Hospitality industry has been ignored once again: Param Kannampilly

CMParam Kannampilly, Director, Concept Hospitality, says, “The union budget this year like many other previous budgets have ignored the hospitality as well as the tourism sector. The industry was waiting anxiously for the Finance Minister to make some concrete announcement, however nothing happened. Only silver lining which I can see is the increase in spend on infrastructure which will help the sector. The connectivity will give rise to hotels coming in new towns and mofussil areas. It might also result in higher Occupancies and better ARRs. The increase in corporate tax threshold will help the sector, however, this will be restricted to medium and small sized entities.”