May 31, 15.40 PM IST || Pocket News Alert
Mumbai, May 31, 2016: Currently growing at an extremely fast pace, the hospitality industry is considered as one of the most profitable industries, making a significant contribution to the foreign exchange earnings of the economy. The size of the Indian hospitality sector is considered as a sum of market share of two segments, namely the revenue from the travel businesses and that from the hotel businesses. While the sector saw 11.7% Compound Annual Growth Rate (CAGR) over the period 2011-12 to 2014-15, the sector witnessed a demand-supply mismatch thereafter, leading to a major slump in growth. The future, however, looks bright.
The Hotel industry which largely thrives on the growth of tourism and travel is expected to experience robust growth in 2016. With the governments’ impetus on reforms to improve tourism including initiatives like e-visa, Incredible India and AtithiDevoBhava coupled with rising disposable incomes; the tourism industry is all set for an upsurge in growth. In fact, according to the World Travel and Tourism Council (WTTC), India has potential to become the world’s number one tourist destination with demand growing at 10.1% per annum.
In the long term, this scenario of an increased number of tourists which is not supported with an equal number of rooms, is an opportunity that needs to be capitalized upon. It is, therefore, imperative that the hoteliers and solution providers understand and utilize this opportunity and adapt themselves to the needs of the hour.
In this juncture, IDE's Hotelier Summit - India, the ideal one stop B2B platform for the hospitality professionals of the country is a much needed catalyst. With its 360 degree approach towards the hospitality industry and its development, the summit is a critical facilitator making it one of the most sought after business meets by the hospitality fraternity in India. “Key decision makers from all spheres of the hospitality industry are part of this summit resulting in fruitful interactions, negotiations and closures”, says Basil C Massey, Director Procurement at Duet India Hotels
“It provides a unique result oriented platform that facilitates crucial face to face meetings, strategic networking activities and effective information exchange amongst key stakeholders of the industry including hotel owners, operators, developers, architects, interior designers and service providers” says Ganesh Babu, Director of IDE Consulting Services.
This year’s edition of the Hotelier summit would again have eminent speakers and leaders from the industry set to share the story behind the most successful hotel projects.“It is indeed the perfect platform that channelizes vital information exchange which goes a long way in enhancing business and productivity” says ArKhozemaChitalwala, Principal Architect at Designers Group
The summit will see participation from close to 85 Suppliers and over 120 Buying Companies. "This years' summit promises to be an insightful one with multidisciplinary panel discussions handled by experts in the respective domains. The discussions are expected to be holistic and would comprehensively cover all aspects starting from hotel concept to design planning, development and final execution" says MadhuChandhok, Founder and Director PIP2020.
The highlight of the summit is the 2nd EditionHospitality Leaders' Industry Choice Awards. Decided by the hospitality fraternity professionals themselves, awards will be present in a total of 13 categories for buyers and 4 categories for suppliers. The much awaited event that would recognize and celebrate the stalwart performers of the industry promises to be an exciting one.
Voting is currently on and is progressing in full swing. As of today, we have received a whopping 40,000 votes! A black tie affair, these awards are expected to honor the best of the best in the field of hospitality. The much awaited event that would recognize and celebrate the stalwart performers of the industry promises to be an exciting one indeed.
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As one of the emerging leaders in the B2B realm, IDE is committed to creating value for each and every client by delivering remarkable experiences that build businesses. Arm your Sales team with IDE, and they will never run into a cold deal again! Backed by years of experience in the industry, IDE has formulated the ultimate sales platform which is focused on bringing best-in-class buyers and sellers together in an exclusive and captivating environment to do business. All buyers and Sellers are extensively pre-qualified and confirmed based on our diligent criteria as the ultimate decision maker for their division.
An interactive conference agenda, pre-scheduled Face to Face meetings and five-star networking activities make up the critical mix of our unique events to ascertain an ideal podium to do business.
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