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<ul><li>Indian hotel aggregator <keyword id="2870818" type="PERSON" weightage="20" keywordseo="FabHotels">FabHotels</keyword> is raising ₹540 million from <keyword id="6361649" type="UNKNOWN" weightage="20" keywordseo="Goldman-Sachs">Goldman Sachs</keyword>, according to the filings sourced by paper.vc. </li><li>FabHotels was launched by Adarsh Manpuria in 2014, just a year after OYO. </li><li>The hotel chain falls in budget hotel range.</li></ul>FabHotels, the Indian hospitality chain, is reportedly raising funds worth ₹540 million in a round led by Goldman Sachs, according to the filings sourced by paper.vc. <br /><br />The hospitality chain which mainly works on a franchisee model, has its presence in over 40 Indian cities with more than 500 <keyword id="6368036" type="UNKNOWN" weightage="20" keywordseo="hotels">hotels</keyword>. The service which falls under budget hotels, competes with the likes of Indian hospitality unicorn <keyword id="2550719" type="PERSON" weightage="20" keywordseo="OYO-Rooms">OYO Rooms</keyword>, and Treebo Hotels. <br /><br />"There appears to be a renewed interest in this sector and we believe that's a good thing. Oyo is over-capitalized for India and appears to be, for all practical purposes, focussed on China,” said paper.vc founder Vivek Durai.<br /><br />FabHotels was launched by Adarsh Manpuria in 2014, just a year after OYO had come into being. <br /><br />The funding comes at the right time as according to <a href="https://economictimes.indiatimes.com/industry/services/hotels-/-restaurants/fabhotels-plans-to-double-inventory-by-2019/articleshow/67063277.cms">reports</a>, FabHotels was looking to expand its reach and double its inventory to 20,000 rooms, by 2019. <br /><br />The hotel chain last raised a funding of $25 million in Series B round led by Goldman Sachs, and also saw participation from its existing investors Accel Partners. There were also reports that Treebo Hotels and FabHotels were holding early talks regarding a merger. <br /><br /><strong>See Also:</strong><br /><a href="https://www.businessinsider.in/oyo-acquires-amsterdam-based-leisure-group-from-axel-springer-for-415-million/articleshow/69138768.cms">OYO's $415 million acquisition of Amsterdam-based holiday home chain part of plan to become the world's largest hotel company</a><br /><a href="https://www.businessinsider.in/china-coliving-increased-rents-and-indian-startups-like-nestaway-coho-and-lemon-tree-hotels-hamstede-should-be-wary-of-it/articleshow/68668281.cms">China's experience with co-living should be a warning for tenants as well as companies in India</a><br />

