Speed-break­ers in the in­dus­try

TravTalk - India - - Highlight -

There has been an eco­nomic slow­down glob­ally. The first ca­su­alty is al­ways the hos­pi­tal­ity in­dus­try. We need to gear our­selves to cut costs and let the times tide over. Also, it is wrong to say the ru­pee slow­down makes In­dia cheaper and at­trac­tive. To an ex­tent, yes the coun­try does be­come cheaper. But if

there is a slow­down, we would not get too many for­eign tourists. Also, our im­ports be­come costlier. Our F& B costs have al­ready in­creased along with elec­tric­ity, wa­ter bills and soar­ing fuel costs. In ad­di­tion, we have an anoma­lous sit­u­a­tion ex­ist­ing in many states wherein lux­ury tax is charged on pub­lished room rates and not ac­tual tar­iff. Con­cep­tu­ally, the pro­posed GST regime has the po­ten­tial to al­le­vi­ate a ma­jor­ity of the in­dus­try’s con­cerns with re­gard to tax­a­tion. FHRAI will con­struc­tively en­gage with the Cen­tral and State Gov­ern­ments at the high­est level, so that this am­bi­tious and pro­gres­sive ini­tia­tive re­sults in a trans­par­ent and stream­lined tax sys­tem.

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