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VOL. 3, ISSUE 2 (2018)
Hotel industry since last two decades in India: A research outline
Authors
Pratibh Budania
Abstract
Tourism has now become a significant industry in India. It is a sun rise industry, an employment generator, a significant source of foreign exchange for the country. Tourism in India is the third largest foreign exchange earner of the country. Further, the Travel and Tourism Competitiveness Report by World Economic Forum, has ranked India at the sixth place in tourism and hospitality. The tourism and hospitality sector is among the top 10 sectors in India to attract the highest Foreign Direct Investment (FDI). According to the data released by Department of Industrial Policy and Promotion (DIPP), the hotel and tourism sector attracted around US$ 10.6 billion of FDI between April 2000 and September 2017. The government has initiated ‘Project Mausam’ under which it has proposed to establish cross cultural linkages and to revive historic maritime cultural and economic ties with 39 Indian Ocean countries. Further, since April 2017, the e-tourist visa facility has been made available to citizen 161 countries. The government has introduced e-Tourist Visa (e-TV) for 161 countries as against the earlier coverage of 113 countries. Due to the increase in tourism with rising foreign and domestic tourists, hotel sector is bound to grow. There is an emergence of budget hotels in India to cater to much of the population who seek affordable stay.
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Pages:1782-1787
How to cite this article:
Pratibh Budania "Hotel industry since last two decades in India: A research outline". International Journal of Advanced Research and Development, Vol 3, Issue 2, 2018, Pages 1782-1787
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