witnessed great reluctance by their customers, and their sales decreased more than 50% in previous days and at a rapid pace due to the fear and fear of the Corona virus. The tourism sector is one of the largest employers of employment, and it is directly and indirectly supportive of many different sectors and industries. If it collapses – God forbid – and I fear that this crisis will drag on, it will have a catastrophic impact on the economy, on the labor force, and on other sectors.  Many European governments have supported various businesses financially and through economic funds to enable these affected institutions to bear the burdens and repercussions of the crisis, and Sweden is a good example of this. * Postponing and reducing all fixed costs for a period of three months, to be extended according to the situation, including: 1- Social Security 2- Sales tax 3- The energy bill, especially electricity 4- Freezing loan payments and temporarily canceling interest. 5- Addressing the lessors and urging them to postpone the rental fees as well.  Upon the end of the crisis, with God’s help, the sums due from the facility shall be paid in installments for a year or more without interest.  Tourism is Jordan’s oil, and we must join hands quickly to preserve our facilities from collapse and bankruptcy. God forbid, and they must be supported to weather the crisis. Otherwise, the consequences are catastrophic not only for our sector but for most sectors.

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