The Indian hospitality industry is the third-largest sub-segment of the services sector comprising of trade, repair services, hotels and restaurants contributing nearly US$187.9 billion or 12.5% to the GDP in 2014-15. The industry has been growing fast at 11.7% CAGR over the period 2011-12 to 2014-15.
As per ICRA report, the domestic hotel industry is estimated to touch $1.8 billion by 2016 end from $1 billion presently. When it comes to cleaning & maintenance or say housekeeping in hotels, it is no more a utility based expense, but becomes a matter to showcase. Kristopha Hohn, Corporate Support Expert at Hospitality Staffing Solutions avers, “It depends on the hotel, but it tends to be a good percentage for most. I have worked in a few different hotels with divergent needs, and found this to be true. With the luxury hotel, housekeeping expenses were about 14-18% of the budget because of the types of products one would use to clean and the frequency of laundry, but it was primarily staffing. Turnover on the rooms didn’t happen quite as often because guests would stay for roughly three to five days per room, and we had some conscientious guests who would re-use their towels and wash rags.” Adding both the existing and upcoming projects, Housekeeping / Cleaning & Maintenance at hotels and restaurants marks a $1.5 billion potential over the next five years.
Accounting for 2.4% of the global pharmaceutical industry in value-terms and 10% in volume terms, Indian pharmaceutical sector is estimated to grow at a CAGR of 15.92% to US$55 billion by 2020 from US$20 billion in 2015.
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C&M of a premise precisely depends on the property’s design, amenities provided, open space provided for landscaping and so on.
For real estate properties, C&M is around Rs3/ft monthly. This can be further divided as:
- Keeping the properties clean – landscaping, garbage removal etc: 20% (Rs0.60)
- Property Repairs – broken windows, removing graffiti, replacing light bulbs, any light maintenance: 5% (Rs0.15)
- Interior Upgrades – replace carpeting, interior painting and interior cleaning: Nil
- Safety – regular checks on the property, making sure property is always accessible for showing potential buyers: 20% (Rs0.60)
- Security – board-ups, door and window replacements, lock changes: 25% (Rs0.75)
- Parking maintenance & cleaning /( Housekeeping of the entire property): 30% (Rs0.90)
– Mohamed Ali, MD, South India Shelters Pvt Ltd
With 71% market share, generic drugs form the largest segment of the Indian pharmaceutical sector that is expected to be the third-largest global generic Active Pharmaceutical Ingredient (API) merchant market by the year-end. Generic drugs account for 20% of global exports in terms of volume, making the country the largest provider of generic medicines globally and expected to expand even further in coming years. Pharmaceuticals Exports Promotion Council expects pharmaceutical exports to reach US$25 billion in 2015.