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This is almost three times the tourist expenditure in France, one of the major tourist destinations of the world.  And it is almost the double of global average earnings of Rs.37570 per foreign tourist.  This can be attributed to the longer average stay in India travel tourists prefer to try and explore the country—-says the study Investment opportunities in hotel infrastructure in India. 

But in terms of availability and affordability of hotel rooms as well as number of foreign tourists visiting the country,
India lags behind its south Indian competitors. Adventure sports such as river rafting, mountaineering, mountain biking, skiing, trekking in India and all other excursion sports showing tremendous growth rate. Trekking in India  is one of the biggest attractions for foreign tourists. Nothing that as many as 40 hotel brands are expected to enter the Indian hospitability industry in the next three to five years, the study says it is likely to loose out to its neighbors if the central and state governments fail to ensure single window clearance for these projects, control land prices and change inconsistent taxation norms.

                                                                                            Courtesy: H.T. dtd. 29/03/07 

The country is witnessing a spurt in hotel expansion in the face of severe shortage of quality hotel rooms because of increased business activity and a spurt in leisure travel by the country’s middle class as well as international tourists, says Chender Baljee, CMD Royal Orchid. The demand-supply mismatch is likely to last for another two years with most of the fresh supply coming n 2009.

A buoyant economy, growth in aviation and real estate India, improved infrastructure and the easing of restrictions on foreign investment is expected to fuel demand across star categories in a majority of markets throughout India, “Hotel on an expansion phase will be in a better position to absorb the decline in occupancies and rates over the long term, as any additional supply can offset the pressure on room rates”, said Nitesh Shetty, M.D, Nitesh Estates. Analysts also indicate that room additions on the back of strong tourist inflows would ensure better margins and profitability.

Foreign tourist’s arrivals have grown by 10-15% in the last one year. Over the last few months, real estate India rate, tier-II cities like Jaipur, Gurgaon, Hyderabad, Pune and Bangalore are seeing growth both in occupancy and room rates and that entire city are also showing massive growth in real estate India. While occupancy is 75-80% room rates are up by 15-20% in these markets, sources said.

Source- E T

Hospital majors are likely to pump in close to Rs 4500 crore in new projects and expansion over the next two years on the back of a massive growth in business and leisure India travel. Indian Hotels (Taj brand), Leela Venture, EIH ( oberoi Group), Kamat Hotels, Royal orchid and other leading chains are likely to see room inventory go up by around 6,500. Global hospitality majors such as Intercontinental, starwood, Hilton, Accor, Carlson are all stepping up their global offerings in the India travel and hospitality market given the upbeat demand. Foreigners and taveller showing their interest apart form Delhi, Rajasthan, Goa, Karal also in adventure tour such as river rafting, climbing trekking in India.

Source- E T

Courtesy ET.

Hotel room rates in the Sleep inn brand are likely to start off from Rs. 1800-2000, depending on the city. The other budget brands in Choice’s portfolio include comfort and quality, with room rates ranging from Rs.2000 to Rs.4000/-. By 2008, the group plans to have comfort hotels at Delhi, Rajkot Haldwani and Amritsar while the quality brand would have presence in Jaipur, Ludhiana, Chennai, Pune and
Hyderabad.

Many others big name of Hotel Industry is also planning to take step towards Indian market even some are searching right place to real estae India and it’s beneficial for economic growth of India as well as real estate India market and Travel Industry. Courtesy ET.

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