By Sahara Rose De Vore The trend toward wellness and transformative experiences is a popular one in the tourism and hospitality industries, but many companies are missing the point. In a pre-pandemic world, travel companies were promoting wellness experiences that were traditional, focusing on spas, gyms, healthier meal options, meditation sessions and yoga retreats. Granted, […]
The travel and tourism industry welcomes the noteworthy initiatives of issuance of e-passports and the expansion of the ECLGS scheme for the hospitality sector announced at the Union Budget FY 2022-23. While we are certain that the modern infra developments of roads, railways, airports, ports, waterways, and the national ropeway project mentioned under the Prime Minister’s […]
Written by Hoteliers Web
While the Union Budget 2022-23 offered significant initiatives and outlay pertaining to infrastructure development, technology, health, education and skill development, we are disappointed that the Travel & Tourism sector saw limited attention. The recommendations put forward by our industry to support recovery did not receive mention – including tax rationalization, GST holiday, exemption of TCS […]
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By Mandeep S Lamba and Dipti Mohan Following an abysmal performance in 2020, the Indian hotel sector found some much-needed hope in 2021, as it made steady headway on the road to recovery. The year began on a promising note with the commencement of the vaccination program, which, combined with a decrease in COVID cases, improved travel sentiment […]
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The Union Budget 2022 presented by Hon’ble Finance Minister provides the much needed positivity with focus on infrastructural development, digital enhancements, and healthcare. While, the Prime Minister’s PM Gati Shakti plan focusing on roads (25,000kms additional national highway), railways (2000km new railway network by 2023), airports, ports, waterways as these modern infra developments will raise productivity […]
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The Union Budget 2022-23 reflected a development and investment orientation, with much needed emphasis on infrastructure, technology, skill development and health. From a Travel & Tourism perspective however, the Union Budget has been disappointing. The Budget made no reference to the industry’s recommendations to aid revival, including rationalization of taxes (a complete GST holiday, exemption […]
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“The Emergency credit scheme increased from 50k crores to 5 lakh crores, and extended till March 2023, will bring some relief to the ailing hospitality sector. However, I see only a marginal impact of the e-passport announcement. 50,000 crore earmarked for hospitality and related sectors is also a welcome move.“ Mehul Sharma, Founder & CEO, […]
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“We congratulate and welcome the slew of measures announced by Finance Minister Nirmala Sitharaman and the government on the pragmatic and focused Budget 2022-23. We are grateful that the government has taken relevant measures to revive the travel and hospitality industry as it is one of the major contributors to the growth of our economy. […]
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By Chris KlaudaSTR With employees continuing to return to offices, ongoing vaccination progress and the reopening of many international borders, the time would seem to be ripe for the return of business travel. Yet, even before the news of the omicron variant in recent days, there continued to be negative sentiments about the return of this […]
Written by Hoteliers Web