Aided by Telengana's political stability and the state government’s zeal to focus on infrastructure developments in and around the city, the state's hotel industry has witnessed a steady occupancy growth. Hotels in the industrial hubs of Hyderabad, Gachibowli and Madhapur, are seeing a robust growth in room demand, driven by the booming IT/ITeS and corporate sectors.
The development policies initiated by the Telangana government are the key factors driving the environment for multinational companies to establish their presence in Hyderabad which is acting as a backbone of the city’s hospitality industry. Apart from MICE, its growing prominence as a medical tourism destination is also playing a significant role in attracting foreign tourists to the city.
The Telengana government has plans to develop budget hotels in all district headquarters. The Telengana State Tourism Development Corporation (TSTDC) has written to the District Collectors seeking land for the proposed budget hotels to provide affordable accommodation to tourists, according to its managing director, B Manohar. TSTDC currently offers accommodation with its Haritha chain of hotels and resorts in four districts.
Ashok Hemrajani, president, Hotel & Restaurants Association of Telengana State (HRATS) informs, “HRATS is the officially recognised body which represents 3-star to 5 star hotels with few fine dine restaurants as well. We are affiliated to SIHRA and FHRAI. As you know from 2010 to 2014, unified Andhra Pradesh went through difficult times when the bifurcation took place and all problems associated with it. So the industry saw really tough times. Low occupancies so lower ADRs, no investments, no visitors, no corporate movements. Once the political unrest was over, the last few years have seen some stability in the market. Market has been looking up. The state government is stable and well supported by the central government."
This story is from the September 2019 edition of Express Food & Hospitality.
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This story is from the September 2019 edition of Express Food & Hospitality.
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