Hospitality: Challenges faced by the industry
Hindustan Times | HT Correspondent
Mar 09, 2008 12:38 AM IST
In the hospitality industry competition is fierce. New eateries crop up almost every week and sustenance poses a major problem. There is no monopoly in this industry.Quirky facts: Hospitality
* In the hospitality industry competition is fierce. New eateries crop up almost every week and sustenance poses a major problem. There is no monopoly in this industry.
* In Mumbai, land costs as much as Rs 200 crore an acre. This is a big problem for the hotel industry. Land owners would rather sell to offices and malls than to hotels, which take longer to yield profits.
Hindustan Times - your fastest source for breaking news! Read now.
* A lack of funds, and the unwillingness of banks to lend to restaurants.
* Retaining trained staff is a major concern for big and small players in the industry. Hotels have become rampant poaching grounds.
* In the wine industry taxes and barriers to interstate commerce are hindrances to growth.
Unveiling Elections 2024: The Big Picture', a fresh segment in HT's talk show 'The Interview with Kumkum Chadha', where leaders across the political spectrum discuss the upcoming general elections. Watch now!
Get Current Updates on India News, Election 2024, Arvind Kejriwal News Live, Bihar Board 10th Result 2024 Live along with Latest News and Top Headlines from India and around the world.
Get Current Updates on India News, Election 2024, Arvind Kejriwal News Live, Bihar Board 10th Result 2024 Live along with Latest News and Top Headlines from India and around the world.
Share this article