As Indian economy is booming, the tourism industry is also growing and so is the number of hotel rooms. Overseas visitors are flooding the country to attend conferences, make important deals, or just on a vocational tour-to see the caves of Ajanta & Ellora or visit the ethnic Rajasthan, where each fort has it’s own story to tell. Domestic airways are promoting low-fare airline packages, making possible for more Indians to board flights.
To accommodate these travelers the number of hotel rooms in India is just 110,000. However, the hotel rooms in China is 10 times more than that in India while US has 40 times more rooms. It is estimated that the number of hotel rooms in India is equal to those in New York’s metropolitan region.
Due to this shortage, prices of hotel rooms rise to an all time high during peak seasons. This is also leading to some of the world’s best-known hotel’s like- Hilton, Accor, Pan Pacific, Wyndham, to invest in India’s hospitality industry.
The shortage is pushing peak season rates for basic rooms into the stratosphere, by Indian standards, and attracting some of the world’s best-known names in hotels Accor, Hilton, Wyndham, Pan Pacific to invest heavily in India.
As per the RNCOS report “Indian Tourism Industry Outlook (2006)”, The Indian tourism industry has out performed the global tourism industry in terms of growth in the volume of international tourists as well in terms of the revenue. The world travel and tourism council (WTTC) has named India along with China as one of the most fastest growing tourism industries for the next 10 to 15 years.
For further information about Indian Tourism Industry please read the report “Indian Tourism Industry Outlook (2006)” published by RNCOS at http://rncos.com/Report/IM039.htm
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