Monday, December 11, 2023
  • About Us
  • Contact Us
No Result
View All Result
Travel News l Tourism News India | Travel Trade Magazine
  • Home
  • BOTT Magazine
    • December-2023
    • November-2023
    • October-2023
    • September-2023
    • August-2023
    • July-2023
    • June-2023
    • May-2023
    • April-2023
    • March-2023
    • February-2023
    • January-2023
    • December-2022
    • November-December-2022
    • October-November-2022
    • September-October 2022
    • August – September 2022
    • July-August – Wedding Special
    • May-June 2022: SATTE Special
    • May-June-2022
    • March-April 2022
    • January-February-2022
    • October – November 2021
    • July-August 2021
    • April – May 2021
    • February – March 2021
    • December 2020 – January 2021
    • October – November 2020
    • August – September 2020
    • June – July 2020
    • April – May 2020
    • February – March 2020
  • Hospitable Hotels
  • Fly Global
  • Beyond Boundaries
  • India for You
  • Associations in Action
Travel News l Tourism News India | Travel Trade Magazine
  • Home
  • BOTT Magazine
    • December-2023
    • November-2023
    • October-2023
    • September-2023
    • August-2023
    • July-2023
    • June-2023
    • May-2023
    • April-2023
    • March-2023
    • February-2023
    • January-2023
    • December-2022
    • November-December-2022
    • October-November-2022
    • September-October 2022
    • August – September 2022
    • July-August – Wedding Special
    • May-June 2022: SATTE Special
    • May-June-2022
    • March-April 2022
    • January-February-2022
    • October – November 2021
    • July-August 2021
    • April – May 2021
    • February – March 2021
    • December 2020 – January 2021
    • October – November 2020
    • August – September 2020
    • June – July 2020
    • April – May 2020
    • February – March 2020
  • Hospitable Hotels
  • Fly Global
  • Beyond Boundaries
  • India for You
  • Associations in Action
No Result
View All Result
Travel News l Tourism News India | Travel Trade Magazine
No Result
View All Result

IATO writes to PM, appeal to restore incentives for revival of tourism

IATO President Mr. Rajiv Mehra has written to the PM requesting him to restore SEIS (Service Export Incentive Scheme) or introduce an alternative scheme in the new Foreign Trade Policy, as the inbound tourism sector is still suffering and needs hand-holding by the government.

May 2, 2023

Besides, it seeks to roll back of TCS of 20 percent to 5 percent on Overseas Tour Packages announced in the Union Budget. These steps would place the tourism industry at par with foreign tour operators and help them compete with the neighbouring countries. Also during the current G-20 Presidency, where promoting tourism is one key objective, it would be pertinent that the Government extends a helping hand to the Tourism sector.

In the letter Mr. Mehra has mentioned that the inbound tourism industry of our country was the worst affected due to Covid-19 pandemic. Post revival of international flight operations and tourist visa, only 30-40 % of Inbound tourism to India has been revived, which the Govt accepts. So either SEIS should be restored or an alternative scheme benefiting the tourism sector should be announced in the Foreign Trade Policy 2023.

In the letter it has been stated that it took 9 years to increase foreign exchange earnings to 30.05 billion in 2019 from US$ 14.49 billion in 2010. However, at present we have gone back to 2004 level, which was 6.17 billion in terms of foreign exchange earnings. This is indicative of the stress this sector is undergoing.

According to Mr Mehra, “ We need to compete. But it becomes very difficult as the Govt. has withdrawn marketing and promotion support in foreign countries. Ended SEIS, not given any alternative benefit, GST is as high as  20-23 percent without any input tax credit, whereas neighbouring countries are charging 6-8 percent . To attract tourists we need to holistically look at all these issues. As regards the argument of revenue loss- it would be made up more than 100 times as it has a positive multiplier impact on the overall economy ”.

Mr. Mehra also mentioned about the  Increase in TCS rate from 5 % to 20 % w.e.f 1st July, 2023 is causing loss to outbound tour operators based in India. The traveler would simply bypass the Indian operator and book outside, it will be a lose-lose situation both for Govt. and tour operators. This needs to be brought back to 5 percent as was before or even lower.

