The International Monetary Fund (IMF) has reassured that India will be the fastest growing economy in the world in 2018, with a growth rate of 7.4 per cent. Every major sector- Capital Goods, Automobile, Banking, Defense and Real State/Housing is shooting up.
However, despite the rise in spending power and high emphasis on tourism and travel by the government, the hotel industry continues to perform below par. So what’s wrong?
Let’s address the elephant in the “Room”
Currently, Indian hotels are at the mercy of banks, with stressed loans going over 63% in the past three years. When added, the…
We have a lot to learn from Warren Buffett, the greatest investor of our times and a humble owner of 8,190 crores (2018).
Buffet has this timeless quote for us “Price is what you pay. Value is what you get”
Without doing an investing investigation on that quote, it simply indicates that price and value are not always one and the same.
In India, most of the time due to lack of flexibility in services and products, we are forced to pay more in exchange for a “value” that we don’t need. …
Pobyt is a new age hotel booking app that allows you to book hotels on per minute basis. With Pobyt, Pay only for the time you stay.