Hotels Industry Booming in India
A booming tourism industry in the country has prompted over a dozen global chains — including the Hilton, Accor, Marriott International, Berggruen Hotels, Cabana Hotels, Premier Travel Inn (PTI) and InterContinental Hotels group — to announce plans to set up over 350 five-star, four-star and budget hotels and 50 villas.
The plans would roughly translate into 65,000 additional hotel rooms — a quantum leap, considering that over the past decade the total number of hotel rooms in all categories has only grown 10 per cent to about 92,000 rooms.
India’s popularity has been surging on the global tourism circuit. Foreign tourist arrivals rose to 4.43 million last year from 3.92 million in 2005. Read more