Indian tourism boom in this economic downturn

16-Jul-2010

We have been following economic principles quite a times since our student age... what i am talking about is demand and supply chain. Indian tourism industry growth has been on boil since last 4-5 years with decline in terrorism activities as compare to neighbouring Asian countries. The current stats from online market survey done by Visha Consultants shows an imbalance in demand and supply of available hotels in India. The ratio is eye opening for Indian hoispitality industry to strive. The demand for hotel rooms is more than double what India currently have which can have impact in Indian tourism industry .

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 hinderance for Indian hospitality industry.

Tags - tourism industry in india | indian tourism stats | indian tourism research report| online market survey

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