Radisson's Nikhil Sharma Urges Infrastructure Status for Hospitality in Budget 2026

• Nikhil Sharma of Radisson Hotel Group advocates for hospitality to be recognized as economic infrastructure in the Union Budget 2026.
• Tourism contributes 7-8% to India's GDP and employs over 40 million people, warranting stronger policy focus.
• Infrastructure status would provide access to long-term, lower-cost capital, especially for projects in Tier II and III cities.
• Sharma suggests GST rationalization to boost competitiveness, improve pricing, and attract international tourists.
• He also calls for targeted global promotion of high-value segments like MICE and wellness tourism, and incentives for sustainable practices.

Why It Matters: Radisson's Nikhil Sharma emphasizes treating hospitality as economic infrastructure for sustainable growth and investment.