Supply needs to increase by at least 50%: Ganesh Babu

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By Deepshikha Singh

Ganesh Babu, Director at IDE Consulting Services, he comes with an extensive knowledge across the Event Conferencing and B2B Initiatives industry. With exceptional leadership, business development skills and interpersonal proficiency, he is able to set realistic business targets, deadlines, plans and financial targets. Being an motivator, he mingles with all the teams and departments with IDE and instills in them to strive for the best and coaches them to be successful.

In an interview with TheGlobalRealty, Ganesh elaborates on Hotelier Summit India. Excerpts:

TheGlobalRealty: What is the objective of the Hotelier Summit India and how will this be beneficial to the industry?

Ganesh Babu: Hotelier Summit-India delves into the unique challenges faced by the hospitality industry, by offering a solution-oriented platform which facilitates Face-to-Face meetings, strategically modeled networking activities and information exchange amongst the delegates.

The summit brings together the most elite assemblage of hotel investors, leading hotel owners, operators, developers, architects, interior designers, consultants, industry experts and service providers, making it the most sought after business summit by the hospitality fraternity of India.

TheGlobalRealty: What are the unique challenges in the Indian hospitality industry and how is IDE planning to address it?

Ganesh Babu: Although the hospitality sector is booming, the industry is expected to fall short of meeting the long term demands of an economy growing at 7-9% PA. Supply needs to increase by at least 50% to meet the demand of over 300,000 in the near term.

TheGlobalRealty: What is the outcome expected out of the summit and how will this benefit professionals of the hospitality sector?

Ganesh Babu : IDE strives to create unique business experiences for its attendees; hence, the Hotelier Summit– India proposes to connect Key decision makers of the hospitality fraternity through structured, positive and specialized networks that will facilitate the development of long-term, meaningful relationships with quality business professionals.

TheGlobalRealty: How was the summit at Africa and Middle East?

Ganesh Babu:The 10th Edition Hotelier Summit Africa, which recently concluded on April-21-2017, brought together investors from all over the world to engage with leading industry members in the Sub-Sahara African real estate fraternity. The event was not only about creating business opportunities – the event was about optimism. This was the first step of achieving our vision of making housing affordable for all Africans.

The 11th Edition Hotelier Summit Middle East just concluded last week. Due to the Expo 2020 and FIFA 2022, The Middle East is always a very positive event for us as construction is happening at break-neck speed across the region. Our initiative is the ideal platform to facilitate quicker development of the various projects.

TheGlobalRealty: What was the response compared to last year?

Ganesh Babu : Every year, we see an increase in the number of participants attending our initiatives. On average, more than 90% of our clients who attended last year’s editions chose to be a part of our events this year as well. Since the Hotelier Summit India is our flagship event and this is our 5th annual of the event, we are working towards putting together a grand spectacle for the top hospitality professionals in India.

TheGlobalRealty: Brief about your Hospitality leader Industry Choice Awards.

Ganesh Babu : The 3rd Edition Hospitality Leaders’ Industry Choice Awards celebrates and recognizes the stalwarts of the hospitality industry, who have distinguished themselves in their field of expertise. The Awards winners are not decided just by a jury or a panel, but is the choice of the professionals involved with the hospitality fraternity themselves.

TheGlobalRealty: What are the industry trends?

Ganesh Babu: India, after China, is considered as one of the most lucrative hotel markets in the world and has the second largest construction pipeline in Asia.

This is the first time in five years that pan-India hotel occupancy has crossed 60%. 199 hotel projects and 35,665 rooms are currently under construction in Tier 1 cities of India.

The World Travel and Tourism Council (WTTC) predict India has potential to become the world’s number one tourist destination with demand growing at 10.1% per annum.

The Federation of Hotel and Restaurant Associations of India (FHRAI) report that the current supply of 200,000 hotel rooms in India. Around 40 international hotel brands are said to enter the country in the next five years.