The hotel sector in India will experience exponential growth in the next 5 years. According to the analysis carried out by HVS, a company that operates globally offering consultancy services to companies and operators in the hotel and restaurant sector, the opportunities in India for this market are enormous. After the global recession and the terrible attacks that shook the city of Mumbai in 2008 (in which the luxury hotels Oberoi, Taj Mahal and Trident were stormed), starting from the following year there was a significant of growth and today the data presented by the report bear witness to the incredible boom of this industry.
Indiana hotel capacity can count on a total of 62,404 rooms, but in the next 5 years approximately 90,000 will be built, which is 143% more than the existing number. Specifically, 2010 was the year in which the highest number of new hotel openings was recorded, with a considerable increase of 14,081 new rooms. The growth is undoubtedly driven by the great Indian metropolis, New Delhi: another 20,021 rooms will be built by 2015 (the current number is around 11,018), with an increase of 182%. In any case, it is a phenomenon that is affecting the country across the board and which affects all the main cities.
The hoteliers indicate in Ahmedabad (to the 21 hotels today another 20 will be added, with a further construction of 2,339 rooms for a growth of 154%), Pune (22 hotels more than the existing 24, 5,196 new rooms and a +194%) , Whitefield (7 new hotels compared to 5 today and 1,350 new rooms), Hyderabad (where 22 hotels are planned to open compared to the current 19 and 5302 new rooms, for a +140%) and Noida (to the 4 existing hotels another 18 will be added, with the construction of 4268 rooms) the new destinations that will be affected by this phenomenon.
The cities with the highest percentage of construction of new chambers are Calcutta with +229% (the current 1520 will be joined by another 3481) and Chandigarh +227% (another 1482 compared to today's 653).
The subdivision in terms of quality of the hotels that will be built will be as follows:
In the light of these data, it can be said that the possibilities for investors and operators in the sector are enormous. India can count on an annual population of about 650 million travellers, or more than double the entire population of the United States, and the emergence of a middle class able to spend money on tourism and holidays (and above all inclined) represents one of the main factors able to drive the economy of the sector. This thesis is strengthened by a further element: the domestic hotel demand has always historically been higher than the foreign one in India (5 million in 2009), therefore, especially in today's India, the immense domestic demand is able to largely support the growth of tourism, despite the difficulties of the economies of Western countries.
The Governments of Rajasthan, Goa and Kerala have sensed the deal and have long since begun to concentrate their efforts on the development of tourist and hotel facilities.
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