Hvs - Hotel Room Supply, Capital Investment and Manpower Requirement by 2021
AN HVS WHITEPAPER
Hotel Room Supply, Capital Investment and Manpower Requirement by 2021
INDIA
PREPARED BY:
HVS – India Office 6th Floor, Tower C Building No. 8 DLF Cyber City – II Gurgaon 122002 India Tel: +91 (124) 4616000 Fax: +91 (124) 4616001
SUPPORTED BY:
March 2012
March 2012 Dear Industry Colleagues,
6 Floor, Tower C Building No. 8 DLF Cyber City – II Gurgaon 122002 India +91 (124) 46616000 TEL +91 (124) 4616001 FAX www.hvs.com th Atlanta Boston Boulder Chicago Dallas Denver Las Vegas Mexico City Miami Minneapolis Nassau New York Newport San Francisco Toronto Vancouver Washington Athens Buenos Aires Dubai Hong Kong Lima London Madrid Mumbai New Delhi Sao Paulo Shanghai Singapore Specialists in Hotel Consulting and Appraisal Worldwide
We are pleased to present an HVS White Paper titled "Hotel Room Supply, Capital Investment and Manpower Requirement by 2021". This research article is intended to provide answers to perhaps the most frequently-asked questions in the past 15 years that HVS New Delhi has been operational. Around mid-last-year, during one of my trips to the Tourism Ministry, I was once again asked if HVS could carry out some research to scientifically quantify the number of hotel rooms required in the coming years; and also determine the potential employment generation that was likely to result from the addition of these rooms. We have put together all our available resources and databases of historical data to estimate these numbers and have further estimated the total capital requirement for this growing sector till 2021. We are grateful to the WTTC – India Initiative for their wholehearted support of this effort and for providing us important data points that allowed us to study historical tourism numbers and make projections till 2021. We are also thankful to FHRAI for the data it had available that we were able to use, as also to 4-5 senior and distinguished hoteliers who took the trouble of reading through our draft
Hotel Room Supply, Capital Investment and Manpower Requirement by 2021
INDIA
PREPARED BY:
HVS – India Office 6th Floor, Tower C Building No. 8 DLF Cyber City – II Gurgaon 122002 India Tel: +91 (124) 4616000 Fax: +91 (124) 4616001
SUPPORTED BY:
March 2012
March 2012 Dear Industry Colleagues,
6 Floor, Tower C Building No. 8 DLF Cyber City – II Gurgaon 122002 India +91 (124) 46616000 TEL +91 (124) 4616001 FAX www.hvs.com th Atlanta Boston Boulder Chicago Dallas Denver Las Vegas Mexico City Miami Minneapolis Nassau New York Newport San Francisco Toronto Vancouver Washington Athens Buenos Aires Dubai Hong Kong Lima London Madrid Mumbai New Delhi Sao Paulo Shanghai Singapore Specialists in Hotel Consulting and Appraisal Worldwide
We are pleased to present an HVS White Paper titled "Hotel Room Supply, Capital Investment and Manpower Requirement by 2021". This research article is intended to provide answers to perhaps the most frequently-asked questions in the past 15 years that HVS New Delhi has been operational. Around mid-last-year, during one of my trips to the Tourism Ministry, I was once again asked if HVS could carry out some research to scientifically quantify the number of hotel rooms required in the coming years; and also determine the potential employment generation that was likely to result from the addition of these rooms. We have put together all our available resources and databases of historical data to estimate these numbers and have further estimated the total capital requirement for this growing sector till 2021. We are grateful to the WTTC – India Initiative for their wholehearted support of this effort and for providing us important data points that allowed us to study historical tourism numbers and make projections till 2021. We are also thankful to FHRAI for the data it had available that we were able to use, as also to 4-5 senior and distinguished hoteliers who took the trouble of reading through our draft