Hotel and Hospitality Projects
In the last few years, India has been experiencing a boom in Tourism and Hospitality Sector due to an increase in international tourist arrivals and an increase in Indians traveling abroad. If you’re interested in taking advantage of this growing sector, here are some important factors to consider when you’re making your business plan.
The Indian tourism and hospitality industry has emerged as one of the key drivers of growth among the services sector in India. Tourism in India has significant potential considering the rich cultural and historical heritage, variety in ecology, terrains and places of natural beauty spread across the country. Tourism is also a potentially large employment generator besides being a significant source of foreign exchange for the country. As of 2019, 4.2 crore jobs were created in the tourism secto
The Indian hospitality industry has emerged as one of the key industries driving the growth of the services sector and, thereby, the Indian economy. The tourism & hospitality sector’s direct contribution to GDP in 2016 was US$ 47 billion. Also, tourism in India accounts for 7.5% of the GDP & is the 3rd largest foreign exchange earner for the country.