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perspective a quar terly repor t by Volume 02 / 2009 | Volume 02 Our Recommendations Recommendations for the Government •Take a close look at ways and means of improving the existing infrastructure and hygiene conditions at places of tourist interest and public places •Conduct a joint promotional campaign for various states in India and allocate budgets for marketing at international travel fairs to boost tourist inflow in the country •Play a significant role in rationalizing the cost of land auctioned for hotel development. This would assist the industry in creating value by adding substantial inventory of hotel rooms required to diminish the demand-supply gap •Assist in building and developing educational institutions to fulfill the emerging demand for skilled manpower in the tourism sector •Grant ‘Infrastructure’ status to the hotel industry under SEC 80-IA of IT Act and increase depreciation on hotels from 10% to 20% •Rationalise Floor Space Index (FSI) /Floor Area Regulation (FAR). This would allow hotels to build more rooms on the same property eventually leading to more affordable room rates. Subsequently, the government can reduce development charges for adding more rooms in existing hotels •Further incentives will boost investments in the sector such as offering a tax holiday to the industry •Abolition of 12.5% service tax on tour packages •Implement uniform luxury tax code •Extend the 5 year tax holiday scheme which currently covers only 2, 3 and 4-star hotels and convention centers with a capacity greater than 3,000 to include 5-star hotels too Recommendations for the Industry •Promote Public Private Participation •Deliver on scheduled timelines and share accountability with the government on public private partnership projects to reduce the cost involved in development •Develop an academic think-tank to trigger off the right kind of training in hotel management institutes in India •Establish commendable Master’s and PhD programs in hospitality •Undertake measures towards employee retention •Coaching, development and training of employees for their long-term carrier development and retention process Authors Lokesh Kumar, Associate Vice President I lokesh.kumar@technopak.com Rahul Alex Daniel, Consultant I rahul.daniel@technopak.com Nikhil Saigal, Research Associate I nikhil.saigal@technopak.com Barbara Cebula, International Trainee I barbara.cebula@technopak.com 67 | Indian Tourism : Managing Growth by Breaking Barriers
Forecasting the Financial Potential in Education Unique Dynamics and Growth Drivers of the Indian Education Sector 69 Sizeable Investment Needed to Create Additional Capacity 69 Cost per Seat Estimations in the Private Higher Education Segment 71 Thumb Rules for Investments in Private Education 71 New Developments in Regulation in Indian Education 72
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