The attempt to preserve and protect heritage cities is remarkable and will definitely help boost tourism – Mr. Balaji CEO Clarks Exotica Convention Resort And Spa

“This year’s budget was more focused on agriculture and health, which is a great thing for India and it also stressed on developing nation’s infrastructure. In terms of hospitality, though there was nothing much directly in terms of benefits, there were several things related to the overall development of infrastructure that can be beneficial to the industry. Among others, the expansion of airport capacity by about 5 times, the development of the railway infrastructure and even the improvement of suburban railway networks in cities like Mumbai and Bengaluru is great for us.

The attempt to preserve and protect heritage cities is remarkable and will definitely help boost tourism, which naturally translates to benefits for the hospitality industry. The government has announced that 10 prominent tourist sites will be developed into iconic ones besides; visitor experience will be enhanced at 110 monument sites. One can only imagine the potential of tourists pouring into these cities. When we say ‘development’, that naturally includes development across verticals including quality hotels and infrastructure.

Currently, the budget is not directly indicating any impact on the hospitality sector. There might be some indirect impact, which we need to wait and watch once the policies are executed and also looking forward for fast implementation of these Budget announcements. But the above mentioned moves towards development of tourism definitely holds rich rewards for the hospitality industry as well, at least in terms of more business.

Mr. Balaji, CEO, Clarks Exotica Convention Resort And Spa