Optimizing Financial Performance: Insights from Meghal Shah at Suba Group

Optimizing Financial Performance: Insights from Meghal Shah at Suba Group

Admin

Published on March 4, 2024

Transitioning from an illustrious 8-year tenure in audit and taxation at a prominent Chartered Accountants firm, Meghal Shah embarked on a career pivot, driven by a desire to explore fresh horizons within the corporate landscape. Drawn by the allure of the hospitality sector, Meghal embraced a new role as Manager of Finance and Accounts at Suba Group. With a foundation of expertise honed in the intricacies of financial management, Meghal now ventures into the dynamic realm of hospitality, poised to bring her unique blend of skills and experience to chart new successes in this vibrant industry.

What motivated you to pursue a career in the hospitality industry, particularly in hotel finance and accounting?

My previous work experience was with Chartered accountants firm for 8 years in Audit and taxation. As a professional, i wanted to switch my career from firm to industry and explore new areas on my professional front. As an industry, hospitality sector has always fascinated me and i got the opportunity to work with Suba group as Manager- Finance and Accounts.

Can you share some key initiatives you've implemented to optimize financial performance within Suba Group Of Hotels amidst the challenges posed by the hospitality industry?

We have successfully done demerger and merger of our group companies as per the Act post covid to strengthen the financial growth of the Suba group.

How do you foster a collaborative environment within your team to ensure effective financial management and accounting practices?

I always believe that Together Everyone Achieves More and that's what is Team for. As a team leader, i have set target deadlines for specific task for better finance management. We keep communications very clear amongst us and work in harmony.

Could you highlight a particularly successful financial initiative or project you've led within the hotel chain, and how it contributed to the business's overall success?

As stated earlier, post covid we have done demerger and merger of our group companies. The whole project was successfully lead by me right from filing applications to NCLT till getting final approval order from NCLT.

As a woman in a leadership role within the hospitality sector, what advice would you give to other aspiring women looking to advance their careers in this industry?

Someone has nicely said that its easier to lead when doing what you love and i suggest to other aspiring women to love the work and have passion to succeed in the career.

In your opinion, what are the most pressing issues facing the hotel industry today, and how can finance and accounting professionals like yourself address these challenges?

Staff retention and rising salary cost, Operational issues, high financing cost, changes in guest expectations, OTA costs are some of the pressing issues of the industry.

With International Women's Day approaching, how do you personally celebrate and advocate for gender equality within your professional sphere?

By spreading appreciation messages to all the lovely women in my life.

Can you discuss the role of innovation and technology in modernising financial operations within the hotel industry, and how Suba Group Of Hotels embraces these advancements?

Suba Group has always belived in innovation and technology. As a group, we are providing contactless payments, digital menus, mobile ordering for room services, streamlined check in and check out, advanced PMS to integrate financial data.

Looking ahead, what do you envision for the future of finance and accounting in the hospitality sector, and how do you plan to stay ahead of industry trends and developments?

The industry has rebound strongly post covid and with increased growth in Indian tourism, Hospitality sector will flourish in future and as a group we have strategis to open more and more hotels in tier 2 tier 3 cities.

This Interview is Published Exclusively in HospitalityNews.in.


Vilas Pawar on Lemon Tree’s Franchise Success & Future Growth

Vilas Pawar on Lemon Tree’s Franchise Success & Future Growth

Vilas Pawar

Published on February 1, 2025

Vilas Pawar, CEO of the Managed & Franchise Division at Lemon Tree Hotels, is steering the brand’s ambitious expansion with a focus on an asset-light growth model. With an illustrious career spanning top hospitality brands like Taj Hotels, Hyatt, Radisson, and Choice Hotels International, Pawar brings a wealth of experience in franchise development. Recognized among the Top 50 Leaders in Franchising by Franchise India, he is now leading Lemon Tree’s push toward 20,000+ rooms in the next five years while maintaining high-quality service and operational efficiency.

