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Article: "Indian Hotel Industry" by Cygnus Business Consulting and Research August 2007.
- Article from:
- M2 Presswire
- Article date:
- August 31, 2007
CopyrightCOPYRIGHT 2007 M2 Communications Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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M2 PRESSWIRE-31 August 2007-MindBranch: "Indian Hotel Industry" by Cygnus Business Consulting and Research August 2007(C)1994-2007 M2 COMMUNICATIONS LTD
RDATE:30082007
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 ...