FabHotels could take on OYO with a new investment

<ul><li>EIH Hotels which operates the Oberoi, Trident chain as well as one of Delhi’s oldest hotels – Maiden, has seen its stock price battered since late February. </li><li>Chalet Hotels, which runs – Marriot, Hyatt and Novotel in India, saw its profits jump three times in Q4FY20 but even then the market fears saw its share price down by 2% on June 9.</li><li>The hospitality, travel and tourism industry being severely impacted due to the coronavirus pandemic.</li></ul>From Oberoi to <keyword id="2808667" type="PERSON" weightage="20" keywordseo="OYO">OYO</keyword>, the Indian hospitality industry opened doors for business on June 8, but the market is still skeptical of people booking rooms. The latest trigger for panic selling in the shares of hotel stocks came was the delay in declaration of earnings by EIH, which operates the Oberoi, Trident chain as well as one of Delhi’s oldest hotels – Maiden.<br /><br /><div type="image" title="EIH shares." msid="76281467" hostid="261"></div><br />However, EIH is not alone. Chalet Hotels, which runs the premier hotels – Marriot, Hyatt and Novotel in India, saw its profits jump three times to ₹42 crore in the quarter ended March 31. However, even then the market fears saw its share price down by 2% on June 9.<br /><br />With the hospitality, travel and tourism industry being severely impacted due to the coronavirus pandemic, almost all of India’s listed hotels have seen their share price tumble since February. <br /><br />“It is well known that the hospitality and tourism industry is the worst affected by the outbreak of COVID19 (coronavirus). This has been reflected in the stock prices of hospitality stocks, which have declined by 62% to 82% from their 52 week highs,” said a report by Nirmal Bang on the hospitality sector dated June 2.<br /><br /><table style="border-width: initial; border-style: none; width: 468pt; table-layout: fixed;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"><strong>Hotels<br /><br /></strong></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"><strong>Share price change since the beginning of 2020</strong><br /><br /></td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Chalet Hotels<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-53%<br /><br /></td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">EIH Hotels<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-48.6%<br /><br /></td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Indian Hotels Company Limited<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-37.6%<br /><br /></td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Lemon Tree Hotels<br /><br /></td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-60.4%<br /><br /></td></tr></tbody></table><br />India’s hotels were shut for almost three months due to the coronavirus lockdown, and only some opened up as quarantine centres for international returnees in May. <br /><br />Sanjay Sethi, MD &amp; CEO, Chalet Hotels while announcing initiatives like sanitized stay, deferred hotel construction said they will help in the near mid-term revival. “With the new regulations to open up the economy we are gearing‐up our portfolio for a quick scale up and eagerly waiting to welcome our guests,” said Sanjay Sethi, MD &amp; CEO, Chalet Hotels. <br /><br />However, the optimism of the hotel industry still faces a challenge – whether travel will actually resume anytime soon. With work from home and video conferencing being the new norm, business travel could be impacted. <br /><br /> “Leisure demand will likely be the first to bounce back. Domestic corporate travel will depend on the economy,” said a recent report by STR realty. And the economy isn’t looking good.<br /><br /><div type="Article" hostid="261" msid="76274381" title="World Bank projects global economy to shrink by 5.2% in 2020" mstype="2" mssubtype="0"></div><br />For leisure travel, hoteliers are excluding ‘airline travel’ and are looking at weekend getaway spots or ‘<a href="https://www.businessinsider.in/business/news/oyo-mahindra-holidays-emirates-and-boeing-agree-people-wont-fly-for-a-while/articleshow/75731204.cms">driving destinations</a>’ as India opens its state borders. <br /><br /><strong>The hope for budget hotels</strong><br /><br />Corporates, who are cutting down costs, could now turn to budget hotels that they consider safe and hygienic. And that’s what budget hotels like Lemon Tree, OYO, <keyword id="2870818" type="PERSON" weightage="20" keywordseo="FabHotels">FabHotels</keyword> are betting on. <br /><br />OYO Hotels &amp; Homes, FabHotels have all launched a spree of initiatives for sanitized and clean hotels to bring in consumers. <br /><br />“It has been a long wait, but we’re delighted to welcome our guests once again to our select hotels across India. All you need to do is look for a #SanitisedStay tag &amp; we’ll take care of the rest. #AtitiDevoBhava,” wrote OYO founder Ritesh Agarwal on Twitter.<br /><br />OYO’s rival in the budget hotels space – FabHotels too has gone in the similar route advertising “100% Safe Place to Stay” hotels. “From an economic standpoint as hotels and tourism in India have suffered unprecedented financial damage over the last 70 days, losing more than 20% of the annual business already, with a prolonged recovery expected now,” said Vaibhav Aggarwal, Founder &amp; CEO, FabHotels. <br /><br /><strong>SEE ALSO:<br /><a href="https://www.businessinsider.in/business/news/parle-g-clocked-record-sales-in-may-it-may-be-because-broke-and-starving-migrant-labourers-could-barely-afford-anything-else/articleshow/76280162.cms">Parle G clocked record sales in May⁠— it may be because broke and starving migrant labourers could barely afford anything else</a><br /><br /><a href="https://www.businessinsider.in/business/corporates/news/anand-mahindras-sanjivani-solution-for-cos-think-like-a-startup-and-do-a-marie-kondo-style-clean-up-of-portfolio/articleshow/76275190.cms">Anand Mahindra’s Sanjivani solution for cos – think like a startup and do a Marie Kondo style clean up of portfolio</a><br /><br /><a href="https://www.businessinsider.in/business/corporates/news/titan-company-profit-revenue-growth-for-fourth-quarter-ended-march-31/articleshow/76266434.cms">Titan tightens cost enough to clock a 21% growth in profit⁠— the best in five quarters</a><br /></strong><br /><br />

