Budget 2022 expectations: Hotel Industry seeks Infra status, exemption on meeting expenses among other demands from FM Nirmala Sitharaman
Ahead of Union Budget 2022, hotel and hospitality industry wants infrastructure status for the sector, GST credit to individuals for hotel stays, exemption on expenses incurred on meetings/conferences held in hotels among several other demands.
The industry has urged the government to assign infrastructure status to the hospitality industry. Currently, Hotel companies are offered loans at higher interest rate for developing a new property.