Hotel and Hospitality

Driven by a surge in business traveler arrivals and a soaring interest in the country, India has emerged as a leading tourist destination which has lead to a boom in Hotel and Hospitality industry. The importance of tourism for the Indian economy is evident from the fact that it contributed to 5.9 per cent of the Gross Domestic Product and provided employment to 41.8 million people. This sector has attracted huge Foreign Investment in the country. Tier II Cities like Jaipur, Gurgaon, Hyderabad, Pune, Bangalore are also seeing constant growth in the Hotel Industry which is evident from growth both in occupancy and room rates.