Indian Hotel Industry, 2008
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Indian Hotel Industry, 2008
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Category: Asia Pacific - India - Industry economy -
Figures / Studies
This is a press release selected by our editorial committee and published online for free on 2008-11-06
Global travel increased by 6% in 2007 compared with 2006, crossing tourism forecasts for the fourth year in succession. Among the various regions, the Middle East registered the highest growth in arrival of international tourists with 46 million tourists compared with 41 million in 2006, a growth of 12.2%.The opening up of the aviation industry in India has resulted in exciting opportunities for the hotel industry.
The report starts with the global hotel industry to give a perspective of the Indian hotel industry in the global context. The report covers hotels industry structure, trends in growth of industry turnover, major players, regulations, demand-supply scenario, growth drivers, issues and challenges, critical success factors and foreign direct investment trends from Indian perspective. It also gives a glimpse of proposed investments by domestic and foreign players in the hotel industry of India. The report also covers various emerging concepts in India such as service apartments, spas, medical tourism, wildlife resorts, cruise tourism, adventure tourism etc. An analysis of the industry performance is made on critical business parameters like occupancy rates, revenue per available room (RevPAR) and average room rates (ARR) and comparisons have been made with global trends. The report also analyses the performance of the industry across major markets, and profiles the major players in the industry.
The report will be useful for hotel & restaurant players, real estate companies interested in venturing into hotel business, commercial and investment banks, business analysts, consultants, investors and hotel management colleges and students.
Key Findings & Highlights
- The share of Travel & Tourism industry to the global GDP was 6.48% in the year 2007 with value of US$ 3,493.19 billion and industry demand contributed to 13.21% of global GDP in 2007.
- Middle East was the fastest-growing region in terms of arrivals of international tourists during 2007.
- According to the report by World Travel and Tourism Council, India currently ranks 18th in business travel and will be among the top 5 nations by the end of 2010.
- ASSOCHAM has projected that Medical Tourism is likely to become the leading foreign exchange earner for India
- India is now emerging as one of the hot destinations for medical
- tourism after Singapore, Thailand, Hong Kong, Malaysia, Philippines, Columbia
Reasons to Buy
- Spot Investment opportunities
- Reveals demand trends and assess the average occupancy rates of branded hotels
- Get a thorough understanding about the industry & the most popular destination for the international tourists
- Know the corrective measures for sustainable growth in the industry
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