Reiterating the industry’s long-standing demand, the HAI delegation recently met and requested Union Minister of Tourism Shri. G. Kishan Reddy for according hotels the status of ‘Infrastructure’. The Association asserted that Infrastructure status will help the hotel industry to access funds at improved rates and also attract investments by MSMEs. To aid the post-pandemic revival of the Industry the Association has recommended that hotels with a capex of INR 25 crores and above (excluding land cost) be accorded the status of infrastructure. The association further discussed the role of a robust hospitality sector in serving the needs of all kinds of tourists-pilgrims, business travelers, leisure travelers, domestic or international travelers. Currently, hotels are paying commercial interest rates. The non-availability of soft credit has been one of the significant roadblocks for investments in the hospitality sector.
