Analysis Of Factors Responsible For Growth Of Hospitality And Tourism Industry In India
Hospitality is the relationship between the guest and the host, or the act or practice of being hospitable. Specifically, this includes the reception and entertainment of guests, visitors, or strangers. Hospitality industry includes hotels, travel & tourism, health clinic, spa, amusement parks and many more.
The individual curiosity for new knowledge, quest and entertainment act as medium for the growth of this industry. This industry also has capability to attract other sectors in the economic owing to the cross synergistic benefits.
Tourism and hospitality industry is the leading service industry worldwide in terms of gross revenue and foreign exchange earnings. Also it is one of the among major employment generators across globe.
In Indian context, it is similar to other countries. Indian hospitality and tourism industry is poised for long term sustainable growth and looks to stabilize and grow further in future. It is clear by “The Travel and Tourism Competitiveness Report” of 2013, published by World Economic Forum, India,
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Budget Hotels are the next destination by companies as there is emergence of higher middle and lower middle class, which shows huge interest in these sectors. India is famous for its rich history in “Aayurveda” and “Yoga”, besides this many metros has excellent medical facilities in today’s modern and developed technology related to medical science, which makes Medical & Health Tourism a new urge for these sector. New avenues having growth potential are also finding out by these industry owners to attract previous as well potential customers. Emergence of Mixed Land Usage and huge spurt of international brands also make Indian industry aware to find new ways to get competitive
Hospitality is defined as the friendly and generous reception and entertainment of guests, visitors, or strangers. Hospitality is something that can be seen everywhere, regardless of geographical location, religion, etc. This initially sparked my interest because hospitality is something does not require anything special to do. Everywhere a person goes, hospitality can be seen in some way, shape, or form.
The hospitality and leisure industry hug a variety of sectors and businesses across hotels, restaurants and restaurants, travel and tourism, gaming, sport and leisure. The sector is reliant on the consumer confidence and business sentiment and is facing rising pressure to deliver innovation, value and quality. Hospitality is that business that helps people to feel welcome, relaxed and to enjoy themselves. It is all about customer service and providing the best quality and experience possible for the customers. (Discover Hospitality, 2012)
According to the World Bank, the hospitality industry revenue has been the largest contribution to the world GDP, for the sixth consecutive year, outdoing a total of 10.2% (US$7.6 Trillion) in the year 2016. The hospitality industry currently employs around 292 million of people, and that means that 1 in 10 jobs around the globe is linked to the hospitality industry (Oxford Economics for World Travel & Tourism Council, 2017)
Tourism plays a vital role in economic development in most countries around the world. The industry has not only direct economic impact, but also significant indirect and influential impacts. There is agreement among experts that the travel and tourism sector is the fastest growing of global economy. According to the latest UNWTO World Tourism Barometer, international tourism receipts surpass US$ 1 trillion in 2011, growing about 3.8%up from 2010 (WTO, 2012).
The Tourism and Hospitality Industry is one of the largest industries in the country. This industry is one of the key front-line players which contributes greatly to the growth of the economy of a country. They are the vital source of income for both government and private sectors. People often mistaken that the duty of the profession in the tourism and hospitality to be somewhat similar, that is to serve clients but in fact, there is actually a vast difference between the roles of a tour guide, travel tour manager and travel agency manager.
The hotel industry in India has been evolving and developing itself every year according to the need of the hour. The concept of boutique hotel has also shown its effect on the Indian soil leading to its growth and development over the decade and will continue forward. There are more than 15 boutique hotels in India mostly located in the urban areas having a healthy tourist visits. Some of the boutique hotels are:
Accommodation : Places of tourists' interest must be capable enough to provide good accommodation and catering facilities. A type of accommodation required by tourists depends on their lives-styles, standard of living, capacity to spend money, nature of services expected, etc. Classification of accommodation centers, i.e. various hotels, motels, dormitories, etc. on basic of rating like five stars and below are essential so that tourists can make a proper choice and plan their trips appropriately. Generally, tourism mostly prospers in those areas where good lodging and food facilities are available at reasonable
Tourism and industrial recycling, being other major sectors, are also one of the industries that are growing fast globally. The global gross domestic product (GDP) for tourism industry was considered for 10.3 per cent. Tourism is not just a fast-growing industry, but jobs in most economies are created by tourism industry since it demands human-resource. Approximately, “230 million jobs are created in tourism industry and one and a half indirect jobs are created by one direct
As the tourism industry is closely united with several other industries like hotel and accomodation, aviation, railway, roadways, healthcare, entertainment, etc combined weaknesses of all sectors makes it more
Hospitality is a lively, courageous, and convivial way of living that challenges our compulsion either to turn away or to turn inward and disconnect ourselves from others. In present day the concept of hospitality has changed into a more commercial industry method of hospitality. Hospitality is a personal response to your own need to connect with other people. Institutions are essential to the practice of hospitality, is not simply a matter of pleasantries but of finding ways to identify with the experiences and perspectives of marginalized people. Due to hospitality being transformed into an industry and organizations running what hospitality is, we have lost that ability to create connections with strangers.
1).The relationship between Hospitality and Tourism: Tourism and hospitality go hand in hand, the hospitality industry offer services like accommodation, transportation, food and beverage, recreation and leisure. Tourism is the activity by the tourists where they engage in travelling to destinations where they want to experience recreational and leisure activities and most of the time avails of accommodation, food and beverage. The hospitality industry is the supplier of the services for tourism. The meaning of hospitality is providing a safe and enjoyable environment for patrons. It also means responsibly serving liquor, to ensure that patrons do not become unduly intoxicated and subsequently a problem for management, staff and the
Tourism is often synonymous to traveling for pleasure and education. It is also a business of attracting tourists and providing for their accommodation and entertainment. In many countries, tourism is an industry for earning Inland Revenue and foreign exchange. The many businesses that grow concomitantly with development of tourism include airlines, shipping, hotels and restaurants, finance companies, tour operators, travel agents, car rental firms, caterers and retail establishments and together,
Hospitality industry is a very broad term which comes under the service industry. Many industries come under it like event management, transportation, travel and tourism industry, hotel industry etc.
The Travel and Tourism industry is still one of the largest single businesses in world commerce and its importance is widely recognized. The tourism industry is now one of the largest sectors earning foreign exchange. In the face of many benefits, many countries have started assigning due weight age to the tourism industry in their national development agenda. Tourism is an industry that operates on a massively broad scale: it embraces activities ranging from the smallest sea-side hotel; to air-lines, multi-national hotel chains and major international tour operators. Originally, non-traditional industries such as tourism emerged as a solution to strike a balance between ecology and industry
This is to certify that the project titled “Emerging Trends in Medical Tourism- A Case Study of Punjab ” is the original work of Ames Gill student of MBA (T&H). This project has been undertaken under the supervision of Dr. Varinder Singh Rana Faculty, School of Hospitality. This project has been submitted in the partial fulfillment of the requirements for the award of Master of Business Administration in Tourism & Hospitality from Lovely Professional University.