The luxury hotel segment in India is growing at a steady pace. The country is attracting an increasing number of foreign tourists as the government has introduced e-visa for 113 countries. The country has a large millennial population too, who are enjoying new found adventure in travel and sightseeing.
Here is peek into some numbers
India had received over 7 million foreign tourists by August 2015. According to the World Tourism Organization, the country will welcome over 15.3 million foreign tourists by 2025. Now let us take a look at the accommodation sector, or the hotel industry. Do they have enough high-end rooms to offer the growing number of foreign nationals? The answer is ‘Yes’ and here’s why – Around 29,000 luxury hotel rooms are under development and they will be added to the existing nation-wide inventory over the next 6 years. Metro and tier 1 cities like Bangalore, Mumbai, Kolkata, Pune and Gurgaon will grow to 6,500 hotel rooms by 2016. Read More
Published in: IDS Next
By: Myra Allen