Just like technology is helping other key businesses across the globe, food industry too has a great amount of scope to implement technological advancements and make progressions with time.
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The bottomline is, if we host events, we in the hospitality industry must make sure each one counts -- and is counted. Only then will our global ranking rise.
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Going forward, MICE operators will look beyond infrastructure and connectivity at the unique offerings that set a destination apart
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With the government ramping up infrastructure across the country, India has started getting attention in the international mice market. The industry must now act together to cash in on the positives.
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A stable government focused on economic growth, improved air connectivity and smoother roads have revived the world's interest in india's mice potential
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Legacy technologies have started to give way to new and innovative technologies that will help the hospitality industry exceed guest expectations.
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A few years back molecular gastronomy was a rage all over the world but today it has withered away.
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To provide a one-of-a-kind experience, hotels are focused not just on interiors, designing, food, and services, etc., but also on sustainable measures such as energy and water conservation, recycling and waste reduction, to name a few.
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The repo rate now stands at 6 percent - returning to the same level as in April 2018. This will augur well for the Indian real estate sector and keep the momentum going in the coming year.
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Hotels are mistaken as a real estate asset class, and therefore, while arriving at the valuation of a hotel, investor/owner intend to calculate it on the basis of prevailing land price and price per sq ft for the total built-up area of the hotel.
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