ITDC invites private players to build hotels.

New Delhi, September 28, 2012, DHNS:

State-run Indian Tourism Development Corporation (ITDC) is keen on roping in private players under the public-private-partnership (PPP) framework to build hotels in the unserved areas.

It also wants to partner with private entities to create new facilities like convention halls in its existing hotel premises where large tracks of land are lying vacant and untilised.

“We have plans to bring new hotels and upgrade existing properties in PPP mode. There are many unserved areas like Gir Forest in Gujarat, Bodhgaya in Bihar where we have such opportunities. We want to provide better accommodation and facilities to tourists in such areas,” ITDC chairman Shankarsinh Vaghela said after the corporation’s annual general body meeting held recently.

He said the ITDC closed the year with an all round increase in the performance as compared to previous financial years. “The turnover of the corporation has increased to Rs 423.06 crore from Rs 392.36 crore in 2011-12, which is an increase by 7.82 per cent,” he said. The corporation has faced a loss of 20.51 per cent in 2009-10 and 11.73 per cent in 2010-11.

Besides showing improvement in the turnover and profitability, the corporation made a significant improvement in its operational efficiency. The turnover of almost all the operational verticals went up during 2011-12, he added.

Vaghela said the corporation could not distributed dividend to its stakeholders due to operational losses during 2009-10 and 2010-11. “As during 2011-12, there was a profit, dividend is declared for distribution to the stakeholders of the corporation,” he added.

The ITDC chairman also said that the corporation wants to do better in the field of hospitality and tourism education.

The Ashok Institute of Hospitality and Tourism Management, is an ISO 9001 certified training consultancy of the ITDC, which is based in Delhi. Besides handling the ITDC’s in-house training needs, the institute conducts a four-year bachelor’s degree course in international hospitality business management and diploma in hotel operations trade among other courses relating to hospitality and tourism sector.
Source: http://www.deccanherald.com/content/281841/itdc-invites-private-players-build.html