Web15/02/ · India ranks in the rd position spending 0. 9% for tourism. The hotel and tourism industry’s contribution to the Indian economy by way of foreign direct Web10/06/ · In Asia, India has become the most popular destination for tourists. In India, there are a wide array of areas that one can visit. The mountain ranges, enchanting WebTourism is an incredible way to showcase India’s rich and magnificent history, culture and diversity. Its magnificent monuments attract a large number of tourists from all over the
Tourism in India - blogger.com
In alone, travel and tourism contributed to 6. However, the hospitality sector has shown resilience, improving its security management and performance, essay on tourism in india. With the growth of budget hotels along with low cost airlines, online travel bookings, and group travel, SMEs in the travel and tourism sector have shown rapid progress. They have been targeting niche markets specializing in corporate travel, leisure travel, and even hitherto unheard services like wedding travel and planning.
Asia and particularly India now have a major role to play in shaping this sector while also enjoying maximum share. However, with more disposable income, Indians prefer to travel overseas rather than within the country. Order custom essay Tourism in India with free essay on tourism in india report, essay on tourism in india. We have over 14 million Indians traveling overseas, but the figure for inbound tourism stands at a dismal 6 million - this can definitely increase if we begin to seriously promote India as a destination to be explored and discovered. The share of hotel and restaurant sector in the overall economy is still below 2 per cent. For the last five years the total contribution of the hospitality sector has remained stagnant.
Although the overall share increased from 1. India ranks in the rd position spending 0. Total Contribution of Travel ; Tourism to GDP Source: World Travel ; Tourism Council. The TSA research also states that the sector is expected to support directly 24, jobs 5. Hotel Industry Due to increasing number of foreign tourist arrivals, together with the growth of domestic tourism in the country, the hotel industry is also witnessing continued momentum. The Indian Hospitality industry contributes around 2. per cent. The industry also witnessed an increase in the number of hotel rooms with a growth of 5 per cent during the last three to four years. Rise of budget hotels in the country, like Ginger Hotels, Lemon Tree, Sarovar Hotels, Fortune Hotels, Ibis and Choice Hotels clearly suggest a huge growth potential in the sector, essay on tourism in india.
In fact, the Tourism sector enjoyed strong growth duringas indicated in the data released by the Ministry of Tourism in January As per the data, inthe country experienced a strong rebound in the Tourism industry. Foreign Tourist Arrivals FTAs FTAs in India during were 5. The 8. FTAs during the month of Junewas 3. There has been a growth of 7. FTAs during the period January-June were FEE from Tourism in INR terms during were INR billion as compared to INR The growth rate in FEE in INR terms during was essay on tourism in india Therefore, the growth rate observed in over was substantially high.
FEE in INR terms during the month of June were INR The growth rate in FEE in INR terms in June over June was Till five years ago, the sector was registering a growth of around 15 per cent but slowdown in the economy has affected the growth prospects of the sector badly and the growth rate has dropped into single digit level. The sector registered negative growth But, the sector is back in the positive growth territory and clocked a growth of 2. Annual growth rate in per cent. Source: Economic Survey Growth Prospects Healthy economic growth recorded in past few years, especially in the services industry, has led to increase in business travel.
Higher disposable income and affordability have increased domestic leisure travel in India. Foreign tourist arrivals in India have also grown. However, essay on tourism in india industry has shown essay on tourism in india of recovery in the first half of This is a clear indicator that the long-term prospects for the Indian travel and tourism industry are bright. India is expected to witness increased tourist activity both in the business and leisure segments in the coming years. International inbound traffic is expected to grow rapidly with increasing investment and trade activity. India has been identified as one of the fastest-growing countries in terms of tourism demand. During — travel and tourism demand in India increased at a compound annual growth rate CAGR of Some prominent players : Sahara group, viceroy hotels,Carlson, UAE based Istithmar hotel, Netherlands based Golden Tulip Hospitality group, IRCTC, Leela Palace and resorts, DLF Universal Major players: Indian Hotels Company Limited the Taj group EIH Limited the Oberoi group ITC Hotels Limited Indian Tourism Development Corporation Small chains: Hotel Leela Venture Asian Hotels Hyatt International Corporation Bharat Hotels Public Sector Chain:.
