Budget 2026 Expectations: Hospitality Leaders Share Views Ahead of February 1

Budget 2026 Expectations: Hospitality Leaders Share Views Ahead of February 1

By Manu Vardhan Kannan

Published on February 1, 2026

With the Union Budget 2026 scheduled for 1st February, voices from the hospitality, travel, and premium lifestyle sectors are sharing their expectations from the upcoming budget. Industry leaders believe the budget presents an important opportunity to strengthen India’s post-pandemic tourism recovery while addressing long-standing structural challenges.

Dr Vikas Katoch, Founder and CEO of Adotrip, noted that India’s travel and tourism industry continues to show strong momentum, driven by rising disposable incomes, better connectivity, and growing interest in domestic, international, and luxury travel. He highlighted that one of the key expectations from Budget 2026 is the rationalisation of the GST framework for the travel and hospitality sector.

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According to him, the existing GST structure remains fragmented and cost-intensive in certain areas, impacting both consumer pricing and business margins. A more unified and streamlined tax framework could improve affordability for travellers, encourage higher spending, and create healthier competition, while also enabling companies to reinvest in service quality, technology, and product development.

He further emphasised the need to simplify regulatory compliance, particularly for startups, boutique hotels, and regional properties that currently face complex approval and reporting processes. Dr Katoch shared that the Budget for 2026 must focus on streamlining regulatory systems, including one-window approvals, to allow businesses to concentrate on innovation, expansion, and geographic development.

Access to credit remains another key concern for the travel and tourism industry. Despite its strong potential to generate employment, boost regional development, and contribute to GDP, the sector, largely dominated by MSMEs, continues to face challenges in securing affordable financial support. Dr Katoch suggested that the Union Budget should look at improving credit accessibility through measures such as inclusion under priority sector lending. Improved access to finance could support expansion into new tourism circuits and niche segments such as eco-tourism, wellness tourism, adventure tourism, and heritage tourism.

Speaking on luxury travel, Dr Katoch pointed out that demand for heritage stays, personalised experiences, and ultra-luxury travel is growing rapidly in India. He stressed that continued investment in infrastructure, road connectivity, cleanliness, and air connectivity would help India attract high-spending international visitors as well as discerning domestic travellers. He added that strengthening this segment would not only enhance India’s global positioning but also generate significant employment across the travel ecosystem. He concluded by stating that continued government support for sustainable tourism, heritage circuits, and domestic travel promotion in Budget 2026 could unlock higher economic value, inclusive growth, and employment through tourism.

Sharing views from the premium beverage segment, Aman Swetta, Cofounder of Cristal Azul, highlighted that the imported alcobev sector is seeking clarity and consistency rather than concessions from the upcoming budget. He said, “As the Union Budget approaches, the imported alcobev sector is looking less for concessions and more for clarity, consistency, and transparency.”

He explained that imported spirits currently operate under a fragmented framework, with central tariffs and state-level excise structures varying widely. According to him, greater standardisation of duties and clearer classification norms would improve price predictability, compliance, and ease of doing business for both international brands and Indian partners. He also welcomed recent progress in trade discussions with the European Union, including proposed tariff rationalisation on certain alcoholic beverages, and suggested that similar balanced engagement with other producing regions such as Mexico could further align India with global best practices.

Aman Swetta added that tequila is seeing growing interest in India’s urban markets, driven by premiumisation and lifestyle shifts. He noted that consumers are increasingly seeking transparency in provenance, ingredients, and production, favouring well-regulated and quality-led categories. From a Budget 2026 perspective, he emphasised that policy coherence across tariffs, state duties, and taxation mechanisms, along with predictable regulatory processes, would support responsible sector growth while ensuring sustained government revenue and wider consumer choice.


Okhai by Tata Chemicals Launches Contemporary Ajrakh Collection

Okhai by Tata Chemicals Launches Contemporary Ajrakh Collection

By Hariharan U

Published on May 20, 2026

Tata Chemicals’ CSR initiative Okhai has launched its latest Ajrakh collection, a contemporary reinterpretation of one of India’s oldest and most celebrated textile traditions rooted in the craft heritage of Kutch.

The collection has been developed in collaboration with artisan designer Mubin Khatri and his team from Dhamadka, bringing together traditional craftsmanship and modern design across 19 handcrafted garments. The line has been developed over eight months, focusing on blending heritage techniques with contemporary silhouettes and print innovations.

