Indian Hotel Industry

Introduction

The global travel increased by 6% in 2007 compared with 2006, crossing tourism forecasts for the fourth year in succession. Among the various regions, Middle East registered the highest growth in arrival of international tourists with 46 million tourists compared with 41 million in 2006, a growth of 12.2%.The opening up of aviation industry in India has resulted in exciting opportunities for hotel industry.

Key Findings & Highlights

• The share of Travel & Tourism industry to the global GDP was 6.48% in the year 2007 with value of US$ 3,493.19 billion and industry demand contributed to 13.21% of global GDP in 2007.
• Middle East was the fastest-growing region in terms of arrivals of international tourists during 2007.
• According to the report by World Travel and Tourism Council, India currently ranks 18th in business travel and will be among the top 5 nations by the end of 2010.
• ASSOCHAM has projected that Medical Tourism is likely to become the leading foreign exchange earner for India
• India is now emerging as one of the hot destinations for medical
• tourism after Singapore, Thailand, Hong Kong, Malaysia, Philippines, Columbia

Reasons to Buy

• Spot Investment opportunities
• Reveals demand trends and assess the average occupancy rates of branded hotels
• Get a thorough understanding about the industry & the most popular destination for the international tourists
• Know the corrective measures for sustainable growth in the industry