Pre Budget- Radisson Blu Palace Resort and Spa, Udaipur

Mr. Somesh Agarwal, Chairman and MD of Radisson Blu Palace Resort and Spa, Udaipur
The hospitality industry is an integral part of the Indian economy and tourism. It is essential to establish it as a priority market from the lens of the country’s economy. With the industry growing rapidly, strategic investments and policy reforms are crucial. We urge the government to abolish the 18% GST category for hotels with high room rates above Rs. 7500/—and merge it with the 12% GST category. Simplifying GST structures and addressing tax disparities will boost the sector’s competitiveness in the global market and make tourism accessible and affordable for all across the globe. Additionally, providing infrastructure to hotels and convention centres across cities is crucial for investments and driving the sectors’ growth. These measures will not only stimulate economic growth and job creation but will also position India as a premier global tourism destination, showcasing our rich cultural heritage to the world. We need the support of both the state and central governments to position India on the global tourism map.