Global brand hotel leaders are sharing their concerns about a 28% tax tacked on luxury hotels in India, which could lead to declines in inbound tourism and hurt their growth, reports India-based newspaper The Economic Times.

Leaders from hotel chains like Hilton and Radisson Hotel Group met for the 14th annual Hotel Investment Conference-South Asia and noted that India is one of the highest-taxed countries in the world, the newspaper reports.

“It is a singular tax, so it makes it easy to do business,” said Alan Watts, president, Asia/Pacific at Hilton. “But, in relation to the quantum of the tax, it makes it one of the highest taxes in the world on travel. In terms of the quantum of the tax, we want to make sure that the owners are achieving the yields so that the industry continues to grow.”