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.

TFCI News: Portal for online registration in Home Stay scheme of Tourism Department startedBhopal – The online portal for registration in Madhya Pradesh Tourism Department’s Home Stay Scheme was launched by the state Tourism Minister Usha Thakur. Principal Secretary Tourism Shivasekhar Shukla and Additional Managing Director of Madhya Pradesh Tourism Board Sonia Meena were also present on the occasion.

TFCI News: Adventure tourism will attract tourists in Champawat. Get the best offers for financial services to the tourism business.The Adventure Tourism Department surveyed five places for paragliding in the district. Four sites were found unsuitable for paragliding in the field trials around Jhumadhuri, Diyuri, Chandalkot, Chalthi and Banasur Fort. Only the area around the fort of Banasur met the standards of paragliding. District Adventure Tourism Officer Lata Bisht said that the proposal has been sent to the Directorate after being found suitable in the test. There are 18 electric poles a