Budget 2024 to boost Udman Hotels; gift biz to see 45% sales surge over Valentine's Day: Ferns N Petals' Vikaas Gutgutia

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Key Points

Valentine's Day Sale: As Valentine's Day approaches, Vikaas Gutgutia, Founder and Managing Director of Ferns N Petals (FNP) expects an impressive 45-50% surge in sales compared to the previous year..

This trend reflects a shift in consumer preferences towards unique and exclusive gifts, such as personalised flower bouquets and hampers, eschewing mass-produced items, Vikaas Gutgutia told Mint in an exclusive interaction..

Will the focus on domestic tourism in the budget benefit Lakshadweep more than the Maldives, considering travel distances for Indian tourists?..

Also, the government's focus on enhancing inland infrastructure for port connectivity further enhances Lakshadweep's appeal as a budget-friendly domestic destination which will cater to the needs and demands of Indians..

As operators of Udman chain of Hotels, the provision of interest-free loans for tourism development and increased allocation for infrastructure projects bode well for economic growth..

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