Generally, revenue from F&B operations (including banqueting) goes up to as much as 50% for some luxury hotel chains. For upscale hotel brands, it could be about 25-30% of the business.
In his budget speech, finance minister Arun Jaitley said the government is proposing to develop 10 prominent tourist sites into iconic tourism destinations.
The Hotel will be led by General Manager Fredrik Blomqvist, a Four Seasons veteran of more than ten years, who most recently served as the General Manager of Four Seasons Hotel Shanghai.
The survey conducted by Sri Lanka Tourism, highlighted that 63.7% of Indians opt sightseeing excursions, while 49.82% go for shopping and 21% prefer wildlife in Sri Lanka.
In India, Louvre Hotels operates and manages 27 properties across three brands—luxury brand Royal Tulip, four-star brand Golden Tulip, and budget segment brand Tulip Inn.
In the first phase, centres have opened in the four key metros—Delhi, Mumbai, Chennai and Kolkata. In the second phase, the centres will be opened in Ahmedabad, Pune, Goa, Indore, Bengaluru, Chandigarh and Jaipur.
In line with the recent holiday trend of short-haul vacations, Goa, Kerala, Rajasthan and Andaman are gaining popularity due to favourable weather conditions.
Tourism is largely underpenetrated and hotels is the main component in travel. GST has raised the tax burden by 3 times, the industry says.
The past year saw the start of an uptrend in the hospitality sector, but was also marked by multiple challenges like curbs on liquor sale and the GST rollout.
SOTC said it is the first holiday company to launch a post booking customer app.
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