Union Budget 2024-25: Absence of incentives disappoints hospitality sector

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Union Budget 2024-25: Absence of incentives disappoints hospitality sector - Business Standard

Quick Summary:

India has witnessed a remarkable development in the tourism and hospitality sectors in the post-COVID-19 era.

Many pockets in the country can be developed,” said Ramesh Nair, chief executive officer of Mindspace REIT, K Raheja Corp., while recognising the price boom in real estate markets in religious cities like Ayodhya and Varanasi.

While the promotion of spiritual tourism will help the sector, hoteliers say the sector should be recognised for its potential to create new jobs and help consumption.“Promotion by the government will help the spiritual destinations, which is great.