Indian Hotel Industry - Essay Example

Only on StudentShare

Extract of sample
Indian Hotel Industry

According to the Ministry of Tourism of India, there is a scarcity of 150,000 hotel rooms in the country. The increased demand of hotels in the country has appeared due to the high demand for hotels in the country has emerged mainly because of the brisk expansion in the tourism business which comprises of 75% of the overall tourism industry in India. According to the estimates provided by Ministry of Tourism and Industry, the occupancy rates of hotels in Bangalore shot up from 64% to 79% between 2001 and 2005, whereas in Bombay and New Delhi it increased from 52% to 74% and from 53% to 80% respectively.
Eyeing the great potential in the Indian Market, world's renowned hotel chains viz. ITC, Accor and Hilton and are penetrating on a broad scale in the Indian hotel industry whereas, Eastern Mandarin, Golden Tulip and Four Seasons are exploring a variety of growth prospects in the country. Accor has recently publicized the formation of two joint-ventures in India where the first is in corporation with Emaar Mfg and entails construction of 100 hotels up to 2015. These hotels will be working under the brand name of 'Formule1' with a per room tariff of USD 20- USD 30 per night. ...Show more

Summary

Indian Hotel Industry has perceived remarkable boom in recent years. Hotel Industry is unswervingly linked to the tourism industry. The upbeat in the Indian tourism industry has invigorated the growth of hotel industry in India. The blossoming economy and improved business opportunities in India have worked as a windfall for Indian hotel industry…
Author : faypfannerstill
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Indian Hotel Industry"
with a personal 20% discount.
Grab the best paper

Related Essays

Marketing in Hotel Industry
An organization business success largely depends on how efficiently the products and services are delivered to customers and how differently do the customers perceive the difference in delivery in comparison to the competitors.
6 pages (1500 words) Assignment
International Hospitality Business
Pre-February 2006, Hilton Hotels Corp. had run Hilton hotels in the USA, plus other hotels in the US & globally. In February 2006, Hilton Hotels Corp. bought all of Hilton Group's Hilton hotel operations outside the US. Hilton Hotels Corporation is the top international hospitality company, with more than 3,000 hotels in 76 countries and territories worldwide.
8 pages (2000 words) Case Study
Hotel and Hospitality industry
ii. The looming threat of terrorism creates security concerns in the minds of the prospective visitor. So, he tries to avoid the visit at times owing to the level of threat perception and travel advisory from respective governments. 1. Angelus Hotel started its operations since September 1999.
8 pages (2000 words) Assignment
Measuring Customer Satisfaction in the Hotel Industry
However, in 2009, the strong and usually sturdy industry has had its share of losses with a sizeable decline in leisure and corporate travel (Deloitte Touche Tohmatsu). Worse, the industry is showing to be susceptible to economic downturns in contrast to its resilience in the past years (Deloitte Touche Tohmatsu).
7 pages (1750 words) Essay
The Hotel Industry
The paper presents that hotel industry provides lodging services paid on a short-term basis. The industry offers other services including accommodation, transportation, restaurants, cruise line, entertainment, and event planning. Customers visit hotels for recreational purposes, although others may stay there while attending official functions.
1 pages (250 words) Assignment
Integrated Seminar in Hospitality and Tourism Management
Entrepreneurs enjoy security in developing new products and brands. The legal security combined with the use of the English language in negotiations and investment deals across the country and abroad has led to the development in many
3 pages (750 words) Case Study
Find out how much would it cost
to get a custom paper written by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT