Stressing that Chennai has the potential to be one of the best ‘MICE’ (Meeting, Incentives, Conferences and Entertainment) destinations in the near future, T Natarajan, honorary secretary of South Indian Hotels and Restaurants Associations (SIHRA) said that while supply currently outstripped demand with respect to hotels, the demand would catch up very soon.
Addressing a press conference on the occasion of SIHRA’s 61st annual general meeting, Natarajan said that except for Chennai and Coimbatore, the supply of hotels and tourism resorts in the rest of Tamil Nadu far outstripped demands. “It is only in Chennai that there has been a sudden spurt of hotels, followed by Coimbatore,” he said.
Vivek Nair, past president of SIHRA and member of the executive committee, said that there is a necessity for the increasing the Floor Space Index limit for hotels especially due to the high costs involved in constructing new hotels.
“This will substantially help in meeting the requirements of the projected increase in the arrival of foreign tourists,” he said.
He also touched upon other issues of commercial electricity rates, inter-state taxes and the reduction of luxury taxes among other things.
K Syama Babu, president of SIHRA who was re-elected this term and Sudheer Nair, secretary general were also present on the occasion.
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