Budget will benefit premium hospitality chains immensely

“We believe that the Union Budget for 2017 is a step in the right direction for the hospitality industry across the country. The cash transaction limit till INR 3 lakh will normalise the cash flow after the effect of demonetisation.No change in the GST across platforms will benefit the hospitality sector. Direct tax rates reduced will give the entry level customers a fair share of disposable income. These developments will benefit the premium hospitality chains immensely for the coming year.” – Gaurav Singh, general manager, Courtyard by Marriott and Fairfield by Marriott.