Budget 2026 for Travel Trade: Flat 2% TCS to Boost Outbound; New National Institute of Hospitality Announced
The Union Budget 2026-27 marks a pivotal moment for India's travel and hospitality sector, particularly in hiking and trekking tourism. With a reduction in the Tax Collected at Source (TCS) on overseas tour packages to 2%, travelers can expect increased liquidity and a surge in outbound bookings. The government's commitment to enhancing infrastructure, including the development of trekking trails in the Northeast and heritage corridors in Gujarat, aims to elevate India's status as a global tourism hub. Additionally, initiatives like the establishment of a National Institute of Hospitality and a focus on skill development reflect a deep understanding of the sector's potential, promising to enrich the overall traveler experience. This budget not only supports local economies but also positions India as a premier destination for adventure and ecotourism.
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