The owner of Oberoi and Trident defers results triggering a sell-off in India's hotel stocks

<br /> <keyword id="2550719" type="UNKNOWN" weightage="100" keywordseo="OYO-Rooms">OYO Rooms</keyword>, a top name in budget hotels aggregator industry, has always made it a point to offer their customers the best options for making their experience comfortable. It has now decided to pilot a food technology venture as well as an on-demand housekeeping service.<br />
 <br /> The company plans to combine the kitchens of the hotels listed under its belt, and the food would be sold under the name of <keyword id="3137676" type="UNKNOWN" weightage="100" keywordseo="OYO-Cafe">OYO Cafe</keyword>.<br />
 <br /> "As in any food business, we noticed that our partner hotels' kitchen have excess inventory," Maninder Gulati, head of strategy and corporate development at <keyword id="2808667" type="UNKNOWN" weightage="100" keywordseo="OYO">OYO</keyword> told ET. "So, the idea is, if we can utilise that and use food tech platforms like Zomato or Swiggy to distribute that food then that's a revenue generation potential for our partner."<br />
 <br /> The company also plans to dabble into on-demand housekeeping services venture, with the name <keyword id="3138076" type="UNKNOWN" weightage="100" keywordseo="oyo-care">OYO Care</keyword>. "That is an on-demand cleaning service. Our area managers can facilitate cleanup for a room as and when a customer needs it," said Gulati.<br />
 <br /> In the past two years, the Gurgaon-based company has gained a lot of popularity, and has become a top name in the industry. In August, OYO raised $100 million in a round led by SoftBank, and since then, it has spread its assets to 30,000 rooms in 130 Indian cities and towns. Its competitors include <keyword id="2825269" type="UNKNOWN" weightage="100" keywordseo="Zo-Rooms">ZO Rooms</keyword>, <keyword id="2913812" type="UNKNOWN" weightage="100" keywordseo="Treebo-Hotels">Treebo Hotels</keyword>, <keyword id="2870818" type="UNKNOWN" weightage="100" keywordseo="FabHotels">Fabhotels</keyword>, <keyword id="2937565" type="UNKNOWN" weightage="100" keywordseo="Wudstay">Wudstay</keyword>, <keyword id="2882211" type="UNKNOWN" weightage="100" keywordseo="Zen-Rooms">Zen Rooms</keyword>, <keyword id="2902711" type="UNKNOWN" weightage="100" keywordseo="ZiP-Rooms">Zip Rooms</keyword>, <keyword id="3007241" type="UNKNOWN" weightage="100" keywordseo="Vista-Rooms">Vista Rooms</keyword> and <keyword id="3138078" type="UNKNOWN" weightage="100" keywordseo="RoomOnCall">RoomOnCall</keyword>.<br />
<br />
<a href="https://www.facebook.com/oyorooms/photos/a.1449401045295515.1073741825.1449392448629708/1681617255407225/?type=3&amp;theater"><em>Image source</em></a><br />

OYO Rooms knows the way to the customer’s heart
is through his stomach!

