Hyderabad: City of pearl, the metropolis of South India, has been in the news a lot in recent times. Especially here due to continuous industrial growth, the interest of young entrepreneurs towards the city has been increasing with coming days. Recently, Hyderabad is declared the most popular city in the country in ‘Travelopedia 2023’ of tech-based hotel company Oyo. While Bengaluru remained at second place. It is clear that Hyderabad city has got preference over Bengaluru in terms of popularity as well as business expansion.
According to ‘Travelopedia 2023’, Hyderabad has emerged as the most booked city in India. This is followed by Bengaluru, Delhi and Kolkata. On the other hand, smaller cities like Gorakhpur, Digha, Warangal and Guntur saw the highest YoY booking growth. Oyo said that Jaipur remained at the forefront of popular holiday destinations in 2023. It was followed by Goa, Mysore and Puducherry.
Especially if we talk about Hyderabad, tourists from outside generally come here for work rather than for sightseeing. This is a clear indication that small enterprises are getting better opportunities to flourish in Hyderabad, that is why people from other cities keep coming here for business or work throughout the year.
Experts say that the way airport traffic is increasing annually in Hyderabad also gives a good message. Inflow of outsiders into any metropolis helps in boosting the economy. Industries like hospitality, transport, food etc. directly benefit from this travel inflow. Due to the immense business possibilities in Hyderabad, startups have got the courage to flourish.
It is believed that Hyderabad gets advantage due to its geographical location. Along with the climate of the far southern region of the country, all the facilities are available here. Good means of transport and diversity of food and language attract friendly people here, these welcoming outsiders. There are many tourist centers in Hyderabad where people like to roam. If we talk about marketing, along with retail, wholesale markets are also quite organized in the metropolis. Due to which retailers from many cities of the country come here to buy goods in bulk.
Economic experts say that the kind of positive signals are being received regarding Hyderabad. In such a situation, if the government pays attention, it will not be difficult for the youth to set up startups in the metropolis. The biggest inconvenience for startups is apprehension that the flow of income may reduce. If this happens, the enterprise cannot run for a long time due to lack of capital and has to be closed. Whereas experts say, risks associated with startups are less in Hyderabad. Even if there is some loss, it can be compensated by using other means of earning easily possible in this city.
– Vijay Kumar
