Login
Category: Business
Print

Notwithstanding the economic slowdown, driven by increasing domestic travel, according to an industry survey.

“The majority of respondents from the hospitality industry believed India will not be affected by the economic downturn over the long run. The growth in the sector is largely expected from domestic travel – business or leisure,” industry body CII and consultancy firm PwC said in a joint study.

It said with consumers becoming more demanding and price-conscious, the budget and mid-market segments are the possible growth areas. “Therefore, budget and mid-market segments have emerged as the most preferred investment categories,” the study said.

“There has been a huge upsurge in the Indian domestic travel, due to which these have emerged as strong opportunities, especially in view of the recessionary trends in the West,” CII director-general Chandrajit Banerjee said.

The study said there are a number of challenges faced by the industry in managing talent and tax and regulatory issues. “The high costs of real estate and lack of tax sops are hurdles. These are accentuated by the infrastructure deficit,” it said.

“Rationalization of the number of tax levies and implementation of a single-tax regime will benefit,” it added.

Prev Next
Anantara Kihavah Villas
varuval PAsta
Verdure Pizza
Italian Ingredients & Food
Copa Giant Banana Split
Yogurt & Veggie Sandwich
The St. Regis Macao, Cotai Central in Macau
The Leela Palaces Hotels and Resorts
Taj Palace, New Delhi
The Colonnade
  • 1
  • 2
  • 3
  • 4
  • 5
Prev Next
V Resorts Sattal
The King of Thali
Scrumptious Macao Getaway Package
My Fortune Dining
Estrellita's - Zomato
Vivanta by Taj – Guwahati, Assam.  Seven wonders in one cool spot
 Oaks Neemrana
Shangri-La Hotel, Bengaluru
The Venetian® Macao
Leisure Inn Grand Chanakya, Jaipur
soba noodles at Foodhall
Jakson Hospitality, Maharashtra
Ice Cream Sundae with crushed coffee meringue and strawberry suace
Mercure Hyderabad KCP - Superior Room
Nawabsahabka Sunday Brunch’ - The Golkonda Hotel