According to Hotel Momentum India (HMI) – Q3 2019, a hospitality monitor for the period July to September 2019 released by JLL Hotels & Hospitality Group, nine out of the top 11 markets witnessed a rise in RevPAR performance during the stated duration.
India is among the top 10 economies where business climates improved the most, as per the World Bank’s Doing Business 2020 report. The country saw its ranking in the World Bank’s ‘Ease of Doing Business’ index jump to 63 for 2018-19 from 77 in the previous year.
With the economy gasping for oxygen, in this column we provided an ‘August’ formula for kickstarting growth in the last issue! Fortunately, the FM has heard the cries of anguish and decided to act, with initiatives aimed at generating sales for the auto industry.