<ul><li>According to WHO, over six million people lose their lives each year due to tobacco-related ailments and the figure is said to rise to more than eight million per year by the year 2030.</li><li>This year on <keyword id="6569966" type="UNKNOWN" weightage="20" keywordseo="World-No-Tobacco-Day">World No Tobacco Day</keyword>, brands are raising awareness about the many harmful effects of tobacco use and urging the audience to live a healthier lifestyle.</li></ul>May 31st is observed as World No Tobacco Day (WNTD) every year, which is a commemoration of an official public health campaign by the <keyword id="43588" type="COMPANY" weightage="20" keywordseo="World-Health-Organization">World Health Organization</keyword>. Brands across the world unite today to nudge <keyword id="6575406" type="UNKNOWN" weightage="20" keywordseo="smokers">smokers</keyword> to quit by focusing on the long-term health benefits. <br /><br />According to WHO, this yearly celebration informs the public on the dangers of using tobacco, the business practices of tobacco companies, and what people around the world can do to claim their right to health and healthy living and to protect future generations. Every year World No Tobacco is observed with a different theme; this year, the theme of World no Tobacco Day is “Commit to quit.”<br /><br />      <div type="javascript" title="Instagram" contenttype="Video"><cdata><![CDATA[ ]]></cdata></div><br />This year, as we deal with a global pandemic, it is even more crucial to remind our loved ones who are addicted to smoking to adopt a healthier lifestyle and help them take charge of their own life. Smokers have up to a 50% higher risk of developing severe disease and death from COVID-19. It is not only harmful to those who consume it directly but those who live with people who smoke are also at risk of developing pathologies related to cigarettes!<br /><br />So to help out those struggling with tobacco addiction, from showing graphic images of the damage caused by smoking to suggesting replacement techniques - Indian brands have done it all this year. <br /><br />Here are a few that we came across: <br /><br /><strong>SBI General</strong><br />      <div type="Youtube" id="wfRpIZtTsEY" title="SBI General presents #QuitterBanaWinner | World No Tobacco Day #CommitToQuit" thumbUrl="https://i.ytimg.com/vi/wfRpIZtTsEY/mqdefault.jpg"></div><br /><strong>Dunzo</strong><br /><div type="twitter" handle="DunzoIt" handlename="Dunzo" image="http://pbs.twimg.com/profile_images/1345986523636793344/qKdY222k_normal.jpg" favoritecount="0" retweetcount="0" status="WARNING : Stepping out for groceries may be injurious to health. Take it light. Just Dunzo it.#WorldNoTobaccoDay… https://t.co/ASfc6XUCL1" createdat="1622457916000" id="1399316039557541889"></div><br /><b>Tata Motors <br /></b><div type="twitter" handle="TataMotors" handlename="Tata Motors" image="http://pbs.twimg.com/profile_images/899609798299205633/DZLt0_e2_normal.jpg" favoritecount="36" retweetcount="4" status="When you choose not to consume tobacco, you choose a brighter future. Let's set our focus on a healthy lifestyle.… https://t.co/XgOk8Yaafu" createdat="1622451822000" id="1399290478244237313"></div><br /><strong>Policy Bazaar</strong><br /><div type="twitter" handle="policybazaar" handlename="Policybazaar" image="http://pbs.twimg.com/profile_images/1210099833643495424/0wRGNdpE_normal.jpg" favoritecount="3" retweetcount="1" status="Smokers are liable to pay steeper premiums for term insurances. Choose life. Quit smoking today.