The 7th Annual Convention of the Indian Heritage Hotels Association (IHHA) is scheduled to take place at Bharatpur in Rajasthan from September 13-14, 2018 on the theme ‘Revitalizing India as the Heritage Destination’. “We are all here to explore, debate, deliberate and arrive at a definite roadmap for resurrection of this sacred land. We have thus far taken our heritage for granted and been extremely irresponsible to provide the desired care to protect and preserve our invaluable heritage both tangible and intangible,” said Randhir Vikram Singh, Secretary General, IHHA. Several eminent national and international speakers are expected to share their respective nations’ conservation experiences.
Read More »Govt. approves initiation of disinvestment of ITDC hotels
The Cabinet Committee on Economic Affairs has approved the initiation of the process of disinvestment of hotels/properties of the India Tourism Development Corporation Ltd. (ITDC). In the first stage of the disinvestment process, three hotels have been taken up for disinvestment—Hotel Lake View Ashok, Bhopal Hotel Brahmaputra Ashok, Guwahati, Hotel Bharatpur Ashok, Bharatpur. In all three cases, the hotels/properties are being given back to the concerned states. In the case of Bhopal and Guwahati, ITDC is divesting its share of 51 per cent in the Joint Venture Company formed for operation of the hotels whereas in the case of Bharatpur, the unit which was only managed by ITDC is being returned to the State Government. The decision on disinvestment has been made, keeping in view that running and managing hotels on professional lines is not the work of the Government or its entities. Further, there has been considerable development in the hospitality sector in the country in past years, with world class hotels and all leading international chains of hotels present in the country and providing services and facilities of highest standards. As part of the disinvestment policy, it has been decided to lease/sub-lease the hotels/properties jointly with the concerned states or return the properties to the states, after fair valuation. The states would then have the option to upgrade and operate the Hotels by involving the private sector or to utilize the properties as per their requirements. States have exercised their options accordingly, in each case going forward with the option best suited to their needs, in line with the overarching principle that it is not the business of Government to run or manage hotels.
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