Hospitality Industry: a Key Revenue  Generator to Indian Economy as a Part of  Tourism Industry

Dr. Anupama Sharma; Ms. Sumita Kukreja

Volume : II, Issue : III, March - 2013

Hospitality Industry: a Key Revenue Generator to Indian Economy as a Part of Tourism Industry

Dr. Anupama Sharma, Ms. Sumita Kukreja

Abstract :

Hotel Industry is one of the important component of tourism industry. The definition of tourism industry can�t be completed without mentioning the presence of a hotel. A hotel is a place which provide a space to stay , some food & beverages to eat and drink , and some facilities to enjoy . Hotel industry is playing a vital role in earning millions of dollars from foreigners and thus contributing towards revenue generation and increasing employment opportunities to the host community. Present paper highlights the significance of hotel industry in Indian economy, their demand and supply scenario ,various challenges before hotel Industry and Government efforts to remove the problem associated with this industry. To obtain all said objectives data has been gathered through secondary sources specially with the help of books, magazines, e–journals, and websites . After analyzing all the facts it may be concluded that the Indian Hospitality sector is expected to show a healthy growth in the coming years. Strong economic growth, increased FDI, greater emphasis on tourism development, favorable Government policies, impending 2010 Commonwealth games, 2011 Cricket World Cup and other international events, have proved as a major drivers for the growth of this sector.