Trivandrum: Kerala Tourism Development Corporation (KTDC) Limited, a Government of Kerala Undertaking, is all set to renovate their premium properties, Mascot Hotel at Thiruvananthapuram and Bolgatty Palace & Island Resort at Kochi.
This was announced by Vijayan Thomas, Chairman of KTDC, while addressing a press conference here to brief the media about the achievements in the last four years during his term.
“The Mascot Hotel renovation and the Bolgatty Palace & Island Resort upgradation will start in March first week. Most of the rooms in these properties are old and would come under the heritage category. We will be renovating 60 rooms in Mascot hotel to the latest standards. We would apply for fresh category classification after the renovation. The Bekel unit is almost complete and would be inaugurated on March 01. Over the last four years, we have seen a gradual growth and KTDC has been making profit in the last few years. That’s a big achievement”, Vijayan said.
P M Ali Asgar Pasha IAS, Managing Director of KTDC said, “Our outstanding loans have come down from Rs. 13 crores to Rs. 6 crores. The unaudited results for the last financial year shows a profit of Rs. 7.5 crores with a turnover of Rs. 139 crores, up from Rs. 105 crores in the previous fiscal. We have seen a 10% average increase in the occupancy levels across our properties and especially, the 1,000 person seating capacity convention cum event centre at Bolgatty is doing very well. Our Bakery units have also been well received.”
“KTDC is planning to start a hospitality institute at our property near Neyyar Dam and we have applied to Kerala University to start a degree course in Hotel Management. Recently we have placed 55 SC students from our Additional Skill Acquisition Programme, with caterers in Dubai”, he added.
During the course of the interaction, the Chairman also expressed his disappointment that during his term, several proposals to develop projects on a PPP model could not get approval from the Government.
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