‘Offering affordable credit facilities to small and mid-sized travel agents can strengthen financial resilience, support business growth’

Sharing his views and expectations on the upcoming Union Budget, Hussain Patel, Director, TripJack, says, “The travel and tourism sector hopes the Union Budget will address its pressing challenges and pave the way for sustained growth. Rationalizing GST rates for travel agents and enabling input tax credits are essential steps to reduce operational costs and improve market competitiveness. Simplifying compliance processes can further alleviate the administrative burden on businesses. Additionally, promoting domestic and inbound tourism through innovative awareness campaigns and eco-friendly initiatives can foster sustainable development and boost the sector’s long-term prospects. The budget will most likely focus on expanding regional connectivity programs like UDAN and accelerating tourism infrastructure development in Tier 2 and Tier 3 cities to unlock untapped domestic travel markets. Emphasis on digitization and targeted skill development programs can empower travel agents to adapt to emerging industry trends. Offering affordable credit facilities to small and mid-sized travel agents can strengthen financial resilience and support business growth. If these measures are included in the budget they can stimulate robust and sustainable progress in the industry.”