Search

Indian Hotel Industry – The Next Big Thing

Indian Hotel Industry – The Next Big Thing - 5.0 out of 5 based on 1 vote
User Rating: / 1
PoorBest 

India is a culturally diverse country. From twenty eight states to seven union territories, tourists are spoilt for options. India is blessed with a rich heritage, different cuisines, archeological sites, gracious and welcoming people. Having such a strong aura India allures tourists.  Research report states that tourism is the most exciting tertiary sectors and has a strong foothold in the economy. The tourism sector contributes 6.23 % to the national gross domestic product (GDP) and 8.78 % of the total employment in India. Besides, India stands 42nd in the world rankings in terms of foreign tourist arrivals in the country.

The growth in the tourist industry has given a subsequent rise to hotel industry . It is amongst the fastest growing industry in the world. The hotel industry in India has been a significant industry to the Indian Economy. It is one of the largest foreign exchange earners, to the country and also one of the largest employers, both directly and indirectly. The hotel industry in India is segregated into eight segments based on the terms set by the Ministry of Tourism. They are 5-Star Deluxe, 5-Star, 4-Star, 3-Star, 2-Star, 1-Star, Heritage and Unclassified. On the other hand, the 3-star, 2-star, 1star and unclassified hotels in India are spread across the country and are highly split in nature, and the expensive, mid market and heritage categories are highly structured. The upscale category hotels are primarily present in the metros but now they are expanding to other cities for better profits.

The demand for the hotel rooms is determined by the rise in the number of the domestic and well as the foreign tourists. The traffic of foreign tourists is determined by the growth in Global GDP, increased business transactions with other countries, rise in tourist destinations and government marketing strategies like “Atithi Devo Bhava” & “Incredible India”. Local tourist is the backbone of Hotel Industry as the number of tourists is 100 times more as compared to foreign tourists. Domestic tourists are mainly two types, leisure travelers and business travelers. Growth in leisure travelers is driven by increasing personal income, ever changing lifestyle, growing multi earner in the  family, weekend vacation culture, and improvement in transportation and road connectivity, diverse topography and rich cultural heritage.

Some of the prominent players in the industry are Lemon Tree, Park, Sarovar , IBIS, ginger Hotels Company, East India Hotels, Hotel Leelaventure, Oberoi group and Taj group etc.  The hotel industry is set to raise their bar high by constructing more rooms, opening their franchise in a small tourist area and increasing the efficiency in their staff to get higher profits.

For more information visit, http://www.bharatbook.com/market-research-reports/hotels-market-research-report/indian-hotel-industry.html


Related Articles
Related Articles
For some people, playing an instrument is more than a hobby, it is their life. No matter how careful you are and how much effort you put into conserving the instrument undamaged, there are times when it needs...
Every occasion that involves food should have something special that will crown the menu. Of the gourmet foods enjoyed worldwide, caviar is a special entry. Made of fish eggs, chefs often whip up some of the...
Caviar is sought and circulated all around the world. Through suppliers forming chains through countries in all parts of the world, raw materials for this wonderful and rich delicacy are sent all around....
With today's high energy costs, garage door insulation is equally as precious as anyplace else in your home. The amount of uninsulated garage doors sold continues to decrease as consumers demand energy...
The JET JDP-17 likewise has a solid cast-iron head for general solidness and a premium poly v-belt drive framework to guarantee its execution is constantly smooth and dependable. The drill press features a...
Latest Articles
Latest Articles
Making an informed decision is very important. If you are interested in a choice that offers comfort and insulation for your home, the floors should be the first ones you will focus on. This is where the cold...
Working out is one of the first things many people think of, but they do not always take the time to engage in such a task. They may be too busy, they might not have the time or they may just be too lazy. No...
There are many advantages that you will be able to benefit from if you decide to invest in Cheap Poster Printing, one of them being the fact that you will be able to do what is best for your business without...
Many individuals choose to get to London Stansted airport by bus or any other option that does not require them to pay for a Stansted airport taxi. Interesting enough, this last travelling solution is the...
It does not really matter if you live in London or if you have decided to travel to this wonderful city. The truth is that you will need to find some sort of London Stansted transfer option that will offer...
 


Member Login

RSS