Tag Archives: Subhash Goyal

Subhash Goyal, Hon. Secretary, FAITH, laments over the Government’s ignorance towards tourism trade’s demand for industry status. “While the government has taken many initiatives to boost business and infrastructure, we’ve got a mixed reaction from the trade on the Budget. Increasing the threshold limit for Corporate Tax from Rs. 50 crore to Rs. 250 crore is a welcome move as it will benefit SMEs. Building international airports around the country, offering Wi-Fi in trains and railway stations is a welcome move as well. Also, encouraging investment in sea plane activities would benefit tour operators in boosting coastal tourism,” he says. However, Goyal adds, “The government failed to meet two of or demands. One was to differentiate tour operators on the basis of FEEs under GST and another was GST to be reduced for five-star hotels from 28 per cent to 18 per cent. We are not happy about the government not giving tourism industry status.”

The Federation of Associations in Indian Tourism and Hospitality (FAITH) has elected its new team with Nakul Anand, Executive Director, ITC, as the Chairman, who was nominated by Hotel Association of India (HAI). The Vice Chairman is Akshay Kumar, CEO, Mercury Himalayan Explorations, who was nominated by Adventure Tour Operators Association of India (ATOAI). The association also created an additional position of Vice Chairman, for which they have elected Sunil Kumar R, CEO, Travel World, who was nominated by Travel Agents Association of India (TAAI).  Subhash Goyal, Chairman, STIC Travel Group, who was nominated by Indian Association of Tour Operators (IATO), is the new Honorary Secretary, while Garish Oberoi, Partner, Hotel Uberoi Anand, has been declared as the Treasurer. Aashish Gupta continues as the Consulting CEO of FAITH. All the above positions have been unanimously elected by the FAITH Board.

More than 1000 SME tour operators and travel agents gathered at Jantar Mantar in New Delhi to protest against the unethical practices by online travel agents. The Small and Medium Tourism Action Group comprised of SME travel agents argued that OTAs are killing the small and medium tour operators by selling below the cost because of foreign funding. Subhash Goyal, Immediate Past President, IATO said, “I congratulate the small and medium tour operators for starting the national movement against the unethical practices by foreign funded OTAs who are buying a hotel room for Rs 2000 and selling it for less than Rs 1000. With this type of practice none of the small operators can compete and slowly they are going bankrupt. This is a very serious situation and the government and all travel associations must look into it.” The agents said they are against the e-coupons and cash discounts offered by the OTAs to reduce actual costs and argued that funding received by OTAs are a result of black money flowing into the industry. An association of small and medium tour operators is on the cards to unite voices against the cause. The agents have requested the government to regulate all OTAs which use the dominant position of having access to funds to kill small and medium tour operators. Memorandum to this effect was sent to the Prime Minister and Tourism Ministry and various travel and tourism associations will take up a legal battle with Competition Commission of India under unfair and unethical trade practices.