Prime Minister Narendra Modi's stand on the vitality of the tourism sector was declared rather loud and clear at the recently held townhall tete-a-tete with the Facebook head honcho
Prime Minister Narendra Modi’s stand on the vitality of the tourism sector was declared rather loud and clear at the recently held townhall tete-a-tete with the Facebook head honcho. Modi also made another interesting point where he spoke about adding the fourth D which is ‘Deregulation’ that leads to efficient governance. The government should not be in the business of running businesses and this is said more specifically with respect to the hospitality sector. Private players who are experts in the field should come ahead and do what they are best at – running enterprises which work as profitable ventures. The service industry has its peculiarities and require a certain skill set to achieve results. Apart from processes there are certain intangible elements that have to be incorporated as it is one sector that is highly people oriented.
Our recently concluded 26th edition of Food Hospitality World trade show in Goa clearly demonstrated that the potential of business for the hospitality industry over and above the leading metros is encouraging. From seasoned investors in hospitality, market analysts to first generation hoteliers, there is a cautious vision of growth, which again is welcoming as with caution comes realistic investments. Local investors are also looking at products that can be sourced close to home, hence opening up the market for distributors in smaller towns and cities instead of sourcing material and products from leading metros. Organic products are also gaining popularity and those vendors in the organic food space have witnessed an upward business trend. Another interesting trend, though niche as compared to what’s happening on the international scene, are exclusive wine trails and wine tasting experiences. From Nashik to Nandi Hills, there are pockets in India that give you an interesting hospitality and tourism experience. Internationally, the world of wine tourism is highly specialised and there is a lot we can learn from the global market. Our cover story takes you on an interesting international wine and whisky trail. Take a tour on what the world has to offer and do come back in high spirits.