Page 6 - HBiz_August_2024

6 EDITORIAL HOSPITALITY BIZ AUGUST, 2024
n

‘Industry’ will

continue to grow
www.hospitalitybizindia.com
EDITOR-IN-CHIEF & CEO
Sheldon Santwan
ust like every year, the hospitality industry continues
EDITOR & BUSINESS HEAD Jto be looked at as a segment that is not in focus of
Sumit Jha the finance ministry. Continues representations by
+91-9764062266
sumit.jha@saffronsynergies.in hospitality bodies seeking infrastructure status continue
to be ignored. While there are specific push measures
EDITORIAL TEAM for the country, that would ensure better connectivity,
Mumbai infrastructure and ultimately more business for all,

EXECUTIVE EDITOR the demand for infrastructure status by hospitality establishments is to enable reduced
Prasenjit Chakraborty expenses on interest costs in the initial years of setting up, and othe benefits. Despite the
+91 9819263364
prasenjit.chakraborty@saffronsynergies.in ignorance, the industry would continue to grow and generate employment (second largest
NEWS EDITOR employer after railways) and be a substantial tax revenue generator for the country. This
Disha Shah Ghosh industry is destined to reach greater heights, and it would do so, weather or not ther is
disha.shah@saffronsynergies.in
a conducive atmosphere for it. In this issue, we present reactions of industry leaders on
SR. CORRESPONDENT announcement of the Union Budget 2024-25, which yet again lacks substantial measures
Tejaswini Paranjape
tejaswini.paranjape@saffronsynergies.in to address the fundamental challenges facing the sector.
In our statistics and analysis section, we feature extracts of the National Restaurant
Hyderabad
SR. CORRESPONDENT Association of India’s ‘India Food Services Report 2024 (NRAI IFSR 2024)’, that
Asmita Mukherjee interestingly highlights that the Indian food services industry is estimated to be valued
asmita.mukherjee@saffronsynergies.in
at INR 5,69,487 crores as of FY24 and is projected to grow to INR 7,76,511 crores by
CONTRIBUTORS FY28, achieving a CAGR of 8.1% overall, with the organised segment expected to grow
Anurag Yadav (Delhi)
Nivesh Bhagtani (Delhi) at a CAGR of 13.2%. The report highlights that the government tax contribution by the
Marcellus Baptista (Mumbai) food service industry stands at INR 33,809 crore for the financial year 2024. That is just
Bhisham Mansukhani (Mumbai)
Dominic CostaBir (Mumbai) the food service industry, hospitality and its allies pay an additional substantial amount
into the government coffers.
MARKETING TEAM
Housekeeping, is the backbone of the industry, and one missed day can literally create
Mumbai
a mess in the operations of a hotel. The role of a housekeeper is changing and so are the
HEAD - SALES & MARKETING
Ajay Wadode: +91 8087127814 methods, equipment and chemicals being used for housekeeping. In this issue we focus
ajay.wadode@saffronsynergies.in on this pillar of strength of the industry and highlight the trends and future possibilities
thereof. Would future housekeepers take on the role of a general manager?
SR MANAGER - SALES
Jagdish Patil: +91 8007992422 This issue also features our regular guest columns and interview from across the
jagdish.patil@saffronsynergies.in spectrum. Do share your feedback with us, and let us know if there is a specific segment
that you would want to read about.
MANAGER - SALES
Pooja Nalawade: +91 9769052241 Sumit Jha
pooja.nalawade@saffronsynergies.in
Editor & Business Head
COORDINATION,
SUBSCRIPTION & DATABASE BRANCH OFFICES
Gauri Sawant: +91 8369080796
gauri.sawant@saffronsynergies.in NEW DELHI BANGALORE KOCHI CHENNAI GOA HYDERABAD
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