New Delhi: Anurag Katriar, founder and managing director of Indigo Hospitality, said that since the Phygital Retail Convention has emerged as a prominent platform to discuss the retail industry,Ā should place a special emphasis on theĀ HoReCa (hotel, restaurant, catering) industry as well. He added that such conversations in the convention can help set agendas and broaden the scope of theĀ discussions.
āI think maybe there is a time now to do a little moreĀ HoReCa-centric communication at the PRC where we donāt only discuss whatās going on, we discuss and set agendas for the future and let the world know this is how the larger leadership team of the restaurant industry is looking for the industry to grow,ā he said.
Discussing the 2024 outlook forĀ the hospitality industry he said there could be aĀ substantial increase in the number of restaurants over the years. āMore and more people are coming out to dine out and I feel with the sustained GDP growth that India has, this isnāt going to change anytime soon,ā he said.
He called the restaurants in India ālowest hanging fruitā due to the disposable income available for spending. This tendency fosters industry growth and facilitates business expansion, he said.
He emphasized that, in the aftermath of the Coronavirus pandemic, it is essential to stay faithful to products, explore new product lines, and prioritize substance over style.
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