#WorldNoTobaccoDay… https://t.co/Ino5YSODLy" createdat="1622454143000" id="1399300215320940544"></div><br /><strong>FabHotels</strong><br /><div type="twitter" handle="FabHotels" handlename="FabHotels" image="http://pbs.twimg.com/profile_images/998807533899808768/SBSaSnQi_normal.jpg" favoritecount="1" retweetcount="0" status="Let life win! ☑️#WorldNoTobaccoDay #WorldNoTobaccoDay2021 #quitsmoking https://t.co/2dU2A1aGRV" createdat="1622453815000" id="1399298840067403778"></div><br /><strong>ICICI Prudential Mutual Fund</strong><br /><div type="twitter" handle="ICICIPruMF" handlename="ICICIPruMF" image="http://pbs.twimg.com/profile_images/1299283850095333377/KdY6HIGg_normal.jpg" favoritecount="5" retweetcount="1" status="This #WorldNoTobaccoDay, #CommitToQuit and invest in a healthier lifestyle, a healthier tomorrow. https://t.co/KZNsB3vfSH" createdat="1622454046000" id="1399299805482913798"></div><br /><strong>Paytm</strong><strong><br /><div type="twitter" handle="Paytm" handlename="Paytm 😷 💉" image="http://pbs.twimg.com/profile_images/1361554000550584320/DEowbIr8_normal.jpg" favoritecount="718" retweetcount="43" status="Sometimes, quitters are winners.#WorldNoTobaccoDay https://t.co/E5dUgF3GLm" createdat="1622451419000" id="1399288787868413953"></div><br />Delhi Airport<br /><div type="twitter" handle="DelhiAirport" handlename="Delhi Airport" image="http://pbs.twimg.com/profile_images/1189896094890766336/Wq39m8Md_normal.jpg" favoritecount="15" retweetcount="3" status="Say no to tobacco and yes to life. #WorldNoTobaccoDay #DelhiAirport https://t.co/wlofPoCNvc" createdat="1622448684000" id="1399277316577140737"></div><br />Acer<br /><div type="twitter" handle="Acer_India" handlename="Acer India" image="http://pbs.twimg.com/profile_images/914708513737252864/BLaaw5eL_normal.jpg" favoritecount="7" retweetcount="0" status="According to World Health Organization, Tobacco kills nearly 8 million people a year. On this #WorldNoTobaccoDay ta… https://t.co/UyT9MXOtYP" createdat="1622452382000" id="1399292827096522755"></div></strong><br /><strong>Upstox</strong><br />      <div type="javascript" title="Instagram" contenttype="Image"><cdata><![CDATA[ ]]></cdata></div><br /><strong>Tata Trusts</strong><br /><div type="twitter" handle="tatatrusts" handlename="Tata Trusts" image="http://pbs.twimg.com/profile_images/933955762644164608/-599H6Y3_normal.jpg" favoritecount="15" retweetcount="5" status="India is the second-largest consumer of tobacco, with nearly 267 million adults (15 and above) consuming products l… https://t.co/6aJWd1e0pB" createdat="1622446452000" id="1399267958036189189"></div><br /><strong>Mankind Pharma</strong><br /><div type="twitter" handle="Pharma_Mankind" handlename="Mankind Pharma" image="http://pbs.twimg.com/profile_images/922748683996688389/Ttocwphx_normal.jpg" favoritecount="17" retweetcount="3" status="Jan hit mein jaari - Given the circumstances, lung health is even more important now. Quit tobacco, save your life.… https://t.co/w2Oy0B7ntW" createdat="1622275248000" id="1398549875944431616"></div><br /><div type="twitter" handle="Pharma_Mankind" handlename="Mankind Pharma" image="http://pbs.twimg.com/profile_images/922748683996688389/Ttocwphx_normal.jpg" favoritecount="362" retweetcount="27" status="Yahi Umar hai karle Lungs ko protect, taki aap ko baad me pachtana na pade...🎵🎶#UngliChipkaoKhudkoBachao… https://t.co/tMwbiJa3u2" createdat="1622357793000" id="1398896092394098690"></div><br /><strong>MTV India</strong><br /><div type="twitter" handle="MTVIndia" handlename="MTV India" image="http://pbs.twimg.com/profile_images/1115500483961950208/q3Wlk_Pt_normal.png" favoritecount="10" retweetcount="0" status="Jalana hi hai toh logo ke dil jalao, apne lungs nahi!#WorldNoTobaccoDay #WorldNoTobaccoDay2021 #tobaccofree… https://t.co/XYlhXYuvnK" createdat="1622439181000" id="1399237457791488000"></div><br /><strong>Croma Retail<br />    <div type="javascript" title="Facebook" contenttype="Image"><cdata><![CDATA[]]></cdata></div><br />Bajaj Allianz General <br /><div type="twitter" handle="BajajAllianz" handlename="Bajaj Allianz GIC" image="http://pbs.twimg.com/profile_images/1354782205487194118/NsG5TAbp_normal.jpg" favoritecount="6" retweetcount="1" status="The kick is temporary, but the damage is permanent. Excessive smoking is not just injurious to your taste buds, but… https://t.co/tbl86irpwt" createdat="1622443850000" id="1399257043794468870"></div></strong>

