Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

New Delhi, Dec 22 () Roseate Hotels &amp; Resorts, which has six hospitality projects in India and the UK, on Sunday said it has forayed into the co-working business with the setting up of its first premium centre in its hotel at Aerocity here.
 The company has opened its first co-working centre, which is spread over 30,000 sq ft and comprises over 100 desks, at its hotel 'Roseate House' in Aerocity here. The price per desk starts from Rs 60,000 per month.
 The centre 'Upstage Club' was inaugurated by Amitabh Kant, CEO of Niti Aayog, the company said in a statement.
 "It is an innovative concept and will encourage more hotels to follow suit. It is a great space for entrepreneurs and will have a multiplier effect for startups," Kant said.
 Bird group ED Ankur Bhatia said, "This space will help people run their businesses efficiently. It offers a convenient location near the airport and facilities that no co-working space offers in India till now."
 Bird group owns and operates all the six hotels. It is also into aviation and travel businesses.
 "Some very successful CXOs and business heads have already decided to make Upstage Club their office at Aerocity," Bhatia added.
 Roseate Hotels and Resorts has two hotels in Delhi and one in Rishikesh. It has three hotels in the UK. MJH ABM
ABM

Roseate Hotels enters co-working business; opens first centre in hotel at Aerocity

<keyword id="136437" type="COMPANY" weightage="20" keywordseo="Lemon-Tree-Hotels">Lemon Tree Hotels</keyword> is India's largest chain of budget hotels, valued at a little less than a billion dollars, in an industry that is yet to fully recover from the lethal blow of the global financial crisis of 2008. However, the company's chairman and managing director, <keyword id="6370083" type="UNKNOWN" weightage="20" keywordseo="Patanjali-Keswani">Patanjali Keswani</keyword>, is confident that a turnaround is just around the corner, and is invested accordingly. “By 2025, I will be in 143 cities in India. It is a specific number. Right now, I am in 31, with Keys I will hit 44. With all the other hotels I am putting, I will be in 66 cities. I need to do a little more than double in the next six years,” Keswani told Business Insider, adding that the company would have about 10,000 rooms commissioned by the end of March 2020 and “it will time nicely with the turning of the cycle.” <div type="javascript" title="Custom" contenttype="Video"><cdata><![CDATA[
<div class="flourish-embed" data-src="visualisation/276018"></div>
]]></cdata></div>
 Here are the five big takeaways from the exclusive chat with Keswani. <div type="Slideshow" msid="68680694" hostid="261" title="Business Insider Stack: All you need to know about the future plans of Lemon Tree Hotels" firstImageMsid="68680695" slideCount="5"></div>

Business Insider Stack: All you need to know about the future plans of Lemon Tree Hotels

The <keyword id="6354977" type="ORGANIZATION" weightage="20" keywordseo="Supreme-Court">Supreme Court</keyword>’s verdict on banning all liquor shops within 500 metres of state and national highways has been made effective since yesterday. While food entrepreneurs thought that five star <keyword id="6368036" type="PERSON" weightage="20" keywordseo="Hotels">hotels</keyword> and fine dining restaurants would be kept off the purview, but that didn’t really happen. Last Friday, the apex court has ruled that December 15 order on banning liquor across national and state highways will be applicable on hotels and restaurants as well. 
 
The people in the business of hospitality now fear loss of jobs that may count upto one million across the country. 
 "As an industry we are completely shocked. States like Maharashtra, <keyword id="6354915" type="CITY" weightage="20" keywordseo="Assam">Assam</keyword> and <keyword id="20154" type="ORGANIZATION" weightage="20" keywordseo="tamil-nadu">Tamil Nadu</keyword> were of the opinion that the ban would be imposed only on liquor shops. We are pegging the loss of revenue to about 40% ,” <keyword id="646692" type="PERSON" weightage="20" keywordseo="Pradeep-Shetty">Pradeep Shetty</keyword>, member of the legal committee at the Federation of Hotels and Restaurant Associations of India told <keyword id="6474066" type="COMPANY" weightage="20" keywordseo="economic-times">Economic Times</keyword>. He added that incidental losses will lead to retrenchment and the loss of employment could be about 1 million. 
 In <keyword id="66" type="COMPANY" weightage="20" keywordseo="Delhi">Delhi</keyword> NCR, premium hotels like Westin, Trident, Leela and a few in the Aerocity will be badly affected by the ban in terms of business. Cyber hub, a home to an array of resto-bars would be hit. 
 Cities like Goa, that would see the maximum loss in business as almost 3000 liquor joints would be shut are pinning their hopes on the new CM <keyword id="6363133" type="PERSON" weightage="20" keywordseo="Manohar-Parrikar">Manohar Parrikar</keyword>. 
 
However, the Supreme Court has ruled that most car accidents in India happen due to drunk driving. Delhi records 1,500 to 1,700 road fatalities and 6,000 to 75,500 grievous injuries in road accidents every year. Out of this, government record shows, 70% of fatalities occur due to drunken driving.

