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Indian Hotel Industry Financial Year 2007. Hotel Industry of India I have
taken the hotel industry of India in my assignment as i ...
... It is also usual in the franchising and hotel industry. ... growing use of IT and software
development industry. ... Related Laws Cyber Law: The Indian government has ...
... According to global hotel and hospitality consulting firm, HVS ... and high landing charges
applicable in Indian airports. ... a hand to the growth of the industry. ...
... address sales support, airline/hotel reservations, technical ... 6,439 12,563 24,230
78.91 Indian BPO Revenue ... 58,598 11,854 20% Source: Industry Sources, Merill ...
... is little doubt that future prospects for Indian tourism are ... on Leisure 1999-2004
3. INDUSTRY ISSUES 3.1 ... Hotel Players ? RevPAR Table 52 Key Hotel Players by ...
Submitted by xs2diva on August 3, 2008
Category: Business
Words: 945 | Pages: 4
Views: 55
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Hotel Industry of India
I have taken the hotel industry of India in my assignment as i was really amazed by their progress.
The travel and hospitality industry continues to be the sector, which has largely profited from the fast growing economy of India. This has largely been due to the 4.4 m tourist arrivals in Financial Year 2007 (13% growth) over the previous period. The compounded growth in tourist inflow over the last ten years (FY97-FY07) has been 4.3%, while in the last five years, growth stands at 11.6% per annum. The hotel industry went through a rough patch between FY00 to FY04 owing to factors like the Asian financial crisis, Afghan war, Middle East unrest, September 11 attacks, SARS and domestic riots
India occupies the forty-sixth position among the sixty tourist destinations in the world. The flourishing economy helped boost the demand for the industry. Also, Efforts to diversify tourist attractions by offering new products such as adventure tourism, wellness tourism, medical tourism and golf tourism are expected to have a positive effect on both foreign tourist arrivals and domestic tourism.
As per the 2004 findings, the total number of approved rooms by the Government of India stands at around 99,000 (estimated). These rooms are further classified into various segments out of which, Five star and Five star deluxe hotels account for around 27% of the total capacity, three star hotels (22%), four star (8%), two star (9%), one star and Heritage hotels (2% each) and the rest is divided between unclassified and unapproved hotels
The five star hotel segments have grown the fastest during the last five years at a CAGR of 12%. Further this segment can be divided into 3 sub-segments namely Luxury, Business and Leisure. The growth in this segment indicates the genre of travelers coming into the country. Over the last few years the country has witnessed a large influx of business travelers in the country owing to...
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