The jet crisis has not only dragged down aviation sector but is also impacting the travel and tourism industry and hence the next priority for Narendra Modi govt could be to revive the aviation, say travel and tourism companies. Along with this, improvisation in GST slabs, working on infrastructure and taking forward the work done under schemes such as UDAN (Ude Desh ka Aam Nagrik), Swadesh Darshan, PRASAD, among others, would help in strengthening the industry. Tourism and Travel is one of the crucial industries for the Indian economy as it accounts for 9.2% GDP of India.
Travel and tourism is also one of the major job providers and has provided jobs to 4 crore people in 2018, according to a recent FICCI-YES bank report. It becomes pertinent that the newly formed government takes a look at what all can be done to make the industry more prominent and viable.
The aviation industry, which is still coming out of the after effects of Jet Airways grounding, needs certain reforms. “Given the recent challenges faced by the aviation sector due to the withdrawal of Jet Airways flights and other challenges faced by Indian carriers, we believe there is an urgent need for a holistic view and corrective measures to be taken to revive the sector” Mahesh Iyer said adding that this will be pivotal to other industries as well including travel, tourism, hospitality and business environment.
Since the aviation and tourism industry are connected, one affects the other. The high ATF prices for carriers have caused dramatic losses to major carriers. “With the new government, the need to lowering ATF pricing and strengthening infrastructure at tourism sites is of key importance. This will encourage travel and affordability,” said Vishal Suri, Managing Director at SOTC Travel.
24/05/19 Prachi Gupta/Financial Express
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Travel and tourism is also one of the major job providers and has provided jobs to 4 crore people in 2018, according to a recent FICCI-YES bank report. It becomes pertinent that the newly formed government takes a look at what all can be done to make the industry more prominent and viable.
The aviation industry, which is still coming out of the after effects of Jet Airways grounding, needs certain reforms. “Given the recent challenges faced by the aviation sector due to the withdrawal of Jet Airways flights and other challenges faced by Indian carriers, we believe there is an urgent need for a holistic view and corrective measures to be taken to revive the sector” Mahesh Iyer said adding that this will be pivotal to other industries as well including travel, tourism, hospitality and business environment.
Since the aviation and tourism industry are connected, one affects the other. The high ATF prices for carriers have caused dramatic losses to major carriers. “With the new government, the need to lowering ATF pricing and strengthening infrastructure at tourism sites is of key importance. This will encourage travel and affordability,” said Vishal Suri, Managing Director at SOTC Travel.
24/05/19 Prachi Gupta/Financial Express
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