Hospitality cos cheer focus on island tourism even as some ‘disappointed’ with no infra tag — The Indian Panorama

New Delhi (TIP)- Hospitality industry cheered Finance Minister Nirmala Sitharaman’s focus on promoting island tourism in the interim budget, saying it reflects a strategic vision for the long-term growth of the travel and tourism sector, even as some players expressed disappointment over the sector not getting infrastructure status.
“Overall, a good nation-first budget. However, the hospitality industry is disappointed that infra status for the industry did not come through. A missed opportunity for an industry that can significantly grow contribution to the GDP and employment as well as the much needed foreign exchange for the country,” said Sanjay Sethi, CEO and Managing Director, Chalet Hotels Limited.
“We are optimistic about additional futuristic support from the government in granting infrastructure status to hospitality and tourism, which will help us achieve a long-awaited status. We foresee that this will have a multiplier impact and drive significant investment…