IHCL CEO Puneet Chhatwal explains that overcrowding and infrastructural bottlenecks threaten India's top travel destinations unless new tourism hubs are developed.
Insight
Chhatwal: 25-year-olds should build budget hotels instead of AI platforms
“I would tell the 25 year old there's enough platforms, there are enough people working on AI, there's a lot of competitor overcrowding, don't go there, start a boutique hotel business, or start very nice, clean, budget hotel business, and you will have a lot o…”
Opinion
Chhatwal: India should not try to compete with China
“Whatever industry India goes for, my recommendation would be, please don't compete with China.”
Opinion
Chhatwal: Replacing Indian hospitality workers with robots is socially irresponsible
“Actually, should we be doing it? My answer would be no. It's not very socially responsible. We have a young demographic population, ah, to our advantage. So either we get the robots to help people find jobs, or we should not replace human beings with robots. W…”
Prediction Not checkable as stated
Chhatwal: Robots will automate budget hotels, but never luxury hospitality
“It is happening. As we speak, it's happening, but definitely not upscale, upper upscale in Lakshmi. How, see, if you go to a wedding, you'll have only robots serving you. That's not going to happen.”
Opinion
Chhatwal: Pure asset-light hotel model is not India's future
“Not really. Not in India. So we are talking about India, right? India is still a very promoter driven country and In order to qualify for prime piece of, ah, any kind of real estate and to be able to participate in those RFPs, need to find the model, and even …”
Opinion
Chhatwal: India lacks globally recognised consumer brands beyond Taj
“Besides Taj, there is no, or hospitality brands maybe, there is no brand from India and consumer which is known outside of India.”