India Budget 2018
With the upcoming Union Budget for 2018-19, we can assume that this budget can be a big push towards increasing the digitization with high-tech solutions. Also, we are looking forward to reforms supporting the industry. While the government is aggressively marketing brand India globally, it is imperative to focus towards infrastructure, digital infrastructure, the speed of clearances of hotel projects will have a positive impact on our business. Liquor license policies need to be simplified for the star category hotels to attract more tourists.
As Hoteliers, we wish for a simplified regulatory environment that can attract additional investment. Competition among investors will help New Hoteliers to have more control over the terms of the contract and continuously spur the innovation economy. Further, hoteliers hope for tax holiday in the underdevelopment tourism area like Northeast. Lastly, we expect some GST further reduced for budget hotels.
Mr. Sarbendra Sarkar is the Founder & Managing Director of Cygnett Hotels & Resort
