It is a good time to be part of the impressively growing hospitality and tourism industry in India. With the visa-on-arrival policy propelling this growth, World Travel and Tourism Council (WTTC) sees an above average growth for this sector in India. WTTC's Annual Economic Impact Report, 2014 says that Travel & Tourism's economic contribution is set to grow by 7.3% in 2014.
Growth snapshot:
While talking about travel and tourism, India has all the aspects needed to become a preferred tourism destination globally as the total market size of tourism and hospitality industry in this Asian country is soaring to touch US $ 418.9 billion by 2022. Additionally, medical tourism in India is also projected to grow at a compound annual growth rate of around 20% during 2013 to 2015.
What is in store for hotel sector?
What is in store for hotel sector?
In a country like India, travel and tourism sector is set to witness new growth. Several studies indicate that the hotel industry has been registering growth at a cumulative annual growth rate of 14% every year.
Looking at above mentioned positive growth trends of the industry, we can surely conclude that good days are ahead for hospitality industry in India. Read More
Looking at above mentioned positive growth trends of the industry, we can surely conclude that good days are ahead for hospitality industry in India. Read More
Published in: GoArticles.Com
No comments:
Post a Comment