| - Opportunities | | | | thrust. The industry is growing at a very rapid pace |
| - Applicable laws/regulatory policies. | | | | and there is a demand for more rooms both in |
| Introduction | | | | metros and smaller towns. It is estimated that India is |
| Hotel Industry in India is witnessing tremendous | | | | likely to have around 40 international hotel brands by |
| boom in recent years and going through an | | | | 2011. |
| interesting phase. One of the major reasons for the | | | | India's booming hospitality industry has transformed |
| increase in demand for hotel rooms in the country is | | | | into a veritable basket of the choicest of rooms, |
| the boom in the overall Economy and high growth in | | | | food and beverage, health and business facilities, |
| sectors like information technology, telecom, retail | | | | travel packages and everything that you can think of. |
| and real estate. Rising stock market and new | | | | New global entrants are vying with existing local |
| business opportunities are also attracting hordes of | | | | players to provide world-class services at prices |
| foreign investors and international corporate travelers | | | | suited to every pocket. |
| to look for business opportunities in the country | | | | An estimated 4.4 million tourists are expected to visit |
| particularly growth in tourism sector. As hotel industry | | | | India with an annual average growth rate of 12% in |
| is inextricably linked to the tourism industry and the | | | | the next few years. The domestic tourist market is |
| growth in the Indian tourism industry has fuelled the | | | | also flourishing. The commonwealth games in 2010 will |
| growth of Indian hotel industry. | | | | add to the demand for quality accommodation. |
| Explosive economic growth in India ignites | | | | The Government of India's Incredible India destination |
| unquenchable demand for hotel rooms. With huge | | | | campaign and the Atithi Devo Bhavah campaign have |
| investments flowing into India for the development | | | | also helped the growth of domestic and international |
| of infrastructure such as roads, highways, airports | | | | tourism and consequently the hotel industry. |
| and convention centers, interest in hotel | | | | The opening up of the aviation industry in India has |
| developments is hitting new highs as tourism, | | | | exciting opportunities for hotel industry as it relies on |
| business and travel are on the rise. | | | | airlines to transport 80% of international arrivals. The |
| The booming tourism industry has had a cascading | | | | government's decision to substantially upgrade 28 |
| effect on the hospitality sector with an increase in | | | | regional airports in smaller towns and privatization |
| the occupancy ratios and average room rates. And | | | | & expansion of Delhi and Mumbai airport will |
| with the continuing surge in demand, many global | | | | improve the business prospects of hotel industry in |
| hospitality majors have evinced a keen interest in the | | | | India. And the upgrading of national highways |
| Indian hospitality sector. It is estimated that India is | | | | connecting various parts of India has opened new |
| likely to have around 40 international hotel brands by | | | | avenues for the development of budget hotels in |
| 2011. | | | | India. Taking advantage of this opportunity Tata |
| Opportunities | | | | group and another hotel chain called 'Homotel' have |
| The spurt in India's tourism industry growth has had a | | | | entered this business segment. |
| ripple effect on its hospitality sector. Rising income | | | | If you want to read article go to second part of this |
| levels and spending power combined with the | | | | - Information of hotel industry laws in india - part2. |
| governments open sky policy have provided a major | | | | |