By: India’s new Lifestyle, Infrastructure and Entertainment Economy – II | The investment blog

Fri, 11 Dec 2009 05:20:19 +0000

[...] Indian consumer spending in B towns is definitely slated to pick up and double in every 2-3 years for some time to come, but this country hs been in the midst of such boom and not seen enough clientele in this industry yet. Business Travellers and the 5% of GDP that is accumulated by Tourism remain formidable targets to maintain each year even during the good time, Costs of Real Estate, F&B related inflation, wage inflation and the seasonality of tourist arrangements coupled with India’s non voice in international leisure and lifestyle forums , lack of negotiated tarriffs in travel and hospitality all count towards a tremendous dearth of new traffic for any such tourism business. A lot remains to be done and while more and more deluxe 5 star facilities are slowly becoming available because of rush hour and the consequent unavailability that plagues travellers scheduling a trip, too many ventures like the recent Indian Maharaja ( TC/Cox & Kings IPO now open) trains and the 15 year old plans of Gateway and ITC fortune have been non starters. …read the whole nine yards here http://twitterone.mobi/2009/11/18/itcs-fortune-has-great-competition/ [...]

Comments on: ITC’s Fortune has great competition

By: India’s new Lifestyle, Infrastructure and Entertainment Economy – II | The investment blog