INDIAN HOTEL INDUSTRY IN INDIA According to recent estimates of the universe of discourse Travel & Tourism Council (as of early 2005), Indian tourism need lead grow at 8.8% over the next ten-spot years, which would place the country as the second most cursorily growing tourism market in the world. With the Indian hotel diligence capturing the attention of the world, let us understand its strengths, weaknesses, opportunities and threats. Strengths Indias generous culture heritage: With a historical backdrop of 5,000 years, India is star big package of culture and legend that never fails to charm the imagination of the visitor. Along with endless natural splendors like the right Himalayas, the vast Indo Gan lounge aroundic Plains, lush tropical jungles and a long coastline. A visit to the country is a changing spectacle of religions, customs, festivals, sights and sounds. Demand give gap: Indian hotel industry is currently facing a mismatch between the demand and supply of live star(p) to higher room rates and occupancy levels. With 95,000 odd rooms in the country, the sizing of the hotel industry represents an abysmal figure for Indias size and growth prospects. Though new capacities are expected to make sense in the next five years demand will outpace supply in the short to medium term. The carry over below highlights that, over the last 24 months, major cities in the country have witnessed impressive growth in bonnie room rates, due to strong demand and not more than addition to supply.
ARRs: Average growth rate  | FY02 | FY03 | FY04 | FY05 | Delhi | -4.2% | -5.7% | 2.3% | 31.4% | Mumbai | -11.2% | -15.2% | 2.2% | 28.7% | Bangalore | 3.7% | 15.1% | 11.7% | 29.1% | Chennai | -6.9% | 6.6% | 5.4% | 6.4% | Goa | -8.2% | 12.1% | 9.8% | 18.4% | source HVS international Government remain firm: Till a few years ago, the Indian government had a total apathy towards promotion of... If you want to get a full essay, order it on our website:
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