Union Budget 2026: Industry Perspectives and Reactions

 

Explore the key insights and reactions from various industries regarding the Union Budget 2026. Stay informed on its impact and future implications.

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Deepak Chhabra

Founder – Holy Hotels

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“The Union Budget 2026–27 signals a transformative moment for India’s tourism and hospitality sector, combining infrastructure growth with a focus on experience-led and sustainable travel. With a record ₹12.2 trillion  capital expenditure, and over ₹1.5 lakh crore allocated to transport and multimodal connectivity, the Budget significantly enhances access to destinations, unlocking opportunities for new tourism circuits and regional hospitality growth.

Initiatives such as wildlife and bird-watching themed travel routes, improved rail connectivity, and institutional support for hospitality talent strengthen the link between infrastructure, skills, and local tourism ecosystems. For Holy Hotels, this integrated approach can boost tourist footfall and local economic participation by an estimated 15 - 20% over the coming years, supporting longer stays, responsible travel, and meaningful engagement with communities beyond metro hubs.

For hospitality providers such as Holy Hotels, these measures, combined with better GST compliance and efficiency through digitalisation, could reduce tax-related operational costs by 2–3 percent, enabling longer stays, responsible travel, and enhanced economic participation for local communities.”

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