Curb unregulated businesses

According to Jaydeep Patel, Managing Director, Ciclo Tourism, to grow tourism and hospitality industry and make it more competitive, the government has to reconsider the tax structure. He proposes that in the upcoming budget, there is a need for a higher fund allotment to develop infrastructure at major tourist spots and curb unregulated business in the industry to increase attractiveness and sustainability of India as a tourist destination. “The government would need to introduce tax incentives and rebates for hotels and tour operators and provide clarity on eligibility to claim cent per cent capital expenditure in case of substantial renovation of an existing hotel premise,” says Patel.

The government would need to introduce tax incentives and rebates for hotels and tour operators, and provide clarity on eligibility to claim cent per cent capital expenditure in case of substantial renovation of an existing hotel premise.