Monday, 27 January 2020

Lifestyle and hospitality sector: Quote for pre-budget story: Saagar Panchal, Founder & CEO, Hireavilla Hospitality Pvt.

Saagar Panchal, Founder & CEO, Hireavilla Hospitality Pvt. Also, find attached his high res picture. Request you to please add it to your story.
"One of the biggest challenges before the Modi government is to rescue the Indian economy from a slump. The statistics ministry expects the economy to grow at 5% in the current fiscal, the slowest pace of annual growth since 2012-13. I am still optimistic about a recovery and foresee the economy quickly picking pace. The travel and hospitality industry has a huge potential to create a number of employment opportunities, increase services and enhance tourism. This year, I hope that our government focuses on steps to provide capital to the industry players. This could be in the form of incentivizing banks and other financial institutions to lend money to industry participants especially start-ups in the sector. Furthermore, I have high hopes on the government to lower tax rates and remove exemptions, revisit tax regulations especially for start-ups like that of mine. This will not only provide tax reforms but also enhance the efficiency of tax collections."
Profile 
Saagar Panchal is the Founder & CEO started Hireavilla Hospitality Pvt ltd at the young age of 21 years. He started off with a team of 4 individuals and worked hard to gradually expand the business & its properties to Karjat, Alibaug, Panchgani and other sectors of Maharashtra & Goa. The business picked up so well that by the end of the year 2016, the company had booked more than 400 bookings and served up to 3000 customers. He now has a team of 12 and they are all under the age of 25.

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