India’s Travel and Tourism Sector Sets Sights on Interim Budget 2024-25 with Anticipation
In the shadow of the persistent Covid pandemic, the Indian travel and tourism industry is training its gaze on the forthcoming Interim Budget 2024-25. The sector, one of the hardest hit by the pandemic, seeks measures to help fuel its revival and growth. The expectations are high, and the stakes, even higher.
Infrastructure Enhancements and Tax Rationalization
Rajesh Magow, co-founder & Group CEO of MakeMyTrip, has voiced the industry’s concerns and aspirations. A key recommendation is to rationalize Goods and Services Tax (GST) rates and permit GST credit. This move, Magow believes, could render hotel accommodations more affordable, stimulating investment and enhancing the organized hotel supply in India.
High Operational Costs in Aviation
Magow also drew attention to the high operating expenses due to Aviation Turbine Fuel (ATF). He underscored the necessity for a policy framework to…
