Tourism & Hospitality Investment is growing in India.

The Tourism & Hospitality Industry in India is one of the fastest-growing sectors in the country, with an investment expected USD 201.37 billion  by the end of 2022.  This growth is being driven by a number of factors, including:

• The rising middle class in India, which has more disposable income to spend on travel and leisure.

• The increasing popularity of India as a tourist destination, both domestically and internationally.

• The growth of the MICE (meetings, incentives, conferences, and exhibitions) industry in India.

• The increasing use of technology in the hospitality industry, which is making it easier for businesses to operate and for customers to book and manage their travel.

As a result of this growth, there are a number of promising investment trends in the Indian hospitality industry. These include:

• Investment in Tier II & III cities: The major cities in India are already saturated with hotels, so investors are increasingly looking to Tier II & III cities for growth opportunities. These cities offer a lower cost of entry and a growing market for hospitality services.

• Investment in Boutique Hotels: Boutique hotels are small, independent hotels that offer a unique and personalized experience for guests. They are becoming increasingly popular in India, as they offer an alternative to the large, corporate hotels that are more common in the country.

• Investment in eco-friendly hotels: There is a growing demand for eco-friendly hotels in India, as tourists become more aware of the environmental impact of their travel. These hotels offer a variety of sustainable features, such as solar power, water conservation, and waste management.

• Investment in technology-enabled hotels: Technology is transforming the hospitality industry, and there are a number of investment opportunities in this area. These include investing in hotel technology solutions, such as property management systems, online booking platforms, and mobile apps.

These are just a few of the best hospitality investment trends in India. With the continued growth of the industry, there are likely to be many more opportunities in the years to come.

Remember:-

• Do your research: Before you invest in any hospitality property, it is important to do your research and understand the market. This includes understanding the demand for hospitality services in the area, the competition, and the regulatory environment.

• Partner with a reputable operator: If you are not an experienced hotelier, it is a good idea to partner with a reputable operator who has experience in the Indian market. This will help you to ensure that your investment is successful.

• Stay up-to-date on trends: The hospitality industry is constantly evolving, so it is important to stay up-to-date on the latest trends. This will help you to make informed investment decisions.

With careful planning and execution, investing in the Indian Hospitality Industry can be a profitable venture.

(c) Rohit Singh Negi