Hotel Association of India issues statement on the increase in ATF Prices
Attributed to KB Kachru, President, Hotel Association of India (HAI) and Chairman – South Asia, Radisson Hotel Group
The Hotel Association of India (HAI) extends its heartfelt gratitude to the Hon’ble Prime Minister, the Ministry of Petroleum & Natural Gas, and the Ministry of Civil Aviation for their thoughtful and timely intervention in limiting the impact of the Aviation Turbine Fuel (ATF) price increase on domestic airlines to just 25%.
As highlighted in the recent government briefing, this calibrated measure comes at a critical time when global uncertainties, particularly in West Asia, have led to quite significant volatility in energy prices. With capping the rise in ATF costs, the Government has ensured that air travel remains affordable and accessible. This prevents a potential surge in travel costs which could have adversely impacted passenger demand and sectoral recovery.
This proactive step will go a long way in uplifting confidence across the tourism, travel and hospitality ecosystem. The move not only supports the aviation sector but will also have a cascading positive impact on tourism and the broader economy. HAI also acknowledges the Government’s continued efforts to ensure fuel availability and stability, including maintaining domestic LPG prices and prioritising supply for key sectors such as hospitality. These measures provide much-needed operational relief to the hotel and tourism industry during these challenging times.
We are also grateful to the Hon’ble Minister (Tourism) for their continued engagement with the Ministry of Petroleum & Natural Gas and the Ministry of Civil Aviation on issues concerning the tourism and hospitality industry. Additionally, we also extend our gratitude to the Government of India for looking into crucial matters like LPG supply for the hotel sector.
The industry looks forward to the Government’s continued support and collaborative approach in navigating these uncertain times and strengthening India’s travel and hospitality landscape.
