However, future growth plan requires careful planning and execution due to cost, risk, and potential challenges. We currently have 24 hotels in the pipeline which are Regenta Resorts, Regenta Central and Regenta Place, aiming to open before September. Additionally, we have an ongoing international project in Sri Lanka. Predicting the exact time horizon when demand will surpass supply in the Indian hospitality industry is challenging, as it depends on various factors such as economic growth, tourism trends, government policies, and infrastructure development. However, I can provide some insights based on the general trajectory of the industry.
Economic growth and rising middle class: Expanding middle class with higher incomes leads to increased domestic travel and demand for hospitality services.
Tourism growth: Steady growth in domestic and international tourism due to government initiatives and infrastructure development.
Business and MICE tourism: India becoming a popular destination for business meetings, conferences, and exhibitions, driving demand for hotels and conference facilities.
Infrastructure development: Government investments in airports, highways, and tourism projects improve accessibility and attract more travellers.
Rising aspirations and travel culture: Growing inclination to explore new destinations and experience different cultures, supported by social media and online travel platforms.
Continued growth: Expectation of longterm growth in demand for hospitality services, dependent on economic growth, tourism trends, and industry's ability to meet evolving demands.
This story is from the February 2024 edition of Food & Health.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the February 2024 edition of Food & Health.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
Best Types Of Exercise When You Have Hip Or Knee Pain
Hip or knee pain makes everything harder, especially exercising. How are you supposed to work out when it hurts to bend your joints or put pressure on them?
Don't Let PCOD / PCOS Bother You
Polycystic ovarian syndrome or disease is a hormonal condition that affects most modern women in their reproductive age group.
Let Your Skin & Hair Enhance Your Beauty
To some extent, your genes determine how well your skin stands the test of time. But environmental factors, such as sun exposure, play a big role as well, affecting not just your skin’s appearance, but also your risk of skin cancer.
CORDELIA CRUISES COMMENDS THE SIGNIFICANT STRIDES IN TAMIL NADU
Cordelia Cruises, India's premium cruise line, commends the significant strides made in Tamil Nadu's infrastructure and maritime sector, as highlighted by Prime Minister Narendra Modi during the inauguration ceremony of various developmental projects today.
SKECHERS LAUNCHES EXCLUSIVE JERSEYS FOR MUMBAI INDIANS MEN'S CRICKET TEAM
Footwear brand Skechers has unveiled its exclusive new jerseys for the Mumbai Indians men’s cricket team after previously launching its jerseys for the women’s team.
DE BEERS SEES INDIA LEAD GRADUAL GROWTH IN ROUGH DIAMOND DEMAND
Diamond business has reported that demand for diamond jewellery is increasing in India.
WIPRO'S YARDLEY LONDON EXPANDS SHOWER-BASED PERSONAL CARE OFFERING
Wipro’s fragrance and personal wash brand Yardley London has expanded its shower-based personal care offering and launched a new product line featuring natural floral oils.
HYPHEN EXPANDS PRODUCT PORTFOLIO
Hyphen, a skincare brand by Pep Technologies and actor Kriti Sanon has expanded its sunscreen range with the launch of its new ultra-light water sunscreen.
MRgFUS @ ROYALCARE HOSPITALS GROUP - AN INVINCIBLE MARKET LEADER IN ASIA FOR TREATMENT OF PARKINSON'S DISEASE & ESSENTIAL TREMOR
Dr. K. Madeswaran has been known as a Visionary and an Unstoppable Dreamer.
INDIA'S #1 OATS BRAND SAFFOLA LAUNCHES FOUR NEW DELICIOUS GOURMET FLAVOURS
Marico, one of India’s leading FMCG companies, introduces four exciting gourmet-style flavours in its flavoured Oats range, under its flagship brand – Saffola.