New Delhi, Oct. 17 -- Union Minister Piyush Goyal on Friday said that there is no better time than now to invest in India's hospitality sector, as the industry continues to perform strongly amid the country's growing economic momentum.

Addressing the Annual Conference and 105th Annual General Meeting of ASSOCHAM, Goyal said that India's travel and tourism sector is witnessing rapid growth but also faces several challenges that need to be addressed through joint efforts by the government and the private sector.

"The world is facing a shortage of aircraft. Post-COVID, I thought with work from home and all of that, people would travel less. Just seems to be the contrary," he said, adding that limited flight capacity and inadequate seats ar...