Future of Indian hotel industry - An analysis by Yusuf Dhanani

By Yusuf Razak Dhanani :

In recent years the Indian Tourism and Hospitality sectors have become one of the most notable contributors of the country’s economy. However, the tourism and the hospitality sector can be categorized into two broad sections. One is the tourism sector per se and the other is the hotel industry. As far as hotels are concerned, there are hotels of different kinds and categories. For example, there are the business hotels, the resorts, the airport hotels, and the suite kind of hotels, casino hotels, apartment hotels, extended stay hotels, timeshare hotels, the convention and the conference centers. So the question here is with so many options available in the hotel industry, what is the future of the hotel industry in the years to come.

The good news is that the future of the Indian hotel industry in no way looks bleak rather it has a sunny side up. This is because the Indian economy has opened up to the global economy, which in turn is creating more number of business opportunities. The result is that more people are traveling to the country and so hotels are required in more numbers to meet the growing number of travelers.

Moreover, in recent times the growth in economy has brought about considerable increase in the disposable income. The consequence is that people are taking more vacations. At the same time, the taste among people with regards to the kind of hotels has drastically changed. Today, people do not think much about the price tag; rather they are more focused on the kind of facilities that is offered by the hotel.

At the same time the tourism ministry of India is putting in enough initiative to promote the Indian hotel industry. However, that is not the end of the story. A lot remains to be done on part of the Indian hotels. With the change in the kind of tourists visiting the country, the hotels should try to offer world-class facilities to guests’ at the most reasonable price.

When in a hotel, the guests should get the feeling that they are in a home that is away from home. Last but not the least, there should not be any kind of compromise on the part of safety and security.