World No Tobacco Day: How brands are motivating smokers to quit

<br /> Budget 2017 by the <keyword id="6355261" type="POSITION" weightage="20" keywordseo="Finance-minister">Finance Minister</keyword> <keyword id="42575" type="PERSON" weightage="20" keywordseo="Arun-Jaitley">Arun Jaitley</keyword> wasn’t much of an excitement for the tourism industry except for announcing establishing of five special tourism zones in the next financial year.<br />
<br />
<a href="http://www.businessinsider.in/budget/common-man-budget">ALSO READ: COMMON MAN'S BUDGET</a><br />
<br />
Prior to the budget, <a href="http://www.businessinsider.in/budget/common-man-budget">Business Insider had discussed</a> what the hurdles in this industry are. What needed to be done like tax-free bonds and income tax exceptions on profits used in re-investment in the tourism sector, development of tourism infrastructure at heritage site, setting up centres for adventure activities and experiential zones weren’t addressed. More support to drive job creation in this industry will help improve the <a href="http://www.businessinsider.in/budget/common-man-budget">poverty alleviation</a> in the country.<br />
<br />
<strong>Travel industry without sunshine</strong><br />
"The Budget 2017 has once again disappointed the <a href="http://www.businessinsider.in/budget/common-man-budget">travel industry</a>. Despite being a key sector of the economy that brings multiplier benefits, the travel and tourism sector stands largely ignored. Our concerns about high tax rates are valid concerns and we are dejected that the government paid no heed to them. Across the world, governments provide huge incentives and tax breaks to the travel industry to encourage <a href="http://www.businessinsider.in/budget/common-man-budget">inflow of tourists</a>. However, in India we continue to be a highly taxed sector which makes us less competitive as compared to other destinations,” said <keyword id="4127681" type="UNKNOWN" weightage="20" keywordseo="kapil-goswamy">Kapil Goswamy</keyword>, CEO and Managing Director, <keyword id="4127680" type="UNKNOWN" weightage="20" keywordseo="bigbreaks">BigBreaks</keyword>.com <br />
<br />
<strong>Silver lining</strong><br />
However he added that the announcement to improve road infrastructure also has latent benefits for the tourism sector as it encourages travelling.<br />
<br />
Apart from that, there are some silver linings in the industry, though.<br />
<br />
“The 5% tax cuts proposed for MSMEs is one welcome step in this direction. <a href="http://www.businessinsider.in/budget/common-man-budget">Speeding up of infrastructure development </a>for airlines, rail &amp; highways will also help to boost more inter-state business activity,”said Adarsh Manpuria, Co-Founder , FabHotels.<br />
<br />
<strong>Cash less travel</strong><br /> <keyword id="265813" type="PERSON" weightage="20" keywordseo="Vikram-Ahuja">Vikram Ahuja</keyword> of Byond Travel, a boutique travel start up feels, “Focus on digital payments and encouraging online payments (Via BHIM and other initiatives) is a huge plus for a tech-first company like ours. Also the cap on cash deposits hopefully creates more transparency in the way travel services and packages are offered since the scope for inbuilt “cash-led” services will hopefully reduce.”<br />
<br />
<strong> Better railways and broadband</strong><br />
“The <a href="http://www.businessinsider.in/budget/common-man-budget">announcement for increase in railway connectivity </a>to the remote areas and upgradation of airports in Tier 2 cities, a huge number of people will be able to travel smoothly from Tier 2 and Tier 3 cities. The high speed internet connectivity in rural areas will be the biggest advantage to them. This will help them to do more purchasing and online bookings. We are expecting more travel coming ahead. Along with this, reducing the income tax to 5% for the people having an earning bracket of 2.5 lac -5 lacs, it will be a crucial factor in their saving. This will increase their budget to travel and will also motivate youngster and young entrepreneurs to pay taxes, " said Gursahib Singh Sethi, Co-Founder, Travkart.com. <a href="http://www.businessinsider.in/budget/common-man-budget">ALSO READ: CAN YOU OWN A CAR AFTER THIS BUDGET?</a>

You Searched For "FabHotels" and got 5 results

FabHotels could take on OYO with a new investment

Sanchita Dash

The owner of Oberoi and Trident defers results triggering a sell-off in India's hotel stocks

Sanchita Dash

OYO Rooms knows the way to the customer’s heart is through his stomach!

BI India Bureau

World No Tobacco Day: How brands are motivating smokers to quit

BI India Partner

Budget 2017 didn’t promote much of tourism in India. Here’s why

Suchayan Mandal

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