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HOSPITALITY
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Hospitality
refers to the
industry of hotels, Tourism is travel for
restaurants, recreational, leisure
or business purposes
casinos, catering, where people stay for
resorts, clubs and more than 24 hrs and
any other service less than 1 year.
position that deals
with tourists.
India is second of the fastest growing tourism economy in the world today.
(Exclusive research by the World Travel and Tourism Council- WTTC)
3
12/07/2021 Tourism and Hospitality Sector : An Overview
Trends in the Sector
In INR Crores Investment Trend
40000
35000
30000
25000
Investment
20000
15000
10000
5000
0
Dec/97 Dec/99 Dec/01 Dec/03 Dec/05 Dec/07
4
12/07/2021 Tourism and Hospitality Sector : An Overview
Global Trends
8
12/07/2021 Tourism and Hospitality Sector : An Overview
Industry Outlook
Growth
It
Theis bnumber
India ein in
is gfast tourism
p red will
ictetourists
d that
becoming
of
In dia may a chieve an
definitely
visiting
the hottest
Indialead is to a
tourist
average growth of 12 % per
estimated
destination
boom
annu m in
tointouch
intohotels the many
urism forand
the
figuretoofcome
region
restaurants
years 4.4 million
A
ste
ady
gro
wth
of
ab
out
10
%
in
ne
w
hot
el
pro
ject
s is
exp
ect
ed
for
the
nex
t
few
yea
rs
10
12/07/2021 Tourism and Hospitality Sector : An Overview
Challenges faced by the industry
Indian Tourism and Hospitality Industry is still way behind even from
its small neighbors in South-East Asia, not to mention the large
counterparts like China
India has a rich cultural heritage. The "unity in diversity" tag attracts
most tourists.
The government has realized the importance of tourism and has given
priority to the development of the infrastructure and of new tourist
destinations
The internal security scenario and social unrest also hamper the
foreign tourist arrival
15
12/07/2021 Tourism and Hospitality Sector : An Overview
THREATS
Several international majors are entering the Indian markets. This will
increase the competition for the existing Indian hotel majors.
ITDC Hotels
Thomas Cook
Expo
rt
earni
ngs
from
intern
ation
al
visito
rs
and
touris
m
good
s are
expe
cted
to
gene
rate
6.0
per
cent
of
total
expor
ts
(almo
st
US$
16.9
billio
n) in
2009,
growi
ng
(nomi
nal
terms
) to
US$
51.4
billio
n in
2019.
Now, foreign medical tourists To strengthen the Indian Tourism ministry has also
will be offered one additional tourism sector ahead of the asked overseas offices to
treatment for free. Apollo, Commonwealth Games in
promote rural tourism
Manipal, Moolchand, Fortis 2010 and to double foreign
and Wockhardt among tourist arrivals from 5.37
sites which will also
others have forwarded their million in 2008 to 10 million benefit local community
proposals for the same. by 2010 economically.
In order to boost the tourism sector in the East and North East, Union
ministry of tourism has increased fund allocation further in these two
regions.
12/07/2021
Tourism and Hospitality Sector : An Overview 26
Products of the Tourism and
Hospitality Sector
Star Rated Hotels
Heritage Hotels
Budget Hotels
Unclassified
Restaurants
Contract Catering
12/07/2021
Tourism and Hospitality Sector : An Overview 28
Latest developments in the industry
100%
FDI
100% A five year
tax holiday
under the FDI is has been
automati now extended
c route is to
permitt Companies
now
ed in all that set up
permitted hotels,
in all airport resorts and
constructi develo convention
on pment centers at
develop specified
project destination
ment
projects s s
Have smart, computer literate friendly immigration officers who will ensure that a
tourist need not wait more too long in the immigration queue.
Build more three star functional clean hotels with friendly affordable tariffs.
FDI in hotels was always allowed, but opening of real estate will allow
more investment in this sector
Takeover 09 Jun 2009 Sterling Holiday Resorts Indus Hospitality Fund Ltd
(india) Ltd.
Takeover 28 Apr 2009 Sterling Holiday Resorts Indus Hospitality Fund Ltd
(india) Ltd. & Blue Ocean Investment
Trust
Takeover 22 May 2009 B W Highway Star Pvt. Ltd. Kamat Hotels (india) Ltd.