Indian economic front has witnessed ups and downs in the past decade. However, it would not be incorrect to say that the country has shown significant growth and stability over the years. Apart from the IT and Service industry that controls the economy and development of the nation in a large way, the hotels in India have grown up and paved the path to a successful industrial growth. The Indian hotel industry is a $17 billion industry, according to the current market value. 30% of this sector has been organized. In addition, 20 more international brands are likely to invest in the Indian hotel industry in the next 2 years. With the organized sector, the 5 Star Luxury Hotels in India contribute to 58% of the market share.
The Indian hotel industry has been lined to tourism industry, as both these sectors of business go hand in hand. The thriving Indian economy and improved business opportunities have been a boon for the Hotels in India and the entire hotel industry too. The advent of low budget airlines and reduced price rates has given more options to travelers to visit different parts of India and stay in some of the finest 5 Star Hotels. Together, it has been one of the growing phases for the Indian economy that has consequently boosted the hotel industry in a constructive way.
In the past few years, the Indian government has invested in different spheres of work to increase revenue. It has also taken many steps for bossing the tourism and travel industry that has benefited the heat industry in return. With the abolishment of inland air travel taxed and reduced excise due on aviation fuel, it has become easier for the travelers to enjoy some major benefits. 5 Star Luxury Hotels in India have also encouraged travelers to pick up some of the best deals in the Indian scenario.
With the opening of the aviation industry, India has also increased opportunities for the Hotels in India and the entire hotel industry to get better returns. The 5 Star luxury hotels in India relied entirely on the internationally arrivals, which contributes to approximately 80 percent of the profit earned. The government has decided to upgrade the regional airports substantially in some of the small towns; privation and expansion of the airports in Mumbai and Delhi have also been considered as two of the most important business decisions to be taken. It will have a major impact on the Indian hotel industry. Substantial investment ensures the growth of tourism industry and infrastructure, which is essential for 5 Star Hotels in the Indian hotel scenario. Up-gradation of the national highways that connects India to different parts of the world has opened u new avenues to develop budget hotels and 5 Star hotels in the country.
The Indian hotel industry has been lined to tourism industry, as both these sectors of business go hand in hand. The thriving Indian economy and improved business opportunities have been a boon for the Hotels in India and the entire hotel industry too. The advent of low budget airlines and reduced price rates has given more options to travelers to visit different parts of India and stay in some of the finest 5 Star Hotels. Together, it has been one of the growing phases for the Indian economy that has consequently boosted the hotel industry in a constructive way.
In the past few years, the Indian government has invested in different spheres of work to increase revenue. It has also taken many steps for bossing the tourism and travel industry that has benefited the heat industry in return. With the abolishment of inland air travel taxed and reduced excise due on aviation fuel, it has become easier for the travelers to enjoy some major benefits. 5 Star Luxury Hotels in India have also encouraged travelers to pick up some of the best deals in the Indian scenario.
With the opening of the aviation industry, India has also increased opportunities for the Hotels in India and the entire hotel industry to get better returns. The 5 Star luxury hotels in India relied entirely on the internationally arrivals, which contributes to approximately 80 percent of the profit earned. The government has decided to upgrade the regional airports substantially in some of the small towns; privation and expansion of the airports in Mumbai and Delhi have also been considered as two of the most important business decisions to be taken. It will have a major impact on the Indian hotel industry. Substantial investment ensures the growth of tourism industry and infrastructure, which is essential for 5 Star Hotels in the Indian hotel scenario. Up-gradation of the national highways that connects India to different parts of the world has opened u new avenues to develop budget hotels and 5 Star hotels in the country.
