YEAR – END AND PRE-BUDGET 2018 -19 EXPECTATION FROM TOURISM, HOSPITALITY AND AVIATION

Author(s): 

Dr.Ankur Bhatia, Executive Director, Bird Group & Member of CII’s Core Committee on Aviation.

Dr.Ankur Bhatia, Executive Director, Bird Group & Member of CII’s Core Committee on Aviation: "With the consistent surge in domestic tourism, 2017 started on a positive note for aviation, travel and hospitality industry. India became the third largest aviation market as domestic air traffic showed consistent growth. The hospitality industry however faced several roadblocks but has made an encouraging recovery in the last quarter. The industry’s dependence upon technology is growing to improve efficiency, accelerate profitability, and we expect Global Distribution Systems (GDS) to become more deeply embedded across these sectors.

2018 for aviation, travel and hospitality industry will be a promising one as domestic travel and MICE picks up resulting in business growth. With the upcoming Union Budget for 2018-19, we are looking forward to reforms supporting the industry. While the government is aggressively marketing brand India globally, it is imperative to focus internally and address issues around taxation, infrastructure and inconsistent regulations imposed by various states to achieve the potential of these industries. We also hope the Union Budget will empower each of the industries to take full advantage of varied opportunities ahead."

Date: 
Wednesday, December 6, 2017