Crafted in breathable cotton and cotton twill, the collection uses natural dyes and traditional methods such as pothai, where fabrics are hand-painted using natural colours. It also experiments with reimagined block-print techniques, separating outlines and filler blocks to create more dynamic and versatile patterns.

A notable innovation in the collection is the use of Ajrakh on twill cotton denim, offering a modern interpretation of the craft while retaining its cultural identity.

Speaking about the launch, Manorath Dhillon said Ajrakh is deeply rooted in history and community, and the collection aims to evolve the craft for contemporary wardrobes while preserving its authenticity.

Sustainability remains central to the initiative, with natural fabrics, eco-friendly dyes, and reuse of existing blocks to reduce waste. Through this collection, Okhai continues its focus on preserving Indian artisan traditions while making them relevant for modern consumers.


Häfele Enhances Kitchen Safety with Cronus Digi-Step Hobs Featuring Flame Protection

Häfele Enhances Kitchen Safety with Cronus Digi-Step Hobs Featuring Flame Protection

By Hariharan U

Published on May 20, 2026

Häfele has introduced its Cronus Digi-Step Hobs, reinforcing everyday kitchen safety through integrated flame protection technology designed for modern cooking environments.

At the core of the product’s safety system is the Flame Failure Safety Device (FFSD), a built-in valve mechanism that automatically activates when the flame goes out unexpectedly, such as due to wind or accidental extinguishing. The system immediately cuts off the gas supply, preventing leakage and ensuring a safer cooking experience without requiring any manual intervention.

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The FFSD feature is installed across all burners, offering consistent protection regardless of which cooking zone is in use. This ensures that safety is maintained uniformly during everyday cooking activities, adding reliability to both routine and intensive kitchen use.

By combining practical engineering with user-focused design, Häfele continues to strengthen its position in delivering modern kitchen solutions that balance functionality, efficiency, and safety. The Cronus Digi-Step Hobs reflect the growing emphasis on integrating intelligent safety mechanisms into everyday home appliances, particularly in urban kitchens where convenience and protection go hand in hand


L’Oréal Launches 2026 Big Bang Beauty Tech Program for AI Startups Across SAPMENA

L’Oréal Launches 2026 Big Bang Beauty Tech Program for AI Startups Across SAPMENA

By Hariharan U

Published on May 20, 2026

L'Oréal has announced the launch of its 2026 Big Bang Beauty Tech Innovation Program, inviting startups across South Asia Pacific, Middle East and North Africa (SAPMENA) to co-create the future of AI-powered commerce, creator ecosystems, and sustainable beauty solutions.

The global beauty major is positioning the program as a launchpad for scalable innovation, offering selected startups a fully funded commercial pilot with one of its 40 international brands. Winners will also gain access to potential expansion across 35 SAPMENA markets and receive year-long mentorship from senior leadership and ecosystem partners.

Now in its third year, the initiative has already seen seven startups progress to commercial pilots from countries including India, Australia, Singapore, and the UAE.

The 2026 edition focuses on three major industry shifts: AI-powered commerce, creator and affiliate-led ecosystems, and circular economy solutions. Startups can apply under five innovation themes including Connected Brand Experience, Creators & Affiliates, AI-Powered Commerce, Science for Beauty, and Innovation for Good.

Speaking on the initiative, Vismay Sharma, President of L’Oréal SAPMENA Zone, said the region is emerging as a global hub for tech innovation, describing it as a “Silicon Valley for Beauty Tech” driven by digitally native consumers and rapid digital commerce growth.

Jacques Lebel, Managing Director of L'Oréal India, highlighted India’s fast-evolving beauty market and the role of startups in shaping next-generation beauty technology solutions.

Saloni Shah Javeri, Chief Digital and Marketing Officer of L'Oréal India, noted that AI-driven personalization, creator ecosystems, and sustainability-led innovation are redefining how consumers discover and experience beauty.

The program also showcased 2025 winners including Indian startups such as Without and Sravathi AI, alongside global participants like Heatseeker, Halo AI, and Wubble AI, each demonstrating real-world applications ranging from sustainable materials science to AI-driven influencer discovery and real-time customer intelligence.

The SAPMENA region, which accounts for a large digitally active consumer base, is increasingly seen as a testing ground for beauty tech innovation, with strong startup ecosystem growth across India, Singapore, and the Middle East.

Key dates for the 2026 edition include submissions open until 3 July 2026, regional finals between August and September, and a grand finale scheduled in Singapore in November 2026.

The program continues L’Oréal’s broader push to integrate AI, data-driven commerce, and sustainability into the global beauty industry through startup-led innovation partnerships.

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