Corporate Results of over 2500 companies Thursday, December 2, 1999
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Think Tank
This week we focus on a complete analysis of the
hotel industry
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Editorial 

 
Time to act
Time and again the government has neglected tourism. It has failed to realise how important a role this sector can play in terms of generating employment and foreign exchange. Room rates in India when compared to those in developed countries are on the higher side, primarily due to land ceiling acts and bureaucratic procedures that one has to go through for obtaining a license before starting a hotel.

The government should clear these procedural delays. It could do release more land when occupancies reach a certain level. Rationalisation of tax rates would do wonders.

The government should also concentrate on improving infrastructure. All this will go a long way in terms of developing the hotel sector and the Indian economy as a whole.

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