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
Interested in getting a degree? Whether you’re a recent or soon-to-be high school graduate, already have an established career but want to add to your education to get ahead or making a career...
Are you a new or recent high school graduate looking to continue your education? Been in the workforce for a while but want to pursue a degree to help you get ahead or make a career change, or an...
Sleeping poorly? Feeling achy and tired when you wake up? The problem could be your mattress. If yours is more than a decade old-it’s too old! Time to shop for a new one but what to buy? There...
How’d you sleep last night? If you’re like many Americans your answer might not be very positive. Too often toss and turn at night and then we wake up with aches and pains or feeling less...
The market scenario of today is filled with criminal activities of varied nature. It is pertinent that every individual owns the responsibility to implement high tech communications for providing protection to...
Latest Articles
Latest Articles
Schools are amazing place for little growing kids to get array of experiences. As a parent we always look for safe day care centres and good quality education learning academy. A good Kindergarten school...
Not many people in Indian motion pictures could get the normal for the fussbudget; however this specific singular hailing from Mumbai, India has snatched the name for himself. He's a multi-capable solitary, a...
SSI or supplemental security income may not be as widespread a program as, say, SNAP (otherwise known as food stamps), but that is simply because it serves a much smaller group of qualifying...
Known as SSI for short, supplemental security income is the government-issued stipend which 8 million Americans today collect due to age or disability. What were once state-run programs until the...
When working from home, different people work in very different ways – some like to be extremely organised, with a filing place for everything and everything filed in its place. Others like to be...
 


Member Login

RSS