Tourism and hospitality industry lauds direction of the budget proposals – ET HospitalityWorld

Ashish Gupta, consulting CEO of FAITH, the umbrella body of 10 trade associations in the travel, tourism and hospitality sectors, was forthright in his reaction when he said no big announcements were expected from the FM as it was an interim budget. He feels that the actual budget in July will take forward the statement of intent announced in the interim budget.

“It is hoped that the continuous engagements of the FAITH Associations with government officials may reflect in the July budget given the industry’s employment, investment and forex creation potential. Announcements such as infrastructure status for the hospitality industry, focus on enhancing foreign tourist arrivals through enhanced overseas marketing budgets and free tourist visas and reduction of GST to 12 percent for hotels and…