Hotel Industry in India- Swot Analysis
The Indian hospitality industry has emerged as one of the key industries driving growth of the services sector in India. The fortunes of the hospitality industry have always been linked to the prospects of the tourism industry and tourism is the foremost demand driver of the industry. The Indian hospitality industry has recorded healthy growth fuelled by robust inflow of foreign tourists as well as increased tourist movement within the country and it has become one of the leading players in the global industry.
The industry is likely to experience robust growth on the back of rising disposable incomes and favorable industry statistics. The market is estimated to reach US$ 30 billion by 2015.
SCOPE OF THE REPORT
REASONS TO BUY
The industry is likely to experience robust growth on the back of rising disposable incomes and favorable industry statistics. The market is estimated to reach US$ 30 billion by 2015.
SCOPE OF THE REPORT
- Industry at a glance
- Contains a study of the major internal and external factors affecting the industry in the form of a SWOT framework
REASONS TO BUY
- Gain insight into the industry in terms of the opportunities and threats that will augment and restrict its growth
- Get knowledge about the forte of the industry which will help it to ride in the lead
OVERVIEW
SWOT ANALYSIS
STRENGTHS
1. Advantage India
2. Demand Supply mismatch
3. Government Support
WEAKNESS
1. Cost of Land
2. Skilled Manpower Shortage
3. Poor Infrastructure
4. Disposed to political events
5. High seasonality
OPPORTUNITIES
1. Rising Income
2. Open Sky benefits
3. Recovering market trends
4. Increase in the market share
5. MICE
6. Investment in Hospitality Institutes
THREATS
1. No Uniformity in Taxes & High Tax Structures
2. Fear of meltdown
3. Increasing Competition
SWOT ANALYSIS
STRENGTHS
1. Advantage India
2. Demand Supply mismatch
3. Government Support
WEAKNESS
1. Cost of Land
2. Skilled Manpower Shortage
3. Poor Infrastructure
4. Disposed to political events
5. High seasonality
OPPORTUNITIES
1. Rising Income
2. Open Sky benefits
3. Recovering market trends
4. Increase in the market share
5. MICE
6. Investment in Hospitality Institutes
THREATS
1. No Uniformity in Taxes & High Tax Structures
2. Fear of meltdown
3. Increasing Competition
LIST OF FIGURES AND TABLES
Figure 1 % Share of India in International Tourism Receipts of the world (1997-2010)
Figure 2 Worldwide tax regime for Hotel Industry
Figure 1 % Share of India in International Tourism Receipts of the world (1997-2010)
Figure 2 Worldwide tax regime for Hotel Industry
