Hospitality Technology For India’s Emerging Mid-market Hotel Industry

PrintThis is the most happening time for Indian hotel industry as large hotel projects seem to be in the pipeline. A recent report by HVS noted that the current hotel inventory which stands at 122, 298 in 2013/2014 is likely to touch 184, 745 mark in 2019/2020 with a CAGR of 8.6%.

When we review the status of the Indian hotel industry, one area that draws our attention is the emergence of mid-market and budget hotel segment. Both seem to be on a growth trajectory even as the industry as a whole is looking for an upturn. According to the Federation of Hotel & Restaurant Associations of India (FHRAI), in order to achieve the 12th Plan target of 1452 million Domestic Tourist Visits (DTVs) by 2017, India needs to add 1, 20, 000 rooms in the budget and mid-market category.

Industry experts and business heads of several leading hotel chains are also looking to capitalize on the growing mid-market and budget hotel segment. Read more

Published in: ArticlesXpert

By: Myra Allen


About hospitalitytechnology

Technology is making greater and greater inroads into our lives. Right from when we wake up in the morning to when we head to sleep – we cannot imagine a life without the gadgets and gizmos that make life easy and interesting. When we travel and stay in hotels, our expectations are no different. We expect all the technological amenities we easily access at home if not more. The hospitality industry in increasingly accessing technology to wow guests, optimize their use of manpower, control hotel functions in an integrated manner and on the whole reduce costs while increasing efficiency. This blog is meant to track these technological changes happening in the hospitality sector. The growing move towards sophisticated hotel ERP, the growing use of cloud computing, the rapidly changing customer facing devices – smart phones and iPads, the increasing security concerns and more. Expect to find interesting articles, whitepapers, thoughts, and observations. Feel free to comment and even mail us content that you don’t mind posted here. Happy reading!
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