2013 Awards for Excellence

Citation

(2014), "2013 Awards for Excellence", Worldwide Hospitality and Tourism Themes, Vol. 6 No. 1. https://doi.org/10.1108/WHATT-02-2014-001

2013 Awards for Excellence

Article Type: 2013 Awards for Excellence From: Worldwide Hospitality and Tourism Themes, Volume 6, Issue 1

The following article was selected for this year's Outstanding Paper Award for Worldwide Hospitality and Tourism Themes

"Financial challenges in the Indian hospitality industry"

Gunjan M. Sanjeev
Institute for International Management and Technology, Gurgaon, India

Kanika Gupta
Institute for International Management and Technology, Gurgaon, India

Rumki Bandyopadhyay
Institute for International Management and Technology, Gurgaon, India

Purpose - The purpose of this paper is to provide a practitioners’ perspective on financial challenges prevalent in the Indian hospitality industry. The paper also makes an attempt to give useful insights into possible solutions to the issues raised.
Design/methodology/approach - The study assimilates data from senior finance professionals from a spectrum of hotels in India. The study involves the collection of primary data through structured interviews.
Findings - The study highlights that some of the financial challenges faced by the Indian hospitality industry include high financing costs, multiplicity of taxes charged, licensing and legal issues, working capital issues and eroding margins. The study also gives some useful insights to the possible solutions to the challenges identified.
Research implications - This paper provides some very useful qualitative analysis of the contemporary challenges and their possible solutions prevalent in the Indian hospitality sector. The findings will be useful for hoteliers, policy makers and researchers to deliberate on the issues raised. However, it does not involve any quantitative analysis.
Originality/value - This study makes a sincere attempt to bring forth some real life issues, challenges and solutions which would be a good value addition to the existing literature.
Keywords - Challenges, Finance, Hospitality, Hospitality management, Hospitality services, India

http://www.emeraldinsight.com/10.1108/17554211211217334

This article originally appeared in Volume 4 Number 2, 2012, pp. 163-173, Worldwide Hospitality and Tourism Themes

The following articles were selected for this year's Highly Commended Award

"Crime, criminal activity and tourism performance: issues from the Caribbean"

Nikolaos Karagiannis
Zagros Madjd-Sadjadi

This article originally appeared in Volume 4 Number 1, 2012, Worldwide Hospitality and Tourism Themes

"Pub food: surveys of customer demand and pub provision"

Fabien Maréchal

This article originally appeared in Volume 4 Number 3, 2012, Worldwide Hospitality and Tourism Themes

"Risk identification and analysis in the hospitality industry: practitioners’ perspectives from India"

Sonia Bharwani
David Mathews

This article originally appeared in Volume 4 Number 5, 2012, Worldwide Hospitality and Tourism Themes