Hotel Project
PART A
CHAPTER 1
INDUSTRY PROFILE
History of Hotel Industry:
A hotel is an establishment that provides paid lodging, usually on a short-term basis. Hotels often provide a number additional guest services such as restaurant, a swimming pool or childcare. Some hotel has conference services and meeting rooms and encourages groups to hold conventions and meeting at their location. Revenues of hotel and restaurant (H&R) industry in India during the financial year 2000-2011 was INR 804.32 billion, a growth of 41.27% over the previous year, primary driven by foreign tourist arrivals, which increased by 16.17% currently there are some 1980 hotels approved classified by the ministry of tourism, government of India, with a total capacity of about 110,000 hotel rooms. With tourism industry showing excellent performance, in terms of foreign tourists arrival and demand outpacing supply, the hospitality industry, is poised to grow at a faster rate and reach INR 1026.76 billion by 2012. It is estimated that over the next two years 80,000-90,000 rooms will be added across different categories throughout the country. In the Indian scenario, the report covers the current trends in hotel industry ( increase in foreign tourist arrivals, MNCs foraying into India, demand supply mismatch getting closer, rise in occupancy rates and Rev PRA and strong recovery of the Indian economy), its structure (composition of hotels), key consumer segments (business traveler, leisure traveler, & airline cabin crew) and value chain. As a part of the de risking model the companies in Indian hotel industry are also moving up the value chain to management contracts and co-branding. The report on Indian Hotel Industry provides an in-depth view of the sector in general and important aspects of the sector. The report starts with the global hotel industry to give a perspective of the Indian hotel industry in the global context. The report covers the hotel industry structure, major players,
CHAPTER 1
INDUSTRY PROFILE
History of Hotel Industry:
A hotel is an establishment that provides paid lodging, usually on a short-term basis. Hotels often provide a number additional guest services such as restaurant, a swimming pool or childcare. Some hotel has conference services and meeting rooms and encourages groups to hold conventions and meeting at their location. Revenues of hotel and restaurant (H&R) industry in India during the financial year 2000-2011 was INR 804.32 billion, a growth of 41.27% over the previous year, primary driven by foreign tourist arrivals, which increased by 16.17% currently there are some 1980 hotels approved classified by the ministry of tourism, government of India, with a total capacity of about 110,000 hotel rooms. With tourism industry showing excellent performance, in terms of foreign tourists arrival and demand outpacing supply, the hospitality industry, is poised to grow at a faster rate and reach INR 1026.76 billion by 2012. It is estimated that over the next two years 80,000-90,000 rooms will be added across different categories throughout the country. In the Indian scenario, the report covers the current trends in hotel industry ( increase in foreign tourist arrivals, MNCs foraying into India, demand supply mismatch getting closer, rise in occupancy rates and Rev PRA and strong recovery of the Indian economy), its structure (composition of hotels), key consumer segments (business traveler, leisure traveler, & airline cabin crew) and value chain. As a part of the de risking model the companies in Indian hotel industry are also moving up the value chain to management contracts and co-branding. The report on Indian Hotel Industry provides an in-depth view of the sector in general and important aspects of the sector. The report starts with the global hotel industry to give a perspective of the Indian hotel industry in the global context. The report covers the hotel industry structure, major players,