The growth story

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Updated: January 04, 2016 2:49 PM

The end of 2015 witnessed two mega marriages in the hospitality space, the Marriott-Starwood story and the Accor-FRHI merger were developments that provided the global hospitality industry more food for thought

20150116eh02The end of 2015 witnessed two mega marriages in the hospitality space, the Marriott-Starwood story and the Accor-FRHI merger were developments that provided the global hospitality industry more food for thought. These business decisions gave rise to few obvious concerns related to operations, brand positioning and of course human resource. Skilled manpower has always been a serious point of discussion at forums, but apart from raising concerns and questions we seldom get to hear of effective solutions to bring into action a comprehensive education and training initiative that leads to employment generation. The right man for the right job will place the industry in a happy spot.

The cover story in this issue clearly displays what the development story will be in India in the near future. Opportunities will not be restricted to the mega cities but will spread into regions that are future growth cities of the country. Domestic tourism will provide impetus to the business.

A robust public private partnership model will strengthen the development story to meet the growth projections. Policies cannot just be on paper and promises meaningless. Investor-friendly land banks and policies are the need of the hour. As per reports, at present, the demand is less and supply is more in a number of cities. But within the period of 12-14 months the position may change with demand picking up against the supply. In the next five years, the demand is expected to surpass the supply and industry would do better. Keeping this is view, business will boom and hence give more meaning to trade exhibitions like Food Hospitality World (FHW). The 27th edition of FHW will be held on January 21-23, 2016 at Bandra Kurla Complex, Mumbai. This year Turkey will be having the largest pavilion wherein 12-15 companies will be participating. It will also be the largest showcase by any international country so far. Moreover, around 200 exhibitors are expected to participate at this upcoming edition of FHW Mumbai. The FHW trade show has exhibitors from different segments of the food and hospitality industry like F&B, interiors, kitchen equipment, housekeeping, bakery and others, and aims at providing solutions to various industry-related problems. For some real time interactions join us at our sessions – Hospitality Think Tank and Hospitality Knowledge Exchange. See you at FHW 2016.

Reema Lokesh
Editor

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