In his conversation with Hospitality News, Pawar discusses how Lemon Tree is tapping into Tier II, III, and IV cities, bringing quality accommodation to emerging markets like Chandausi, Marpalle, and Sri Ganganagar. He highlights the role of the Keys brand—Keys Prima, Keys Select, and Keys Lite—in driving franchise growth while maintaining flexibility. Pawar also delves into the company’s eco-friendly initiatives, ensuring sustainability remains at the forefront of their expansion.

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Technology is another game-changer for Lemon Tree, with AI-driven dynamic pricing, automation in revenue management, and an e-concierge system enhancing guest experiences. Pawar also sheds light on an unexpected strategy that has set Lemon Tree apart—On-Demand In-house Service Associates (ODIs), a unique approach that blends efficiency with personalized hospitality.

As the franchising model gains momentum in India, Pawar believes it will play a significant role in shaping the future of the hospitality industry over the next decade.

Want to dive deeper into his insights? Read the full interview in Hospitality News’ February issue! Subscribe today or DM us to order your copy.


Namu Kini on Making Veganism Mainstream in India

Namu Kini on Making Veganism Mainstream in India

Namu Kini

Published on February 1, 2025

Namu Kini is at the forefront of India’s vegan revolution. As the founder of Namu Recommends, she has built a thriving platform that champions plant-based businesses and sustainable living. Since launching the Namu Recommends Vegan Market in 2021, she has hosted 13 successful events, making veganism more accessible to the masses. Additionally, her work with the Veganuary Festival has created a vibrant space for individuals to explore and embrace a plant-based lifestyle. Beyond food, her efforts extend to fashion, eco-friendly products, and wellness, fostering a strong, conscious community.

In an exclusive interview featured in our February magazine, Namu shares how her journey began as a simple initiative on Instagram and quickly transformed into a full-fledged movement. She recalls how her early markets had only a handful of stalls, yet the demand was so high that they sold out within hours. Today, her events host over 120 vendors, drawing thousands of attendees, including non-vegans who are curious about plant-based alternatives.

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She also discusses the challenges of mainstreaming veganism in India, emphasizing that while passion is important, vegan businesses must adopt strong market strategies to thrive. She highlights key milestones, such as having brands from her market supply dairy-free alternatives to Bangalore International Airport, proving the growing demand for plant-based options.

For insights into Namu Kini’s inspiring journey, her vision for the future of veganism in India, and how she’s fostering a more sustainable world, read the full interview in our February edition of Hospitality News magazine.Subscribe today or DM us to order your copy.


Akshay Gupta of Tivoli Group: Shaping the Future of Luxury Hospitality

Akshay Gupta of Tivoli Group: Shaping the Future of Luxury Hospitality

Akshay Gupta

Published on February 1, 2025

In an exclusive interview featured in our February issue, Akshay Gupta, the Executive Director of Tivoli Group, takes us on a journey through the evolving landscape of luxury hospitality in India. Known for his blend of global education and local expertise, Akshay’s leadership has been instrumental in steering the renowned Tivoli Group toward sustainable growth and unparalleled guest experiences.

Tivoli Group, established in 1988, is synonymous with luxury and elegance, offering a range of properties across India, from stunning wedding venues to exclusive resorts. Under Akshay's guidance, Tivoli has expanded its footprint with new properties in prime locations like Noida, Dwarka, and Jim Corbett. His approach to hospitality revolves around innovation, ensuring each property reflects Tivoli’s core values of elegance, sophistication, and personalized service.

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In the interview, Akshay discusses the importance of sustainability in today’s luxury hospitality market, highlighting how Tivoli’s eco-conscious initiatives, like energy-efficient systems and sustainable sourcing, are redefining the luxury experience. He also shares his vision for diversifying Tivoli’s offerings, such as the iconic 'The Upper HSE,' which seamlessly combines innovation and exclusivity, making it a go-to venue for high-profile events.

Akshay’s leadership focuses on one core idea: delivering unforgettable experiences. Whether it’s a lavish wedding or a corporate gala, Tivoli Group’s attention to detail and commitment to excellence shine through.

To discover more about Akshay Gupta’s insights on the future of luxury hospitality, sustainability, and his vision for Tivoli Group, read the full interview in the February issue of Hospitality News Magazine. Subscribe today or DM us to order your copy.