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    Praneh Chordia
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    The hospitality sector in India is expected to grow at 8% annually through 2016, generating $424 billion from foreign travelers by 2015 and $63 billion from Indian domestic and international travelers. The sector will see $11.41 billion investment over two years, creating over 400,000 jobs through more than 40 new international brands. The government is supporting tourism development through a 540 crore rupee budget and national "Incredible India" campaign to promote domestic and international tourism.

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    HOSPITALITY SECTOR IN INDIA

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    The hospitality sector in India is expected to grow at 8% annually through 2016, generating $424 billion from foreign travelers by 2015 and $63 billion from Indian domestic and international travelers. The sector will see $11.41 billion investment over two years, creating over 400,000 jobs through more than 40 new international brands. The government is supporting tourism development through a 540 crore rupee budget and national "Incredible India" campaign to promote domestic and international tourism.

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    19 views1 page

    Hospitality Sector in India

    Uploaded by

    Praneh Chordia
    The hospitality sector in India is expected to grow at 8% annually through 2016, generating $424 billion from foreign travelers by 2015 and $63 billion from Indian domestic and international travelers. The sector will see $11.41 billion investment over two years, creating over 400,000 jobs through more than 40 new international brands. The government is supporting tourism development through a 540 crore rupee budget and national "Incredible India" campaign to promote domestic and international tourism.

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    HOSPITALITY SECTOR IN INDIA: OVERVIEW

    • expected to grow at the rate of 8% between 2007 and 2016-The World Travel
    and Trade Council

    • revenue from foreigners traveling to India is expected to grow to $424 billion


    by 2015.Indians traveling in India as well as abroad are expected to spend
    $63billion by 2015

    • Sector is expected to see investment of $11.41 billion in next two years with
    more than 40 international brands making their presence in the country,
    providing over 400,00 jobs.

    • The government has proposed a budget of Rs. 540 crore for the development
    of the industry, priority to the development of the infrastructure and of new
    tourist destinations and circuits. The Department of Tourism (DOT) has
    already started the "Incredible India" campaign for the promotion of tourism
    in India and spent $5 million on this campaign since December 2002 and
    plan to keep it going.

    • Allowance of 100% FDI in the sector brings a lot of investment opportunities.

    • Average Room Rate (ARR) of hotels in India is increasing at the rate of over
    20% almost equal to that of hotels in developed countries such as US and
    Europe.

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