The
hotel industry is directly connected with the tourism industry and thus
it is characterized by season, with the second half of the financial
year is the peak period. India ranks sixty-eighth place among the best tourist destinations in the world. The performance of the hotel industry depends on the financial growth and investor confidence. The current top-down phase in Indian industry was more than expected. In
the international financial uncertainty is preventing the demand grow,
deliver improvements in a number of markets affect the capacity of the
sector to increase spending. For a long time, and demand rate in India is very relevant, and that there is a need for more resorts in almost every field.
Hotels are classified on the basis of facilities and services provided by them. Hotels belongs to the Ministry of tourism benefits from tax breaks, interest-rate subsidies, and import benefits. Because
of the long and difficult process for such categories, much of the
native Indian resorts are still continuing to be classified. Local Indian resorts are highly fragmented with many players holding the majority of shares in a disorderly fashion. A
large organized games include the Taj, the Oberoi Group, EIH, Lila,
spas, resorts, Oriental, ITDC Bharat spas and resorts of ITC. Hotels
are classified into: 1) Star rated hotels, which includes five stars
and star hotels Luxury 2) Heritage Hotels of 3)budget hotels 4)
Unclassified hotels 5) cheap motels, 6) Resorts and clubs.
In
the next 3 decades the Indian market the resort will most likely arrive
at RS 230 billion dollars, increasing by an average of 12.3 per cent.,
powerful Local Indian will invest about 447 billion UAH in the goodness of the market in the next five years. Place and contributes a large share of the tourist market in native Indian economy through foreign direct investment. Despite the temporary difficulties, future views of the native Indian market goodness optimistic. Local Indian, as a country with strong historical and cultural heritage will ever be demanded by foreign tourists. Among the countries of the third world, native Indian is one of the fastest growing regions in the vacation market. Lifestyle change, rising wages, low debt, the reasons for this growth. Indian
business mainly focuses on foreign tourists, only 40% of the business
that comes from domestic business and leisure travel. Hotels today "home away from home".
