DARE - Because Entrepreneurs Do

It is a known fact that the hospitality industry will receive a much needed shot in the arm after the devastating slowdown thanks to Commonwealth Games 2010. But is the NCR prepared for handling all the action? Here is an update.

It has been estimated that an additional 30,000 rooms in Delhi NCR region would be required for catering to the tourist inflow during the games. According to a press release by the Tourism Ministry, another 11,000 rooms would be made available from the approved guest houses. Apart from these, the ministry also expects another 3,000 rooms to be made available under the Bed & Breakfast scheme. However, in a in a review meeting, the Union Secretary of Tourism Sujit Banerjee found that as against the 9,597 rooms in the definitive category, only 3,952 rooms (or 41%) have been completed so far. Hence, he has directed all the on-going projects under the 2, 3 and 4-star category, to be commissioned and classified by March 31, 2010 to avail the 5 year Tax Holiday. Keeping these facts in mind and also the additional demand the Games would create, there is an huge opportunity for entrepreneurs, both big and small, to tap into the potential.

Also read an interesting story on Business Opportunities around Commonwealth Games in the latest issue of DARE.