Travel industry rides on high hopes from Union Budget 2014

Jul 08 2014, 16:58 IST
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SummaryA day before the Union Budget 2014, the entire travel and hospitality industry has high hopes

a growth oriented budget that will give tourism industry the added boost required. The Union Budget of 2014 – 2015 must focus on the enhancement of tourism infrastructure, rationalisation of taxes leading to an increase in both corporate and leisure travel.”

Arun Nanda, CEO, Mahindra Holidays

“I hope that the government takes travel and hospitality industry seriously in this Union Budget and brings new policies for us. There should be a rationalisation of taxes, as there are lots of taxes levied as of now like the VAT, service tax, luxury taxes,etc. Also, the government should give speedy permissions and remove the irrelevant procedures in the hospitality space, so that we can complete our projects in due course of time to serve the people.”

Sharat Dhall, president,

“We welcome the new government’s initiatives in promoting tourism and are optimistic that the budget will include reforms which will help boost the tourism industry in India. We are hoping for a relaxation in ATF to boost cheaper air travel, a re-look at the service taxes for holiday packages, and the introduction of FDI in the Railways which will help infuse greater effectiveness and efficiency in India’s dynamic tourism industry.”

Neelu Singh, COO,

“We would expect the new government to bring in vital tax reforms across the country that help tourism, improve the current state of economy and position India as a globally competitive tourist destination. It is also imperative to enhance our current infrastructure capabilities to be able to handle a large influx of tourists. This includes physical infrastructure such as ports of entry and different modes of transport as well as urban infrastructure such as access roads, electricity, water supply and telecommunication. Rationalising tax on ATF is crucial, since the entire aviation industry today is grappling with high ATF prices. Also, airport modernisation across the country, especially in smaller towns, is required for better management and operation. Most importantly, there is a pressing need to address issues regarding safety of single female travellers within India.”

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