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Hotel sector: The need of the hour

Jun 17, 2009

With the new government in power, the hotel industry is hoping for some respite considering the tough scenario that the sector has been facing. Some issues are on the regulatory front, which if resolved will be beneficial for the hotel industry's long term growth.

Hospitality in dark shadow

Mar 6, 2009

India may not be an economy like Mauritius or Maldives that is heavily dependent on tourism for its growth. However, tourism and hospitality in the country do have a strong potential to contribute to future growth.

Hotel sector: Little room for growth

Jan 7, 2009

The hospitality industry witnessed a mixed year in 2008. In this article, we shall examine the factors that contributed to the growth and some of the challenges that this sector faces.

Hotels: Yet another strong year…

Jan 10, 2008

The hospitality industry witnessed another year of strong performance in 2007 and in this article, we shall examine the factors that contributed to this growth and some of the challenges that this sector faces.

Hotel sector: Where to?

Oct 5, 2007

With the macro prospects still strong, increased business-tourist travel continues to propel hotel room demand. Business traffic in major metros has grown in line with increased economic activity. Foreign tourist arrivals for the months of July 07 and August 07 grew by 15% YoY. 3.12 m foreign tourists arrived from Jan 07 to Aug 07.

Hotel industry: More than just hospitality...

Jun 27, 2007

India occupies the forty-sixth position among the sixty tourist destinations in the world. The flourishing economy helped boost the demand for the industry. Globalization and liberalization gave it a new impetus. India is the fastest growing tourist economy, where tourism grew at a whopping 18% CAGR over the last four years.

Hotels: Beyond the metros...

Jul 11, 2006

Historically, India has been a six city market for the hospitality industry, including the four metros of Mumbai, Delhi, Kolkata and Chennai and tourist hotspots like Jaipur and Agra. However, the rise in economic activity across the country has led to an increase in demand in several other smaller cities including Ludhiana, Chandigarh, Ahmedabad, Pune, Cochin, Bangalore and Hyderabad. The expanse of tourist destinations in India is thus, now growing. On the corporate tourism side, cities like H

Hotels: Hot streak continues!

Jun 23, 2006

In keeping with the FII flows, the Sensex rose from 3,000 points in May 2003 to its peak on May 10, 2006, up 420 per cent! Come May 12, 2006, the bearish sentiment triggered by a combination of factors, ranging from high inflation, rising global interest rates leading to FII outflows, higher crude oil prices and slower economic growth showed no signs of abating, as Indian equities succumbed to cues of weakness across major global markets. For the first time in calendar 2006, the BSE Sensex fell

Hotels: Making hay while the sun shines!

Jun 16, 2006

The Indian hospitality industry touched new heights in FY06 with higher foreign tourist arrival and higher foreign exchange earnings on account of robust growth in economy. The last fiscal was considered to be a golden era for the hospitality industry, which saw higher occupancy rate and average room rates (ARR). The initiatives taken by the government in terms of making available improved infrastructure, aviation and conducive business environment has facilitated hotels across star categories

Hotels: Need to spin a wide web!

May 12, 2006

The Indian hotel industry has been in the limelight during the past three years. It went through a bad phase during the period 1997 to 2002. Varied reasons led to the poor performance of the hotel companies during this period, with the major being the nuclear tests carried out by India in 1998 and the consequent sanctions against the country, the fears of an Indo-Pak war in 1999, terrorist attacks in the US in 2001, and the SARS scare in 2003. All these factors combined to result in a drop in to

Tourism: 'Incredible' growth potential!

Apr 10, 2006

Tourism is one of the biggest industries in the world, employing more than 200 m people and accounting for almost 10% of the world’s GDP. Events of September 11 coupled with global recession had resulted in an overall slowdown in travel and tourism demand in 2001-02. This was also aggravated especially in South Asia by the occurrence of SARS. From the middle of 2003, however, the travel industry witnessed improving trends. Now, the World Travel and Tourism Council (WTTC) estimates a 4.5 % per an

International Travel House Ltd net up 360%.

Jan 27, 2000

International Travel House has reported a net of Rs 2.3 m for the 3QFY2000. The main drivers to profits are sales which went up by 8%, other income up by 29% and expenditure rose only by 2% during this period.

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