Industry

GTDC to maximise revenues from prime beach properties

Goa Tourism Development Corporation (GTDC) has 12 hotel properties situated in prime beach areas of Miramar, Colva, Calangute among others.

Enthused by a definite turnaround in its financial performance in the year 2013-14, Goa Tourism Development Corporation (GTDC) — Goa government’s tourism marketing corporation — has announced plans to utilize its idle assets and properties to increase its revenues.

GTDC has 12 hotel properties situated in prime beach areas of Miramar, Colva, Calangute among others and also in interior areas of Mayem, Farmagudi and Old Goa.

The state PSU recorded a fair financial growth for the financial year 2013-14 achieving an all time high turnover of Rs.26.88 crores, an increase of 12 per cent over the previous year.

The corporation had reported a net profit of Rs.5 lakh in 2012-13 compared to a net loss of Rs.8 crore in the immediate previous year.

The turnaround of this State PSU is attributed to its proactive and professional management of assets. It reported a net profit of Rs.53.92 lakhs for the year 2013-14.

Ruling BJP legislator Nilesh Cabral who heads GTDC attributed this turnaround to the stress laid by the GTDC on better utilisation of its idle assets and properties. He also attributed the increase in revenue from cruise operations through its single window system, which the corporation introduced a year back to help tourists.

Mr. Cabral on Tuesday said that the increase in revenue is due to increased accommodation and utilisation of GTDC properties such as Vagator, Anjuna, Baga, all falling within the purview of non-development zone in the north coastal belt.

“GTDC owned-properties at Palolem, Benaulim in south Goa coastal belt, which also fall under non- development zone are in the process of development and are expected to generate revenue for the corporation in the near future,” said Mr. Cabral.

Buoyed by this jump in profits, GTDC is geared up to launch a host of products and services which will enhance tourist experience and comfort in Goa. “Two of the foremost things that GTDC has proposed to do is the development of Mayem lake in Bicholim in north Goa, and accommodation facilities for boosting hinterland tourism in Goa,” says Mr. Nikhil Desai, Managing Director of GTDC.

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Printable version | Jun 3, 2020 3:34:52 AM | https://www.thehindu.com/business/Industry/goa-tourism-development-corporation-gtdc-to-maximise-revenues-from-prime-beach-properties/article6400474.ece

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