B Swaminathan (cbedit@imaws.org)
Chennai: To all of our surprise, the recent budget had mentioned house central government is about the hospitality sector we had heard from the Finance Minister mentioning tourism sector and its depending industries bus stop why do the hospitality sector work going to a pic during the month of November and December the last quarter of this financial year seems to be tough.
On one side, the market is slowly opening up mentions like the omicron is not over, and by both state and Central governments hard impacted various restaurant segments. “More than the pandemic restrictions, we had unplanned unpredictable curfews is the biggest Nightmare for the hotel industry. Small restaurants are suffering as landlords had refused to reduce the rentals. Especially our counterparts in the Northern part of India who used to run bhashan kitchens block aur fishing the biggest, toughest times of their lives. According to Mr. Nataraajan, Hon. Secretary South India hotel and restaurant Association.
Natarajan also expresses his concerns over the banks and other Financial Institutions supporting the hospitality sector during their tough times. ” every week there is 1 or other is list for auction. The banks which outside of our offices during the good days fail to stand by us in our tough times. This is the time when the hospitality sector is going through a bad phase and I would expect the financial institutions to look us as the sunshine industry and provide us the necessary support”
“Situation in Andhra Pradesh is also no different. For the past two years, we had faced tougher times and we are in a situation where we expect the government to consider hospitality as a priority sector which has never happened till now”, says Balakrishna Reddy, President of Andhra Pradesh Hotel Association. He also predicted the next financial year would be very much supportive for the hospitality sector. “In the last two years many hoteliers suffered much without a system in place, availability of right manpower and online food-delivery market places taking out a huge chunk out as commission.” He is also very positive that all the small format restaurants which got shut down recently will be back on track.
Dr. R.Ravichander, Hon. President of the Bruhath Bangalore Hotels Association calls the next fiscal to be super-effective for the hoteliers. “With most of the IT companies started calling employees back, we anticipate the businesses are to get back on track. The hoteliers will go back to the pre-COVID era and will survive.”, he said further adding that more investments started flowing into the industry both internally and externally. He also mentioned, pandemic, even though impacted the outlets in the bigger cities, had opened the doors in the smaller towns.
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