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Vijay Thacker has his fingers firmly on the pulse of the market. A large of the industry depends on his analysis and consultancy to make big decisions. And to think that Thacker, a chartered accountant with over 38 years of experience in public accounting, has no background in hospitality. Yet, for over three decades now, he has worked as a consultant in the hotel and tourism industries and is valued for his expert opinion. The hospitality veteran consults the industry on transactions, valuation and advisory services.
Under his leadership, Horwath HTL also offers internal audit and risk consulting services. Horwath’s incisive hospitality industry reports are much in demand. Their recent reports plump for the mid-market segment, which today accounts for 43 per cent of all branded rooms in the country. The consultancy also helps smoothen out owner operator relationship, offering a perspective from both ends of the corner. “The Indian hospitality industry presents several opportunities, including geographic and product diversification, as well as the spread and expansion of its global footprint. Also, opportunities offered by the digital world and creating a blend of products because users often don’t know what they want.” A cautious risk-taker, he often guides his clients to take calculated and measured risks, consistent with their risk appetite and long-term objectives.
Thacker says he is often working and travelling; taking time off is an alien concept for him. Instead, he indulges in long walks, watches sports and reads regularly.