Indian Hotel Industry: Past, Present and Future

Abstract

The Indian Hotel Industry is growing at a fast pace. This is due to the intervention by Government of India to facilitate the business through economic reforms, changes in different taxation policy, allowing foreign direct investment etc. This paper traces the development of the Indian Hotel Industry in India right from colonial times so that readers are familiarized with its different stages of development. This paper also highlights the role the Government of India has played in the development of this Industry at different stages of history and the forces that shaped those decisions. The role played by Indian hotel entrepreneurs in establishing the Hotels and taking those hotels to global markets has been discussed. The challenges posed by entry of foreign hotels in India and what it means for Indian Hotel Industry shall make readers acquainted the dynamics of Globalization. The means and methods they use to enter global methods and the reasons have been extensively discussed. The historical concept of Hotel classification in India and how it has taken the present form and what media has reported about it has been discussed. The paper discusses the literature review from the variety of sources to establish the essence of Hotel Industry in India and its dynamics in twenty first century.