Although the union budget is extremely good for the country as whole, especially the middle class and the farmers; however, I believe the tourism and hospitality sector again missed the bus.
We have been demanding infrastructure status for the hospitality sector for projects above Rs. 25 crores for many years, which needs to be allotted soon.
Furthermore, the GST rate of 18% on room rates above Rs.7500 should have been brought down under the 12% bracket.
Development of a few temple corridors is good for domestic pilgrimage. Likewise, simplification of tax regime for foreign shipping industries operating in domestic cruises in the country will boost cruise tourism and generate employment.