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Hotels & Hospitality

OYO Rooms to offer service apartments & homestays by 2017-end

Oyo-Rooms

Hotel aggregator OYO Rooms is eyeing an expansion of its budget segment to offer serviced apartments and homestays for leisure markets by the end of the year. The SoftBank-backed company is betting big on this category, which will come under its budget brand ‘OYO Rooms’, and is in advanced talks for partnerships with various real estate players for the vertical. ...

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5 Reasons Why Business Travelers Choose Serviced Apartments

service apartments

What are serviced apartments and why are they fast becoming the business accommodation of choice? Serviced apartments are a relatively new concept that were first introduced in the U.S in the 1980s. Today, serviced apartments span the globe although recent research by Knight Frank shows that North America still accounts for 61% of the world’s serviced apartment locations, with Europe ...

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Mumbai Serviced Apartment providers launch association to tackle issues including GST

ahspi-members

  Small and mid scale hospitality sector service providers including serviced apartment providers in Mumbai today announced their own association titled “Association of Hospitality Service Providers in India (AHSPI)“, to handle several issues including teething GST problems faced by the industry in Mumbai and the rest of India.   According to Founder President of AHSPI Firoz Ahmed Khan, the purpose ...

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Easier licences, fewer taxes for Homestays, Home Serviced Apartments?

homestay-bed-and-breakfast

New Delhi, June 30: The Centre has relaxed stringent licensing norms and recommended reduced levies on homestay establishments registered under the bed-and-breakfast scheme to give a boost to the sunrise industry. The Union tourism ministry has notified a new set of guidelines to encourage more households to offer accommodation to tourists and help make up for an estimated shortage of about ...

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How The Govt Push To Homestay Will Keep Indian Tourism Sector Warmer

homestay-bed-and-breakfast-scheme

  Recent media reports that the government will provide incentives to those who offer homestay services to tourists show how you could earn money while keeping in line with India’s great tradition of atithi devo bhava. The Centre plans to issues licences to home stay providers and extend several tax benefits to them. According to a report in The Economic Times, home stays in India ...

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Home Stays, Service Apartments and Budget hotels seek lower GST tax rate of 5 per cent

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Making up 80% of India’s hospitality market, they may become unviable with higher rates, says Ficci India’s budget hotel industry has sought to be treated on par with small food outlets and dhabas and taxed at the lower rate of 5% under the upcoming Goods and Services Tax (GST) regime to be rolled out from July 1. Such hotels — charging less ...

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What is SGST, CGST & IGST? Midscale Hospitality Sector in Mumbai Worried?

difference-between-cgst-igst-sgst

    Goods & Service Tax or GST will be levied on goods and services. It will replace all the various taxes and bring them under one umbrella to make compliance easier. It  will replace the following taxes: (i) Taxes currently levied and collected by the Centre:  Central Excise duty  Additional Duties of Customs (commonly known as CVD)  Special Additional ...

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How GST will impact hospitality industry? Mumbai operators a worried lot

hospitalilty sector

Small and medium businesses in the Hospitality Sector in Mumbai are up in arms against the new GST regime, claiming that there is a lot of confusion and indecision vis-a-vis the existing situation in Maharashtra. While luxury tax is done away with, the ambiguity lies in the special discount rates offered by hospitality industry operators from time to time. For ...

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