Tuesday, May 3, 2011

Hospitality industry in India booming

At long last hospitality has "arrived" in the country.
The slump which affected tourism worldwide, did little to affect India as the country gets not just the curious tourist but a large number of business travelers. Also, while the world reeled in the aftermath of a recession, Indians shifted focus from international travel to domestic travel. Domestic tourism is huge in India, amounting to more than 650 million in 2009 itself. 
Large hotel chains are scrambling over each other to find their place in the sun in the metro cities. And not so large hotels are forming chains in the up and coming locations as well as in metros to provide a not-so-expensive option to guests who want service without having to empty their pockets.
On the one hand large chains cant get enough. Carlson will open 19 new hotels which will take the number of hotels this chain has in India to 50 by this year end, and they plan to reach 100 by 2015. Carlson has the brands Radisson®, Country Inns & Suites By Carlson(SM), Park Inn® and Park Plaza®.
In fact across various segments the hotel industry is expected to add 70000 to 80000 rooms in these two years, according to experts.
Several international chains including Sheraton, Holiday Inn, Intercontinental, Hyatt, Radisson, BestWestern, Days Inn, Hilton, Quality Inn, Ramada Inn, Meridien, Kempenski, Four Seasons Regent, Accor, and Marriott International are entering or expanding their hotel network in India.
It is not just large international hotel chains but all sectors cashing in on the trend. We have currently assisted a start up hotel company find their CFO and are still searching for their marketing and operations heads. This particular company is planning to build hotels in the 3-4 star category in locations of pilgrimage importance. The idea is to give the pilgrimage traveler a much better hygienic option than your regular hole in the wall, but at much more reasonable rates than the currently available 5 stars. Thus you also have the hundreds of "boutique hotels" available now in cities, which are actually 2-3 start hotels which are very reasonable and provide clean rooms with good enough amenities for the business traveler.
With India slated to have the largest 10 year growth potential in tourism worldwide, the demand will only grow and hospitality is bound to grow along with it.
(See below for article on jobs in hospitality industry)