Indian Hotel Industry Revenues to Grow 9-10% in FY17: Icra
- January 22, 2016
- Posted by: jbadmin
- Category: Funding trends
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The country’s hotel industry revenues are likely to improve by 9-10 per cent in 2016-17, mainly aided by improved occupancy, according to a report by rating agency Icra.
Indian hotel industry’s revenues are likely to increase by 7-9 per cent in fiscal year 2014-15, mainly driven by incremental rooms and food and beverage income, according to rating agency Icra.
- Growth through innovation/creativity:
Rather than be constrained by ideas for new products, services and new markets coming from just a few people, a Thinking Corporation can tap into the employees. - Increased profits:
The corporation will experience an increase in profits due to savings in operating costs as well as sales from new products, services and ventures.
- Higher business values:
The link between profits and business value means that the moment a corporation creates a new sustainable level of profit, the business value is adjusted accordingly. - Lower staff turnover:
This, combined with the culture that must exist for innovation and creativity to flourish, means that new employees will be attracted to the organization.
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