Tag Archives: FHRAI

Pradeep Shetty, Vice President, FHRAI, said, “Delinking F&B rates from accommodation tariffs will empower the industry to adjust pricing based on market dynamics and customer demand, fostering growth across all segments. It will also streamline tax compliance, ensuring a win-win for both the industry and government revenues.”

The Federation of Hotel & Restaurant Associations of India (FHRAI), the third largest hospitality association in the world, in collaboration with the National Council for Hotel Management and Catering Technology (NCHMCT) and the Hotel & Restaurant Association of Northern India (HRANI), successfully hosted the HR Summit on Education and Career in Hospitality on 14th November, 2024 at Hotel Le Meridien, New Delhi. The event was inaugurated by Gyan Bhushan, IES, CEO, NCHMCT, and brought together over 200 industry leaders, educators, and government representatives to discuss the future of hospitality education and career opportunities in India. FHRAI hosted the HR Summit with over 200 industry leaders, educators, and government representatives. The summit focused on major challenges in hospitality, such as the shortage of skilled workers, low student enrolment, and high employee turnover. FHRAI shared a report on the key challenges facing India’s hospitality sector. Discussions emphasised the need for collaboration between industry, educational institutions, and the government to close the skills gap and build a stronger workforce. The summit had three important sessions on career opportunities, improving enrolment and retention, and managing human resources in hospitality. FHRAI, NCHMCT, and HRANI discussed the importance of skill development, as the hospitality sector is expected to create millions of new jobs in the future. The summit focused on key challenges including the shortage of skilled workers, low enrolment in hospitality courses, and high employee attrition rates. Stakeholders discussed strategies to address these issues, including improving the quality of hospitality education, bridging the skills gap, and creating more sustainable career pathways for aspiring professionals. Gyan Bhushan, IES, CEO, NCHMCT & Senior EA(T), Ministry of Tourism, Government of India, said, “I believe today marks a truly …

Pradeep Shetty, President, Federation of Hotel & Restaurant Associations of India (FHRAI), revealed that India’s hospitality industry contributes 12-13% to the GDP and employs over 12% of the workforce. These figures place the industry ahead of both the automobile and IT sectors in terms of economic contribution.

At 54th FHRAI Annual Convention, Pradeep Shetty, President, FHRAI, highlighted the need for long-term financing in the hospitality sector, with current funds only available for 7-8 years. He urged for regulatory reforms, including streamlined licensing and single-window systems, to unlock the industry’s full potential.

Pradeep Shetty, President, FHRAI, projected that the hospitality industry will contribute US $250 bn to India’s GDP by 2030, supporting 137 million jobs. He stressed on the role of long-term financing and regulatory reforms to achieve this vision, aiming for a US $3 tn contribution by 2047.

The Indian hospitality industry is primed to make a significant contribution to the country’s economy, according to Pradeep Shetty, President, Federation of Hotel & Restaurant Associations of India (FHRAI). Addressing the 54th FHRAI Annual Convention on Day 1, Shetty projected that the sector will contribute a substantial $250 billion to India’s GDP by 2030, supporting 137 million jobs. To achieve this ambitious target, Shetty emphasised the need for long-term financing and regulatory reforms. The industry aims to contribute $3 trillion to the GDP by 2047. FHRAI Calls for Regulatory Reforms Shetty highlighted the critical need for long-term financing in the sector, noting that current funding options are limited to 7-8 years. He urged the government to implement regulatory reforms, such as streamlined licensing procedures and single-window systems, to unlock the industry’s full potential. Hospitality Sector Outperforms Other Industries The Indian hospitality industry is already making a substantial impact on the economy, contributing 12-13 per cent to the GDP and employing over 12 per cent of the workforce. These figures surpass those of the automobile and IT sectors, highlighting the industry’s economic significance. Sector to Add 50,000-60,000 Rooms in Next Five Years The President announced that the hospitality sector is set to expand significantly, with plans to add between 50,000 and 60,000 new hotel rooms over the next five years. This expansion will further boost employment opportunities and contribute to the country’s economic growth. FHRAI Submits Ease of Doing Business Report To address the challenges faced by the industry, FHRAI has submitted a comprehensive report on the ease of doing business in hospitality to the government. The report focuses on critical areas for reform, including simplifying regulatory compliance, reducing licensing burdens, …

According to a report prepared by FHRAI, KPMG and PHDCCI, India’s sustainable tourism market is projected to grow at CAGR of 19.3 per cent by 2032. Eco-tourism alone is projected to expand by 15.7 per cent from 2019 to 2027, reaching a staggering market size of US$4.55 billion.

Pradeep Shetty, President, HRAWI & FHRAI won the DDP Trailblazer award at the India Travel Awards. Upon receiving the award, he said, “Awards like these play a vital role in boosting the morale of the younger generation and inspiring them to consider careers in hospitality. This recognises the efforts made by the hospitality industry at large, by the owners and associations, all of whom are behind me and supporting me. It also inspires us to do much more.”

FHRAI reiterated one of its key requests in the pre-budget meeting conducted by the Finance Ministry to grant infrastructure status for hotels across all categories and convention centres built at a project cost of ₹10 crore and above to give a fillip to the budget segment in the industry, along with 12 per cent GST rate across all hotels.

In a bid to boost tourism in Jammu and Kashmir, FHRAI organised a pivotal gathering of tourism stakeholders. The event ignited discussions to propel Union Territory’s tourism development through regulatory frameworks, facilitating investments, and implementing innovative marketing strategies to showcase J&K as a premier tourist destination.