Tag Archives: Indian Hospitality

The Indian hospitality industry is primed to make a significant contribution to the country’s economy, according to Pradeep Shetty, President, Federation of Hotel & Restaurant Associations of India (FHRAI). Addressing the 54th FHRAI Annual Convention on Day 1, Shetty projected that the sector will contribute a substantial $250 billion to India’s GDP by 2030, supporting 137 million jobs. To achieve this ambitious target, Shetty emphasised the need for long-term financing and regulatory reforms. The industry aims to contribute $3 trillion to the GDP by 2047. FHRAI Calls for Regulatory Reforms Shetty highlighted the critical need for long-term financing in the sector, noting that current funding options are limited to 7-8 years. He urged the government to implement regulatory reforms, such as streamlined licensing procedures and single-window systems, to unlock the industry’s full potential. Hospitality Sector Outperforms Other Industries The Indian hospitality industry is already making a substantial impact on the economy, contributing 12-13 per cent to the GDP and employing over 12 per cent of the workforce. These figures surpass those of the automobile and IT sectors, highlighting the industry’s economic significance. Sector to Add 50,000-60,000 Rooms in Next Five Years The President announced that the hospitality sector is set to expand significantly, with plans to add between 50,000 and 60,000 new hotel rooms over the next five years. This expansion will further boost employment opportunities and contribute to the country’s economic growth. FHRAI Submits Ease of Doing Business Report To address the challenges faced by the industry, FHRAI has submitted a comprehensive report on the ease of doing business in hospitality to the government. The report focuses on critical areas for reform, including simplifying regulatory compliance, reducing licensing burdens, …

Dimitris Manikis, President, EMEA, Wyndham Resorts and Hotels, said, “India wants to be one of the fastest-growing hospitality countries in the world. Its growth in infrastructure means that it will need brands like Wyndham. Thus, we plan to have 150 properties by the end of 2025 as India is the market with the biggest potential for us.”

A CRISIL Ratings analysis of branded hotel companies indicates that the hospitality industry in India is slated for a healthy revenue growth of 11-13% in the next fiscal after a strong 15-17% growth in the current fiscal, backed by steady domestic demand and an expected ramp up in foreign traveller demand.

According to the Indian Hospitality Marketing Analysis by Mordor Intelligence, hospitality industry in India market size is estimated at $24.62 billion in 2024; and is expected to reach $31.01 bn by 2029, growing at the CAGR of 4.73% during the forecast period, which is 2024-2029.

As per JLL, the Indian hospitality sector continued to witness YoY growth in Q3 2023. Though several hotel openings were slotted, development activity is likely to pick up in this last quarter. Out of 59 hotels comprising 4,669 rooms, 12 are conversions of existing.

Skyview by Empyrean added yet another attraction, the all new Pine View Banquet for both locals and tourists, which is a 22-acre mountain harbour that provides hospitality, adventure, nature and luxury to guests. Spread across 5,000 sq. ft., Pine View can seat up to 200 people in one gathering. It also offers multiple cuisines, a separate pre-function area and state-of-the-art audio-visual equipment along with entertainment and conferencing services. Guests can enjoy stunning views of the surrounding majestic Pir Panjal range that add to the charm of the gatherings.  Owais Altaf Syed, Director, Skyview by Empyrean said, “Skyview by Empyrean is renowned for curating extraordinary hospitality experiences, and we are thrilled to introduce the Pine View Banquet to our discerning guests and clients as a testament to our long-term commitment to perfection.” Located in Sanget Valley-Patnitop, Jammu, Skyview by Empyrean is just an hour’s drive from the famous Shri Mata Vaishno Devi Temple at Katra. Syed added that the strategic location, scenic vistas and the multitude of adventure and leisure activities we offer on their property makes any event hosted at Pine View all the more special for both corporates and groups of families and friends.