Tag Archives: Shangri-La Eros

Hospitality industry hobbled by land costs, taxes, delays: CII

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Hotel Shangri-La New Delhi, Shangri-La Eros, Shangri-La Mumbai, Palazzio Hotels, Mumbai Real estate news, Delhi NCR real estate news, New Delhi hospitality news, Mumbai hospitality real estate, Mumbai hospitality news, india realty news, india real estate news, india property news, track2media, track2realty, ravi sinhaHigh real estate costs, lack of any tax incentive and bureaucratic hurdles are huge problems for the growth of the hospitality industry that is one of the country’s top job earners, a survey has revealed.

“The high costs of real estate and lack of any tax incentives by the government are acting as hurdles for the hospitality sector. These challenges are further accentuated by overall infrastructure deficit in the country,” said a Confederation of Indian Industry (CII)-PricewaterhouseCoopers (PwC) survey.

The survey covered the top of the mind issues that chief executive officers (CEOs) of various companies face in the hospitality business — from managing costs to developing synergies across multi-format, multi-location functions in the business.

At present, a hotel needs almost 80-100 licences before it starts its operations in India. Almost all CEOs interviewed voiced the need for “effective single window clearance” to make the process smooth and avoid the untimely delays.

It said domestic tourism would add to the growth of the hopitality sector in India.

“The growth potential of the hospitality sector in India is well accepted. However, the realisation of sustainable growth depends on expanding infrastructure, managing costs as well as talent better and providing for tax incentivised development,” said Timmy S. Kandhari, leader, Hospitality and Leisure Practice, PwC India.

Shangri-La Hotels and Resorts to launch 1st property in Mumbai

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Hotel Shangri-La New Delhi, Shangri-La Eros, Shangri-La Mumbai, Palazzio Hotels, Mumbai Real estate news, Delhi NCR real estate news, New Delhi hospitality news, Mumbai hospitality real estate, Mumbai hospitality news, india realty news, india real estate news, india property news, track2media, track2realty, ravi sinhaAsia Pacific’s luxury hotel group, Shangri-La Hotels and resorts, is all set to launch its second property in India after Shangri-La Eros in New Delhi, opened in September 2005. The firm has signed an agreement with the Pallazzio Hotel and Leisure Limited to manage Shangri-La, Mumbai, operational in 2011.

The 410 room hotel and 23 Luxury apartments is situated within the residential and corporate hub of Lower Parel, between two main districts of Mumbai i.e. the Central Business District of Nariman Point and Bandra-Kurla Complex.

Greg Dogan, President and CEO of Shangri-La International Hotel Management Limited said that, “We are delighted to work with Pallazzio Hotel and Leisure Limited to introduce Shangri-La’s distinctive hospitality to Mumbai, which we are certain, will position this hotel as a market leader. India offers tremendous potential and the opening of Shangri-La Hotel, Mumbai is a key strategic move in expanding our presence in the subcontinent.”

Another 5 Star Hotel in Mumbai will be having well-equipped rooms with all contemporary facilities, with additional facilities such as, health club, swimming pool, spa, grand ballroom and business centers with conference and meeting room facilities. The top three floors of the hotel include multiple specialty restaurants offering a variety of dining facilities along with bars.

Shishir Shrivastava, Director of Pallazzio Hotel and Leisure Limited and CEO of Phoenix Mills Limited’s hospitality division said, “We are delighted to get this project underway as it marks the beginning of a long and close relationship that we wish to share with Shangri-La. We selected Shangri-La to manage this prestigious property due to its sterling reputation for delivering a premium luxury hospitality experience. It also marks our foray into the hospitality industry, where we plan to extend our presence to operating multiple world-class luxury properties in the coming years. The long-term opportunity in this sector is immense and we are confident of creating best-in-class properties with right partners by our side.”

This new Mumbai Hotel will lead the expectations of its guests, accommodating them with warm and friendly services. Contact Go Heritage India Journeys for booking Five Star Hotels in Mumbai.