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Indian Hotel Industry

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[pic][pic]Hotel Industry In India

Below is one of our free research papers on Hotel Industry In India. If the term paper below is not exactly what you're looking for, you can search our essay database for other topics or order a custom essay.

Hotel Industry In India

The hotel industry in India is going through an interesting phase. One of the major reasons for
the increase in demand for hotel rooms in the country is the boom in the overall Economy and
high growth in sectors like information technology, telecom, retail and real estate. Rising stock
market and new business opportunities are also attracting hordes of foreign investors and
international corporate travellers to look for business opportunities in the country.
Hotel industry is also inextricably linked to the tourism industry and its growth has added fillip to
the hotel industry. And with Conde Nast Traveller ranking India as the fourth most preferred
travel destination and Lonely Planet selecting the country among the top five destinations from
167 countries, India has finally made its mark on the world travel map.
The arrival of low cost airlines and the associated price wars have given domestic tourists a host
of options. The opening up of the aviation industry in India has led the way for exciting
opportunities for the hotel industry as it relies on airlines to transport 80% of international
arrivals.

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Moreover, the government’s decision to substantially upgrade 28 regional airports in smaller
towns and...