Tag: Mumbai

Introduction
Hotel industry in India there is a huge boom in recent years, is experiencing an interesting stage. One of the main reasons for the increase in demand for hotel rooms in the country’s boom in the overall economy and high growth industries as information technology, telecommunications, retail and real estate. The growth of stock markets and new business opportunities are also attracting hordes of foreign investors and international corporate travelers to search for business opportunities in the country, in particular the growth in the tourism sector. The hotel industry is inextricably linked to the tourism industry and the growth in Indian tourism industry has caused the growth of Indian hotel industry.

The explosive growth in India ignites unquenchable demand for hotel rooms. With huge investments flowing into India for the development of infrastructure such as roads, highways, airports and points of the Convention, the interest in hotel developments defeat new highs as tourism, business travel and are on the rise.

The boom of tourism is a cascade effect on the hospitality sector with an increase in occupancy and ratio of medium-sized bet. And with the continuing surge in demand, many global hospitality professions have confirmed an interest in the Indian hospitality sector. It is estimated that in India, probably around 40 international hotel brands by 2011.

Features
In the spurt in India’s tourism growth has had a ripple effect on the hospitality sector. The growth in income and purchasing power coupled with the governments open sky policy have provided a major focus. The industry is growing very rapidly, and there is a demand for more rooms in the metro and small towns. It is estimated that in India, probably around 40 international hotel brands by 2011.

India booming hospitality industry has transformed into a real basket of the choicest of rooms, food and beverage, health, and business sites, travel packages, and all you can think of. New global entrants are competing with existing local players to provide world class services at prices suited to every pocket.

An estimated 4.4 million tourists expected to visit India with an average annual growth rate of 12% over the next few years. Domestic tourism market is also flourishing. Commonwealth Games in 2010 will add to the demand for quality housing.

The Government of India’s Incredible India destination campaign and Atithi Devo Bhavah campaign also contributed to the growth of domestic and international tourism and consequently the hotel industry.

The opening of the aviation industry in India exciting opportunities for the hotel industry, as it relies on airlines to transport 80% of international arrivals. The decision of the Government to upgrade 28 regional airports in smaller cities and the privatization and expansion of Delhi and Mumbai airport will improve the business prospects of hotel industry in India. And upgrading of national highways connecting various parts of India has opened up new opportunities for the development of budget hotels in India. Taking advantage of this opportunity Tata group and another hotel chain called “Homotel ‘have entered this business segment.

Opportunities
Applicable laws/regulatory policies.

Introduction

Hotel Industry in India is witnessing tremendous boom in recent years and going through an interesting phase. One of the major reasons for the increase in demand for hotel rooms in the country is the boom in the overall Economy and high growth in sectors like information technology, telecom, retail and real estate. Rising stock market and new business opportunities are also attracting hordes of foreign investors and international corporate travelers to look for business opportunities in the country particularly growth in tourism sector. As hotel industry is inextricably linked to the tourism industry and the growth in the Indian tourism industry has fuelled the growth of Indian hotel industry.

Explosive economic growth in India ignites unquenchable demand for hotel rooms. With huge investments flowing into India for the development of infrastructure such as roads, highways, airports and convention centers, interest in hotel developments is hitting new highs as tourism, business and travel are on the rise.

The booming tourism industry has had a cascading effect on the hospitality sector with an increase in the occupancy ratios and average room rates. And with the continuing surge in demand, many global hospitality majors have evinced a keen interest in the Indian hospitality sector. It is estimated that India is likely to have around 40 international hotel brands by 2011.

Opportunities

The spurt in Indias tourism industry growth has had a ripple effect on its hospitality sector. Rising income levels and spending power combined with the governments open sky policy have provided a major thrust. The industry is growing at a very rapid pace and there is a demand for more rooms both in metros and smaller towns. It is estimated that India is likely to have around 40 international hotel brands by 2011.

Indias booming hospitality industry has transformed into a veritable basket of the choicest of rooms, food and beverage, health and business facilities, travel packages and everything that you can think of. New global entrants are vying with existing local players to provide world-class services at prices suited to every pocket.

An estimated 4.4 million tourists are expected to visit India with an annual average growth rate of 12% in the next few years. The domestic tourist market is also flourishing. The commonwealth games in 2010 will add to the demand for quality accommodation.

The Government of Indias Incredible India destination campaign and the Atithi Devo Bhavah campaign have also helped the growth of domestic and international tourism and consequently the hotel industry.

The opening up of the aviation industry in India has exciting opportunities for hotel industry as it relies on airlines to transport 80% of international arrivals. The government’s decision to substantially upgrade 28 regional airports in smaller towns and privatization & expansion of Delhi and Mumbai airport will improve the business prospects of hotel industry in India. And the upgrading of national highways connecting various parts of India has opened new avenues for the development of budget hotels in India. Taking advantage of this opportunity Tata group and another hotel chain called ‘Homotel’ have entered this business segment.

If you want to read article go to second part of this – Information of hotel industry laws in india – part2.

The Indian textile industry is as old as the world textile industry. In fact the first known cotton cultivation seems to be from India followed by UK. Bombay or Mumbai as its know today is synonymous with the textile industry in India and also has the soubriquet Manchester of the East. However more and more textile industry has been push to other states of India particularly Gujarat and Madras which are increasingly gaining the attention of the world textile buyers. Mumbai due to its high urbanization is becoming more of realty market. However I want to add a fact to the above statements is that Mumbai is the commercial capital of India.

Lot of niche markets is opening up in India. One place I recall was quite interesting was the Tirupur Textile Industry based in Madras. The place has become synonymous with the exports of India Knit wear. The industry based here is truly thriving with all the modern equipments and technologies. It is estimated that around 35 countries of the world visit Tirupur every month. Now look at this they deliver samples of custom-made knit wear in about 12 hours and up to half a million pieces within a few days. All for the dedication and hard work of workers as well as exporters whose ultimate goal is to meet the international buyers requirement sometimes quite unreasonable. Today Tirupur can boast itself being in the elite list of towns with the largest foreign exchanges in India. Super quality brads like Wal-Marts, JC Penney, Marks and Spencers have shown a keen interest in the Tirupur textile industry consisting of around 7,000 garment units providing employment to more than a billion people.

The world is looking up to the Indian textile industry to deliver its goods using technologies used and developed elsewhere be it the USA or Japan or Hong Kong.
India has an untapped potential to become in the top three list of producers as well as exporters.