Jai Guru Ji
Hospitality Sector in India
After the Liberalization of Economy, India Witnessed a sudden and significant Growth In Hospitality and Tourism Sector in India, which contributes almost 7 per cent to the GDP of India. Now it is considered to be a 'Sunrise Industry', and Hospitality Sector is expected to touch $460 billion by 2028 and even more. After 2000s Indian Tourism witnessed growth in Foreign Visitors also. All these enabled the Indian Hospitality sector to become Seventh largest sector Globally. Now in this Blog, we will explore everything about Hospitality and Tourism Sector in India.
Introduction to Hospitality Sector
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| Hospitality sector in India |
Hospitality defines as a friendly and generous reception and entertainment of Guests, visitors or strangers. Hospitality is a tradition which have been following from ancient times and you will find hospitality in every sphere of of the country.
At present, India's Hospitality and Tourism Sector is one of the largest service industry. Hospitality Sector of India has Seventh Largest Tourism Economy in the World, that's why it is also known as 'Sunrise Industry'. It is considered as the most profitable industry which creates almost 15 million jobs in the past five years. This sector attracts a major part of Foreign Direct Investment inflow with the most important means of Foreign exchange for the Country.
Categories of Hospitality Sector
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| Categories |
In India, Hospitality sector broadly divided into:
- Lodging
- Food and Beverages
- Transportation
- Amusement parks
- Other Related fields.
Lodging
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| lodging |
Lodging in India Includes Hotel categories and as well as Resorts. Hotels in India are divided into two categories Star Hotels and Heritage Hotels, and these divided into sub-categories. The Star category hotels are further divided into 5 star deluxe, 5 star deluxe with alcohol and non alcohol service, 4 star deluxe, 4 star deluxe with alcohol and non alcohol service, 3star, 2 star and 1 star. The Heritage category hotels divided into Heritage Grand, Heritage classic, Heritage palace, Heritage Basic, and all these Heritage hotels also have alcohol and non alcohol services.
There is a one prediction that overall Hotel Industry reach over RS. 1200 billion (but now because of pandemic its not confirmed). This industry in fast growing in previous years and hotel industry is growing about 7 percent per annum according to experts.
Now, in these days both 5 star hotels and service apartment room offers, refrigerator, television, air conditioner, housekeeping etc.
Top Players in Hotel Industry in 2020
Food and Beverages
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| Food and Beverages |
Food and Beverages category plays an important role in Hospitality Industry. Food and Beverages category further sub-divided into Organized and Unorganized. In the market it is difficult to track unorganized category because it forms 60-65 percent of total market and organized category forms remaining 30-35 percent of total market.
The organized category is regulated by Govt. authorities and they known for their standardization, Whereas on the another hand unorganized category has lack of supply chain and in quality control.
Organized category includes- fine dining, causal dining and quick service restaurants which almost 80 percent followed by clubs, pubs, lounges, bars, cafes and bakery. It is Predicted that Food and beverage industry will reach RS 5.5 trillion by 2022.
India is a home for one of the largest population an it offers large variety of different cuisines. Food and Beverage sector in India includes large no. of bars, cafes and lounges and also having nightclubs, tea and coffee shops. Apart from tourist places, this sector is rapidly growing in corporate hubs, colleges, universities offer immense variety of foods and drinks.
Transportation
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| Transportation |
Transportation play an vey significant role in Hospitality Sector. Transportation is the first step in tourism business, starting from taking tourists from place of origin to their destination. Transportation helps in proving to transform a place into Global attraction of tourism.
The backbone of Country's economy, Roads have proven to be helpful in development of tourism. Travelling to some roads in India can leave you at some beautiful destination experiences in your mind. India's road transport covers almost all tourist destinations from Kashmir to Kanyakumari, and also India has the second largest road network which covers around 4,320,0000 Kilometers. Along with many Government bus facilities and Private Ola, Uber cabs provide quality services to reach from origin to their destination.
Roads proven to be backbone but Indian Railways also the second largest Railways in India. Travelling in railways is always economic, which helps people to easily connect and attract with different travel destinations. Railways is connected with each and every corner of India. The Government of India also running some special, luxurious and world class trains which attracts tourists not from India only but form foreign tourists as well. Maharaja express, Palace on wheels, The Deccan Odyssey, Golden chariot and many more are world class trains.
Over the past few decades, Airways also contribute much in Tourism in India for both national and international process. Although the all major cities and tourist destinations have their own airport in India and are well developed and connected. All these help in boosting hospitality industry in India.
Amusement Parks
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| Amusement parks |
Amusements parks are also known as theme parks. they both feature a lot of attractions like water slides, games, flat rides, carnival rides and many more different rides with food, dance and many more. In the last past decades amusement and theme parks shows a significant growth.
As per data, this sector contributes about 17 billion revenue, with almost 80,000 jobs across in India. Amusement parks help in to swell up the tourism around the world. Indian govt. also support this sector strongly and taken care of its infrastructure and development. It is been proved as a development is hospitality industry in India.
Amusement parks and theme parks also boost up the local economy by creating an opportunity for opening up restaurants, retails etc.
Top Players in Amusement Parks
1.) Adlabs Imagica, Pune
2.) Essel World, Maharashtra
3.) Kingdom of Dreams, Delhi
4.) Ramoji Film City, Hyderabad
5.) Wonderla, Bangalore
Conclusion
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| Atithi Devo Bhava |
At last, In Conclusion India known for its ancient tradition 'Atithi Devo Bhava' means Guest is God.
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