The government's austerity drive could result in collateral damage, with the ban on official meetings at five-star hotels threatening the hospitality industry that has been gasping under the impact of economic slowdown.
Delhi's Le Meridien Hotel has seen cancellation of meetings and seminars from four government departments in the past few days."About 10-12% of our business comes from the government," said Meena Bhatia, vice-president (operations) at Le Meridien, Delhi. "The government's austerity measures will impact demand for meetings and conferences significantly," said Siddharth Thaker, managing partner at Prognosis Global Consulting, a hotels consulting firm. The finance ministry last week announced a 10% cut in non-plan expenditure in FY13 as part of austerity measures aimed at containing fiscal deficit. It also put a ban on holding department meetings and conferences in five-star hotels, among other measures.
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Commis II Indian - Jobs in India