The ‘no-relief on GST’ stance taken by the government and the failure to recognise hospitality as crucial to India’s growth story continues to be stumbling blocks.
Union Finance Minister Nirmala Sitharaman presented her first budget on July 5, post the formation of the new government in June this year. While the budget has garnered mixed reactions across all the industries, it has also laid a roadmap for India, which is aspiring to be a $5trillion economy. The budget has focussed attention on the digital economy, start-ups, banking reforms and infrastructure development. For the hospitality and tourism sectors, the government has promised the development of 17 iconic tourist sites as world-class tourist centres, which will offer further growth impetus to the two. However, the failure to bring down GST for the hospitality segment could prove to be a dampener. Market leaders and industry experts share their perspective on the hits and misses.
Aditi Balbir, founder and ceo, V Resorts
Hospitality and tourism industries
The development of 17 iconic tourist sites as world-class centres by the government comes as great news for the hospitality and tourism segments. This policy will not just attract more tourists but also generate better job opportunities. The budget has emphasized the promotion of the rich tribal heritage of India. Policies to promote tribal arts, crafts and fashion on a global platform will help us grow. This move might put us on the world map and generate revenue for the tribal sections of our society.
Women entrepreneurs
Denne historien er fra August 2019-utgaven av Hotelier India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra August 2019-utgaven av Hotelier India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
The Big Fat Indian Wedding
With a slew of initiatives, hotels are ensuring that the wedding day is special for the couple as well as for the hotel's bottom line.
An Organization Of Rainmakers!!!
Rainmakers are revered for their ability to generate income (rain) for an organization by cracking deals, attracting clients/guests and holding on to them; often, for a lifetime... Revenue generation (rainmaking) is the job of everyone on the team.
Hospitality: A Rewarding Career Awaits
Delving into the roles and responsibilities that professionals in the field of hospitality can undertake in carving a rewarding career.
"India is my first baby!"
Bader Ali Habib, Regional Head of Proximity Markets, Dubai Department of Economy and Tourism, gets candid.
The Essence of Landscape Architecture
Innovative landscaping can enhance the luxury hospitality experience by enriching guest interaction with the natural world.
Teaching the Art of Tea
The first global tea artist from India, teaching the art of making and drinking fine tea, Susmita Das Gupta talks about her mission to make Indian specialty tea reach a global audience.
Feeding Profits
Food and beverage is driving revenues in hospitality in novel ways as hotels innovate with new-age experiences.
Acing the Revenue Game
Hotels are looking at new avenues to generate revenues that go beyond rooms and food.
The Power of Predictive Maintenance
A strategic approach to enable Indian hotels to become leaders in sustainable hospitality.
Shaping a Sustainable FUTURE
To mark the occasion of World Environment Day this month, we find out how the hospitality industry is paving the way for a greener, healthier tomorrow...
