rishabh thapar
Zimbabwe – Vote for Tourism
Rishabh Thapar | August 3, 2018
As Zimbabwe undergoes a historic election, tourism is a key industry that could drive the country's makeover. By Rishabh Thapar The election on 30 July 2018 is one of the most important elections in the country's democratic history, with 23 candidates and 55 parties contesting the presidential election. This is the first time since 1980 that Robert Mugabe's name didn't feature on the ballot paper after he was forced from power during a bloodless military coup in November 2017. The importance of the election is not lost on the electorate, with voters queuing to cast their vote. The current president and ZANU-PF leader, Emmerson Mnangagw...
Cape Town Calling: Undoing the impact of ‘Day Zero’ on Tourism
Rishabh Thapar | July 5, 2018
By Rishabh Thapar At the end of 2017, one of the most picturesque cities in the world, Cape Town, announced a 'Day Zero' to create awareness among its citizens of the severity of its ongoing water crisis. The day marked to be as early as March 2018 at one point of time has been pushed out to 2020 (or potentially 'never') in light of the city's commendable efforts in changing their lifestyle and focusing on water conservation in all aspects of their day-to-day living. It was heartening to see industries, buildings, farmers, hoteliers, each and every citizen coming together for a common cause and making an effort to reduce water consumpti...
India – The HVS 2016 Hotel Development Cost Survey
Rishabh Thapar | November 14, 2016
By Rishabh Thapar and Achin Khanna HVS is pleased to share the analysis and insights of the 2016 Hotel Development Cost Survey – India. The development cost is an important aspect of a hotel project that determines its viability. HVS, over the years, has helped investors estimate the overall cost of developing a hospitality project as part of the multiple feasibility studies we have performed for varied asset types across all positioning. This survey endeavours to enhance the knowledge and understanding of industry stakeholders on the subject based on actual development costs of recently opened hotels in India. The report provides...
Investing in Leisure: Exploring the Untapped Potential
Achin Khanna | August 6, 2015
By Achin Khanna and Rishabh Thapar Introduction The article evaluates the past performance and potential that leisure destinations hold for hotel development and why hotel investors must more actively look at leisure destinations across India. Travel and Tourism in India Where are the spends? India is well on its way to be the third-largest economy in the world after China and the USA and the direct contribution of Travel & Tourism to the country's GDP is forecast to grow by 7.2% per annum from `2,478.2 billion (2.2% of GDP in 2014) to `5,339.2 billion (2.5% of GDP) by 2025¹. According to the World Travel and Tourism Council (WTTC)...
