Tourism Sector In India on a Boil

Even there has been slow
growth at the start of millennium, Indian tourism industry growth has been on boil and
performed quite well. Tourism sector in India contribute 4.4% of GDP (2011) which
is the third largest foreign exchange earner. This growth in contribution
slowed down in 2008-2009 which again picked up in 2010.

Despite the problem with infrastructure that supports tourism sector in India, growth has been incredible. According to latest release tourism market research report India and China will drive the tourism industry at fact pace in coming years. Domestic tourism has also shown great potential and has been growing at good pace.

In comparison to inflow of tourists in India there is major shortfall of rooms. As per data sourced from Indian tourism ministry total demand is for 295,000 rooms with supply of only 113,540 rooms. Still after approval of 90,000 rooms there is shortfall of supply which is main hindrance for Indian hospitality industry.

The current stats gathered from online market
research done by Visha Consultants shows an imbalance in demand and
supply of available hotels in India. The ratio is eye opening for Indian hospitality industry to strive. The demand for hotel rooms is more than double what India currently has which can have impact on Indian tourism industry. Recent marketing research stats suggest that major metro cities in India will add some 35,000 rooms by 2011.