Hospitality Industry Growth And Development

The Indian hotel industry is affecting the economy both directly and indirectly. The growth of the hotel industry in India has created employment opportunities for millions of Indians. According to estimates almost 20 million people are employed with the hotel industry in India. Over the last decade and half the mad rush to India business opportunities has intensified and elevated room rates and occupancy levels in India. Even budget hotels are charging USD 250 per day. The successful growth story of ‘Hotel Industry in India’ seconds only to China in Asia Pacific. ’Hotels in India’ has a supply of 110,000 rooms. According to the India tourism ministry, 4.4 million tourists visited India in 2009 and the figure went upto almost 10 million in 2010. ‘Hotels in India’ has a shortage of 150,000 rooms fueling hotel room rates across India. The book looks at the impact hospitality has on the economic, social, and cultural status of the travel destination.