According to the World Travel &
Tourism Council, travel & tourism will provide 40 million jobs
in India by 2018. |
The revenue for the Indian hotel &
restaurant industry (or hospitality industry) in 2006-2007 was US
$118.85 million.. |
Over 4.6 million foreign tourists visited
India in 2006-2007, posting 13% growth over the previous year
(Source: Economic Survey for 2007-2008). |
The industry shall grow rapidly & will
be worth US $158.49 million by 2010. |
Currently, India needs 240,000 hotel
rooms, but only 90,000 rooms are available (according to a report in
Outlook Business). |
By 2011, 40 international hotel brands
shall have a presence in India, according to a report by Ma Foi
Management Consultants. |
Moreover, the sector is expected to
provide over 400,000 jobs. |
With land prices coming down & a huge
opportunity for quality hotels, many global hotel players are
announcing new projects in India. |