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Article: Report Starts with the Global Hotel Industry to Give a Perspective of the Indian Hotel Industry in the Global Context.
- Article from:
- Business Wire
- Article date:
- August 23, 2007
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DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c66471) has announced the addition of "Indian Hotel Industry" to their offering.
Revenues of Hotel and Restaurant (H&R) industry in India during the financial year 2006-07 was INR604.32 billion , a growth of 21.27% over the previous year, primarily driven by foreign tourist arrivals ,which increased by 14.17%. Currently there are some 1,980 hotels approved and classified by the Ministry of Tourism, Government of India, with a total capacity of about 110,000 hotel rooms.
The hospitality industry, is poised to grow at a faster rate and reach INR826.76 billion by 2010. It is ...