1 million people to lose job in
India: Blame drunken driving for it

So you love a wide spread of smoked salmon, lasagne and a glass of Champagne on your Sunday brunch menu? Now get ready to pay a bomb from July. If you don’t like the continental and want to indulge in chicken biryani and lamb rezala, you aren’t spared either. Government’s much awaited <keyword id="6354679" type="ORGANIZATION" weightage="20" keywordseo="GST">GST</keyword> (Goods and Services Tax) has brought the axe down on the business of hospitality. Both for the restaurateurs and customers, the recently declared GST rate, which would be effective from July, has resulted in devastation. Moreover, the <keyword id="6404781" type="UNKNOWN" weightage="20" keywordseo="Alcohol-ban">alcohol ban</keyword> on the highways has taken a toll on many renowned hospitality destinations and has crippled them to the core. The ludicrously high GST i.e. 18% for hotels charging Rs 2,500 to Rs 5,000 a room night and 28 % for those pegged at tariff rate of Rs 5,000-plus level and the same taxes for the <keyword id="34615" type="ORGANIZATION" weightage="20" keywordseo="restaurants">restaurants</keyword> would hinder the business like never before. Stand alone restaurants aren’t spared either. Those with air-conditions and liquor license will be charged 18% and non AC ones 12%. For the ones with less than annual turnover of Rs 5 lakh, guests will be charged 5% from July 1. Compare this to the global statistics – GST charged for hotels in Malaysia is 6%, Thailand and Singapore stand at 7% and Japan 8%. The only country that goes double digit with its GST among the competition is China at 11%. Dr. Ankur Bhatia, Executive Director, Bird Group, which runs Roseate House in Delhi Aerocity, in an <keyword id="6370284" type="ORGANIZATION" weightage="20" keywordseo="Exclusive">exclusive</keyword> interview with Business Insider said, he has lost Rs 2 crore of business in last two months of alcohol ban. Losing Rs 2 crore isn’t a nominal amount and makes us ponder how the government could have actually done it better. Hotels = Jobs At a time, when the opposition parties have raised fingers at the Modi government for the inability to provide jobs to the youth, it is to be reminded, the hospitality sector provides direct employment to 5.8 million people. And when the alcohol was banned along the highways in the restaurants and hotels, nearly 1 million jobs were curbed. Hospitality industry = skyrocketing economy Besides being an essential job creator in the country, hospitality industry has a market worth of Rs 3,09,110 crore, just below Retail and Insurance. Renowned food journalist, Sourish Bhattacharya, on his portal, fears that this high GST would deter local dhaba owners and small food joints to upgrade their businesses fearing too much taxation. At the end of the day, hospitality business is one the verge of becoming service class of the society who takes the burden of all kinds of taxations without much rebate. Why is high rate of GST horrifying? “High GST is going to seriously hurt the hospitality business because international tourists will prefer Southeast Asian destinations because of the increase in tax from the current level. India as a destination will further face challenges from inbound tourists from its neighbouring ASEAN countries. When it comes to the competition with our Asian counterparts such as Japan and Singapore where the tax is much lesser, there will be a dropdown in inbound business which will affect the economy of the country,” feels V. Jaiswal, Senior VP – Sales &amp; Marketing, Sarovar Hotels &amp; Resorts. What goes in the disadvantage of the customers is most eateries will charge 12% even if they are small just to save themselves from taxmen’s red eyes. “We continue to lose to our competitors in the international market due to these activities. Unfortunately the situation does not get any better. In any case we have infrastructural issues in the country and as you know India is a far off destination and so on and so forth. We continue to face these issues,” Dr Bhatia told Business Insider. 
	
	
	
	
	
	<div type="image" title="Untitled design (2)" msid="58805727" hostid="261"></div>













What motives are ailing the industry? Alcohol ban impact “Liquor sale alone accounts for 20-30% share of the total food and beverage revenue. It also impacts the revenue from the meetings, incentives, conferences and exhibitions (MICE) segment, and the room demand segment and will lead to several job losses,” added Jaiswal. When will the government understand? If alcohol ban along the highways and high GST weren’t enough, there is a high level of red tapes that tends to derail the industry anytime. “The red tape bureaucrats today make things difficult by adding onto the business cost, logistics and all other functions of a business get affected. The procedure of getting a license is too long. There are too many departments to get one license cleared thus making it time consuming and delay from the department. This leaves little room for restaurant owners to focus on actually running the restaurant,” Vikrant Batra, Owner, Cafe Delhi heights told Business Insider. Also India’s millennial city Gurugram and the state that houses it has had its fair share of bad day last quarter when the state government without any thought decided to sell liquor through one distributor across the state. In this case, Neeraj Sachdeva’s Lakeforest Wines is a clear winner having paid Rs 62.5 crore bid amount. Since then, if local restaurateurs are to be believed, the liquor prices have gone up by 59% and given rise to grey market economy. Where lies the solution? While Bhatia is positive about various business bodies taking legal steps to make the alcohol ban verdict null, Batra believes,a a single window for the entire licensing process, preferably over the internet handled by the government facilitation agencies would make things easier.

You Searched For "Hotels in Aerocity" and got 4 results

Roseate Hotels enters co-working business; opens first centre in hotel at Aerocity

PTI

Business Insider Stack: All you need to know about the future plans of Lemon Tree Hotels

Sriram Iyer

1 million people to lose job in India: Blame drunken driving for it

BI India Bureau

Here’s why this is the worst time to be in the business of hospitality in India

Suchayan Mandal

Popular Keywords

Buying Guides