The Indian tourism and hospitality industry has materialized as one of the key drivers of growth among the services sectors in India. It contributes to 6.23 percent to the National GDP and 8.78 percent of the total employment in the country. Functional growth and improving standards have gained the hospitality industry of India approval all over the world.
Tourism in India has generated immense employment opportunities and is a vital source of foreign exchange for the country. The travel and tourism industry contributed Rs. 2.17 trillion (US$ 36 billion) or 2 per cent to the country's gross domestic product (GDP) in 2013. The figures are expected to rise to Rs. 4.35 trillion (US$ 72.17 billion) by 2024.
The Indian hospitality sector has been growing at a cumulative annual growth rate of 14 per cent every year adding significant amount of foreign exchange to the economy.
Factors Responsible for Growth
• Rising income in households
• Increase in niche tourism such as eco-tourism, luxury tourism and medical tourism
• Tourism and hospitality sector attracted second highest FDI i.e. US $3.2 billion in the year 2013
• 100 percent FDI allowed through automatic route in hotel and tourism sector
• Diversity of the country attracts an ever increasing number of tourists every year
Niir Project Consultancy Services
An ISO 9001:2015 Company
106-E, Kamla Nagar, Opp. Spark Mall,
New Delhi-110007, India.
Email: firstname.lastname@example.org , email@example.com
Tel: +91-11-23843955, 23845654, 23845886, 8800733955
Website: www.entrepreneurindia.co , www.niir.org
Resort Hotel, Seaside Resorts, Timeshare Resorts, Hospitality, Destination Club, Resort Architecture, Sanatorium (Health Resort), Spa (Disambiguation), Vacation Rentals, Tourist Resort, Holidays or Recreation, How to Start a Resort Business, Resort Business Plan, Hotel Resort Business Plan, Resort Business Opportunity in India, Starting a Resort Business, Tourism & Hospitality Industry in India, How to Start Your Time Share Business, How to Start Timeshare Business, Hotel and Timeshare Resorts, Hospitality industry, Holiday Resort in India, Most Famous Holiday Resort in India, Best Holiday, Free Holiday Resort Business Plan, Investment Opportunity in Holiday Resort Business, Holiday Resort project ideas, Projects on Small Scale Industries, Small scale industries projects ideas, Resort Hotel Based Small Scale Industries Projects, Project profile on small scale industries, How to Start Timeshare Industry in India, Holiday Resort Projects, New project profile on Timeshare Business, Project Report on Timeshare Industry, Detailed Project Report on Timeshare Business, Project Report on Holiday Resort, Pre-Investment Feasibility Study on Resort Hotel, Techno-Economic feasibility study on Resort Hotel, Feasibility report on Timeshare Business, Free Project Profile on Timeshare Business, Project profile on Holiday Resort, Download free project profile on Resort Hotel, Industrial Project Report, Startup Project for Holiday Resort, Hotel Tourism and Hospitality Industry