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ITDC to put 8 of its 16 hotels on the block

Tourism ministry plans to privatize at least 8 of its 16 hotels to gradually ease out of the core hotel business. The ministry has tasked India Tourism Development Corporation (ITDC) to review all its hotels with the exception of its flagship Hotel Ashok in the capital and recommend viable financial models for each within the next two months.
While the government has decided to divest stake in its property in Hotel Ashok in Itanagar (Arunachal Pradesh), others could be leased for a long term period to private hoteliers. Despite a rapid increase in tourist arrivals and steady growth in both domestic and foreign tourist arrivals, ITDC's hotels have been making losses with some exceptions like Hotel Janpath and Samrat in Delhi.

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