Tag: India
Hyderabad, the city famous by the name of Old City has a history that dates back almost 500 years. It is a city of many famous ancient buildings, historical monuments and beautiful temples, which makes it a keenly sought after tourist destination in India as well. In order to meet the accommodation requirements of a huge number of travelers, the city makes available numerous hotels that cater to people belonging to different sections of society with warm hospitality and an excellent range of services.
The City of Nawabs or the City of Pearls, Hyderabad is the capital of the state of Andhra Pradesh, India. It is located on the on the banks of the Musi River that is in the Deccan Plateau in south India. Today, the city is ranked as the fourth most populated city of India, where nearly 6.8 million people reside in the city area and there are 7.7 million residents in its metropolitan area. Basically, the city is famous for its Nawabi culture, Hyderabadi pearls, popular Hyderabadi biryani and a rich tradition as well. Now the city has emerged as a major hub for the growing Information Technology industry in India. Being known for numerous reasons, Hyderabad is visited by a large number of travelers throughout the year. For their suitable accommodation, there are plenty of hotels in Hyderabad that are easily available at different locations of the city.
The city of Hyderabad is abounded by a large number of hotels all over the city. These hotels range from the luxurious 7 stars, 5 star hotels and resorts to the budgetary 4 star, 3 star and 2 star hotels. Among these the luxurious hotels are basically meant to cater to the people belonging to the upper sections of society. On the other hand, the budgetary hotels are the preferred option of the budget travelers who are not willing to spend too much money on their accommodation. All these hotels are easily available at different locations of the city and assure a comfortable staying experience for the visitors.
Apart from being a major spot for various tourists, the city of Hyderabad has also grown as a major center for various Information Technology industrial set ups. This has resulted in the arrival of various corporate sector travelers and other affluent class people in the city. To meet the accommodation requirements of this section of people, there are plenty of luxurious hotels in Hyderabad that cater to their guest with an excellent range of ultramodern facilities. These include diverse cuisine restaurants, access to high-speed internet, air conditioned rooms, TV connection in the room, direct dial telephone, swimming pool, gymnasium, beauty salon, spa, banquet halls, business facilities, meeting rooms, currency exchange, doctors on call, safe deposit, car rental facility, car parking area, airport transfer and many other amenities.
The other major type of hotels in Hyderabad is the budgetary hotels that are preferred by the people belonging to the budget class or the ones who are not willing to spend too much money on their accommodation facilities. For welcoming such type of people with qualitative accommodation services, plenty of services are offered by these hotels as well. Some of these include access to high speed internet, AC and non AC rooms, coffee and tea machines in the rooms, complimentary breakfast, 24 hour room service, laundry service, conference facilities and car parking area, safe deposit and other such amenities as well.
To search for any of these hotels, the internet is the best medium these days. While searching them on the internet you may come across the websites of different hotels in Hyderabad. All you need to do is go through these websites and their details about the hotels, their location, range of facilities and more. Then according to your budget and requirements, you can book your hotel room in any of the hotels that your prefer staying in.
Tax benefits/ incentives.
.Current projections in budget.
Hotel Industry in India currently has supply of 110,000 rooms and there is a shortage of 150,000 rooms fueling hotel room rates across India. According to estimates demand is going to exceed supply by at least 100% over the next 2 years. To overcome, this shortage Indian hotel industry is adding about 60,000 quality rooms, currently in different stages of planning and development, which should be ready by 2012.
Indias hotel industry comprises of four main categories star hotels, heritage hotels, budget hotels and unclassified hotels. It is expected that the budget and mid-market hotel segment will witness huge growth and expansion while the luxury segment will continue to perform extremely well over the next few years.
It is forecasted to be the number 3 market in the world by 2015 for hospitality and tourism.
The industry is growing at a very rapid pace and there is a demand for more rooms both in metros and smaller towns.
In short, the Indian hospitality industry is poised for tremendous growth as the demand-supply imbalance has prompted several national and international hotel companies to focus their energies towards expansion in India. The next few years will thus witness the opening of several hotels in India.
Regulatory policy
The Ministry of Tourism is the nodal authority & along Dept. of Tourism it is responsible policies promotion & regulation of hospitality industry particular hotels.
The following are the some of important guidelines issued by the Dept. of Tourism.
.Approval of Hotels at Project Stage and Classification & Reclassification of Hotels.
.Guidelines for Classification of Heritage Hotels.
.Time Share Resorts (TSR).
.Stand Alone Restaurants
.Guidelines for apartment hotels.
.Guidelines for approval of Guest Houses.
FDI in this sector is permitted up to 100 per cent on the automatic route. For foreign technology agreements, automatic approval is granted if:-
.Up to 3 per cent of the capital cost of the project is proposed to be paid for technical and consultancy services.
.Up to 3 per cent of the net turnover is payable for franchising and marketing/publicity fee, and
.Up to 10 per cent of gross operating profit is payable for management fee, including incentive fee.
Incentives
Tax incentives under the current Budget
.Five year holiday from income tax being granted to two, three or four star hotels established in specified districts having UNESCO-declared ‘World Heritage Sites’; the hotel should be constructed and start functioning during the period April 1, 2008 to March 31, 2013.
.FBT exempted on crche, employee sports, guest houses facilities.
.No specific projections for this sector under the Current Budget.
Conclusion
The thriving economy and increased business opportunities especially growth in the tourism in India have acted as a boon for Indian hotel industry.
The future scenario of Indian hotel industry looks extremely rosy. It is expected that the budget and mid-market hotel segment will witness huge growth and expansion while the luxury segment will continue to perform extremely well over the next few years.