Tourism Breaking News
The GST Council has lowered tax rate on hotel tariffs to make India a more viable tourist destination. The GST on hotel room tariff between Rs 2500 to Rs 7500 has been reduced from 18% to 12% and GST on hotel room tariff above Rs 7500 has been reduced from 28% to 18%. This is a good news for inbound MICE, where India has been losing out to neighbouring countries. This move is expected to give boost to the tourism industry of the country. With this, the hotel industry has been removed from the 28 per cent tax slab, the highest under the GST regime.
Breaking News
- India, targeting a 30% market share by FY2032, needs approx additional 60 widebody aircraft: CAPA
- Join a webinar about Eurail passes and learn to book passholder fares with Rail Europe on 30 April at 3pm
- HRAWI proposes to set up bureau to promote Maha as an enticing destination for M!CE events
- UPTCL Indo Jaya Cup, held in Lucknow, will offer opportunities to expand tourism business in UP
- India’s outbound potential and opportunity in transfer traffic via Indian hubs, makes it an exciting long-haul market: CAPA India
- Vistara allows agents to use specific TMC credit cards, more banks to be added to list on TAAI’s request: Jay Bhatia, VP, TAAI
- No active pipeline of hotel development in Delhi to meet increasing demand of incoming air passengers
- IHG Hotels & Resorts to double presence in India with 100 operating hotels in 5 years
- 60% of APEC Gen Zs and Millennials are actively subscribed to loyalty programmes: Marriott Bonvoy survey
- Palladium Hotel Group debuts in Middle East on Al Marjan Island with more than $100 million in investment
- IHCL opens 95-key Vivanta hotel in Jamshedpur, Jharkhand
