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By Nishang Narayan
Published on January 24, 2025
As Budget 2025 approaches, the hospitality industry is voicing its expectations for strategic reforms to drive growth and innovation. Vishal Puri, Co-Founder of Spalba, highlighted the industry's need for simplified GST compliance to ease operational challenges and promote business expansion.
“The hospitality sector is a vital contributor to India’s economic growth, and while it holds immense potential, operational hurdles must be addressed,” Puri stated. He urged the government to prioritize GST streamlining, which would reduce administrative burdens and foster a more business-friendly environment.
Beyond taxation, sustainability remains a key focus for the industry. Puri emphasized the importance of introducing mandatory sustainability practices such as energy-efficient construction and waste management. He suggested that tax incentives for renewable energy adoption in hotels and resorts could significantly lower operational costs while promoting eco-friendly practices.
In addition to physical infrastructure, digital advancements are critical for the sector’s growth. Puri advocated for the integration of digital twin technology, which creates virtual replicas of physical spaces, enabling hotels to optimize operations and elevate customer experiences. He proposed that the government incentivize the adoption of digital infrastructure technologies, especially in large-scale projects and government-backed events, to accelerate industry-wide transformation.
“A balanced approach merging sustainability, digital transformation, and regional growth will not only help the hospitality sector thrive but also contribute to a smarter, greener India,” he added. Encouraging digital innovation, such as e-infrastructure solutions with robust intellectual property protections, will pave the way for long-term sectoral growth and efficiency.
About Spalba
Spalba is a SaaS-based event-tech platform revolutionizing venue scouting and event planning. The platform empowers hotels like The Leela, Trident, and The Oberoi by offering advanced tools such as 3D walkthroughs and digital twins. These technologies enable hotels to provide virtual venue tours, reducing the need for physical visits and cutting down carbon footprints. By enhancing online presence and streamlining event planning, Spalba helps hotels attract international clients, boost bookings, and drive revenue growth.
With the right policies and government support, industry stakeholders believe that Budget 2025 can pave the way for a future where hospitality seamlessly integrates sustainability with digital transformation.
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