The internet makes the overall market more efficient while expanding the size of the potential market and creating new substitution threats. Another hotel chain may erode your customer base with a newly formulated internet approach or marketing campaign. Bargaining Power of Buyers:. Business persons choosing a hotel are tech savvy and find it easy to search for cheaper hotels in internet and book them, essay on tourism in india. This eliminates middle men and intermediaries which in turn increases the bargaining power. The cost of switching is very low, which is again a high bargaining power on the side of buyers. This industry has numerous customers who are relatively very small in size. Loss of a single customer has little impact on a hotel company and this drives down the buyers bargaining power.
Rivalry among existing competitors The rivalry among competitors in the hotel industry is fierce. When potential customers can learn about a hotel on line, the internet reduces the differences among competitors. People tend to seek the best price for the best experience and the tendency is to reduce price to be competitive. The internet covers wide geographical essay on tourism in india so the market is widened increasing the number of competitors. Barriers to entry: Initial investment cost is very high. A vital barrier would be differentiation. A hotel that can differential itself by location, by service, amenities or some other quality has the potential to attract and keep its clients.
Another barrier to entry would be expertise. Unfortunately, in a mobile society employees frequently leave one hotel chain to work essay on tourism in india another and they take that expertise in terms of training or of experience with them. It essay on tourism in india in the areas of expertise and of differentiation that a hotel can make the greatest impact on its client and thereby on its bottom line, essay on tourism in india. Economies of scale are also a huge factor in this industry. Profitability of hotel chains is drastically higher than individual operations.
A new entrant cannot compete with established players in terms or quality and price if they cannot establish significant economies of scale. High exit barriers because of the specialized assets. Bargaining power of suppliers: Two key suppliers for hotel industry are labour and real estate. The number of suppliers for the Hotel industry is quite large and each supplier is very small in size compared to the leading players in the industry. These few powerful players are indispensible to the suppliers. Substitutability of the suppliers is also quite feasible and inexpensive. Switching between real estate agents is not going to affect a particular Hotel company significantly.
However in terms of quality, essay on tourism in india, training centers for employees and ICT manufacturers who provide IT systems that for property management are relatively more difficult to replace. Therefore in terms of substitute suppliers industry attractiveness is moderately high, essay on tourism in india. Innovative designs, technological advancements and next generation interior concepts are keys to maintaining the Indian hospitality industry's success and to attract the next generation of customers. The concept, design, plan, essay on tourism in india, materials, technology each aspect used in a hotel, restaurant or any property is ever changing and breaths technology for advancement and recognition, essay on tourism in india.
The brand loyalty increases with the concept and luxury of the hotel, no more with names. Technology plays a vital role in helping hotels expand and provide great services to the next generation of travellers. Availability enquiries, travel arrangements, local transport, gate entry, reception desks, elevators, room, in-room features and everything travellers see and touch hotel are enhanced with the right technology and concept. However, infrastructure facilities such as air, rail, road connectivity, and hospitality services at these destinations and the connecting cities are inadequate. This remains a major hurdle for development of tourism. Moreover, many tourist circuits depend on roads. Despite numerous efforts to improve road infrastructure, connectivity remains essay on tourism in india major problem.
There is a greater need for strengthened road and rail network, development of more expressways, and tourist-specific routes to improve connectivity to various locations across different regions. Aviation infrastructure is also critical since it is a major mode of entry for inbound tourism. Passenger traffic is expected to increase in the coming years; however infrastructure facilities at airports are cause for concern. Expansion and development of airports at major gateway cities is underway to cater to the increasing passenger traffic. However, essay on tourism in india, in addition, airport facilities at important secondary cities and tourist destinations also need to be improved to be able to handle greater passenger traffic. This essay was written by a fellow student.
You can use it as an example when writing your own essay or use it as essay on tourism in india source, but you need cite it. Did you know that we have over 70, essays on 3, topics in our database? Explore how the human body functions as one unit in harmony in order to life. Tourism in India. Free Essays - PhDessay. com, Feb 15, Accessed December 4, comFeb During a networking break at a start-up conference held last month in Gurgaon, I overheard two delegates assuming they are entrepreneurs discussing current investor sentiments.
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WebTourism Essay An Introduction. Tourism is the largest and fastest-growing industry across the world. It is a source of revenue and Benefits of Tourism in India. The Tourism Web10/06/ · In Asia, India has become the most popular destination for tourists. In India, there are a wide array of areas that one can visit. The mountain ranges, enchanting Web2/12/ · About Essay on Tourism in India: Tourism plays a significant role in the economic development of a country. Tourism is the second largest foreign exchange
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