As an important service sector of the economy which contributes 8 to 9% to the country’s GDP, the tourism and hospitality sector is needed to be protected from the vagaries of the market aberrations, feels Chakraborty. In order to protect the assets and enhance their value, a dedicated Asset Management platform is the need of the hour. Chakraborty recommends a Hospitality REIT or an InvIT platform for Hospitality assets so that the investments in the sector absorbs market shocks like the Covid-19 pandemic.
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