The Indian hospitality industry is growing at an unprecedented rate and economic liberalization has given a new impetus to the hospitality industry. Looking at this robust growth and our endeavor to grow and our commitment for offering the excellent has propel our foray in to the sector for providing a Deluxe hotel redefining the skyline of Mumbai, the dream city of India.
Future of hospitality sector:
To boost up the growth of tourism in India, the government has proposed to invest Rs. 520 crore in 2007-2008. Tourism in expected to grow further over the next few years due to the changes taking place on the demand and supply sides. The factors that will account for the further growth of tourism will include the following:
• Change in standards of living
• More disposable income
• Better education
• Long leisure time
• Aging population
Owing to growth of tourism sector, infrastructure will improve, competition will increase, new products will come into markets and better services will be provided. Due to the rapid growth in tourism, the hotel industry is also booming. Many international players like Le Meridien and Accor are heading towards Indian markets to expand their business. With government's full support in developing infrastructure, increase in demand, open sky policies and increased competition, the hospitality industry is getting consolidated and has many more opportunities to grow further.
Hospitality sector looking up
GOING by reservations, the hospitality industry in India seems ready to bounce back. This comes as a major relief for the industry, which in mid-2003, looked set for another bad year with the war in Gulf and SARS in South-East Asia. But since end-August, things hav ...