Hotel Industry in India

Hotel Industry In India - Is The Growth Story Intact? twinge: For the past few years, the boom in Indias hospitality industry has been fuelled by a favourable economic and semipolitical situation. India has witnessed a strong gross domestic product growth of around 8 per cent in the past 4 years. A GDP growth of 9.4 per cent was witnessed in 2006-07, thus creating a filter down effect for the growth of support industries such as hospitality. The thriving economy will increase the spending federal agency and fuel the growth in tourism. The number of households with annual income great than Rs 1 million is expected to grow at a CAGR of 15 per cent between 2006-07 and 2010-11, which will boost domestic inbound travel and lead to higher take on for hotel cortege. dishearten of Contents: Sections Large room additions to depress line levels, rank in the medium term Executive summary 1.0 Agra: Occupancy frame and ARRs to improve Seasonality of business and high dependence on holidaymaker traffic - A key challenge for hotels in Agra MICE act to increase; however, Agra will remain a predominantly tourist term Room demand expected to grow at a CAGR of 9 per cent 2.

0 Ahmedabad: Hoteliers gearing up; Occupancy grade to dip in the medium term Higher occupancy rate and hence higher RevPARs over the next 2 years Post-2008-09, some moderation in room rates expected 3.0 Bangalore: In for correction Unprecedented growth in ARRs Bangalore to witness dip in occupancy rates in 2009-10; Correction in ARRs 4.0 Chennai: Supply glut; RevPARs to drop Chennai city: lease drivers IT/ITeS sectors to boost demand Supply additions growth to outpace demand growth; Expected drop in occupancy rates 5.0 Goa: festering ARRs; Place to be Most popular tourist polish Conferences boost occupancy rates Increasing popularity of Goa; Shortage of rooms; Resultant hike in ARRs 6.0 Hyderabad: Occupancy rates to tame ARRs almost double in 2 years Brobdingnagian supply additions to... If you want to get a full essay, order it on our website: Orderessay

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