The letter states nothing matches the tourism sector in terms of employment generation and contribution it makes in the economic growth of a country. Today the sector needs support and sure the government would favourably consider our request/

 

 

 

Follow BOTT on LinkedIn, Facebook, Twitter & Instagram

Subscribe BOTT Channels on WhatsApp & Telegram to receive real time updates

 

 

Tags: Breaking Travel NewsBusiness of travel trade IndiaFlight PackagesHospitality NewsHotel InformationIATOLatest Travel & Tourism Industry TrendsMICE newsTour packagesTourism Breaking NewsTourism NewsTourism News IndiaTravel & Tourism MagazineTravel FashionTravel Industry Newstravel newsTravel PackagesTravel Trade Newstravel trade news IndiaTravel Trade TrendsTravel Young GenerationVisa
ShareTweetShareSend
pallavi

pallavi

Next Post

Hyatt Place Vadodara appoints Neha Kapoor as new General Manager

The Leela Gandhinagar strengthened its leadership team

Ministry of Tourism participates in the Arabian Travel Market (ATM) 2023




More Media More Media More Media
  • Trending
  • Comments
  • Latest

63% Indians are willing to travel after COVID-19 curve is flattened: BOTT Travel Sentiment Tracker

April 28, 2020

40% Travel & Tourism companies stare at complete shutdown in next 3 to 6 months: BOTT Travel Sentiment Tracker

May 25, 2020

Coorg: The Switzerland of India

January 14, 2019

Meena Bhatia: My profile was always challenging enough so I never felt the need to look for another opportunity

July 15, 2019

Dear Mr. Prime Minister…

December 31, 2019

Vikram Dev Dutt is the new Chairman and Managing Director of Air India

January 18, 2022

BOTT Weekly Roundup: December 3 to December 9, 2023

New Hotels Join the Preferred Hotels and Resorts Portfolio

Magnificent Maldives

The Thai Golf experience

Let’s visit the United States of Tourism

Anil Madhok

Sarovar Hotels and Resorts opens sixth hotel in Bengaluru

BOTT Weekly Roundup: December 3 to December 9, 2023

December 9, 2023

Ministry of Tourism kicks off Amrit Dharohar Capacity Building Scheme 2023 

December 8, 2023

IATO urges the Hon’ble Prime Minister to initiate steps to revive inbound tourism into Country

December 8, 2023

Ramada Encore By Wyndham Amritsar Airport Road appoints Vijay Singh as Hotel Manager

December 8, 2023

FCM Travel appoints Sunny Sodhi as Managing Director of India

December 8, 2023

6th TOFTigers Wildlife Tourism Awards and B2B Travel Trade Show at Bikaner House, New Delhi

December 8, 2023

About Us

Travel is that one elixir that keeps the person going, economy may boom or dip, recessions may come and go. For pleasure or for work – travelling is an essential part of everyone’s life and the industry that works diligently to keep the process of travel smooth is called Travel Trade. The back-end staff of an airline, hospitality officials, travel agents, tour operators, cruise operators, various state tourism boards – both domestic as well as international and many other branches...
Read More

Categories

  • Appointments
  • Associations in Action
  • Better Half
  • Beyond Boundaries
  • Bott Short News
  • Bott Shots
  • BOTT Spotlight
  • BOTT Travel Sentiment Tracker
  • Celebrating the bond of Motherhood
  • Destination Window
  • Events Corner
  • Fab 40'S
  • Featured Videos
  • Fly Global
  • Food for Soul
  • From the Editor's Desk
  • GM Special Series
  • Government Initiatives
  • High Spirits
  • Horoscope
  • Hospitable Hotels
  • India for You
  • Industry Insight
  • Itinerary of the Week
  • Jobs for You
  • More From Bott
  • News of the Day
  • Photo Feature
  • Social Cause
  • Trending Station
  • Weddings & More
  • Wellness Corner
  • Your Opinion

Quick Links

  • About Us
  • August-September-2022
  • Bott Magazine April 2023
  • Bott Magazine August 2023
  • Bott Magazine December 2023
  • Bott Magazine July 2023
  • Bott Magazine June 2023
  • Bott Magazine March 2023
  • Bott Magazine May 2023
  • BOTT Magazine May June 2022
  • Bott Magazine November 2023
  • Bott Magazine October 2023
  • Contact Us
  • December 2022-IATO Special
  • February-2023
  • January 2023
  • July-August – Wedding Special
  • November-December-2022
  • October-November-2022
  • Privacy Policy
  • Refund Policy
  • September-2023
  • September-October 2022
  • Terms and Conditions

Find us on Social Media

copyright @2022 More Media Private Limited

No Result
View All Result
  • Home
  • BOTT Magazine
    • December-2023
    • November-2023
    • October-2023
    • September-2023
    • August-2023
    • July-2023
    • June-2023
    • May-2023
    • April-2023
    • March-2023
    • February-2023
    • January-2023
    • December-2022
    • November-December-2022
    • October-November-2022
    • September-October 2022
    • August – September 2022
    • July-August – Wedding Special
    • May-June 2022: SATTE Special
    • May-June-2022
    • March-April 2022
    • January-February-2022
    • October – November 2021
    • July-August 2021
    • April – May 2021
    • February – March 2021
    • December 2020 – January 2021
    • October – November 2020
    • August – September 2020
    • June – July 2020
    • April – May 2020
    • February – March 2020
  • Hospitable Hotels
  • Fly Global
  • Beyond Boundaries
  • India for You
  • Associations in Action

copyright @2022 More Media Private Limited