Tag Archives: Infrastructure Investments

Naveen Kundu, Managing Director, EbixCash Travel, said, “Investments will pour into India, as the focus is rapidly shifting to 100-150 cities, towns, and districts of India. This is where growth will come from, primarily driven by funds that will invest in real estate, hotel projects, convention centers among others.”

The Indian hotel market is projected to grow to around USD 13 bn by 2020, according to FICCI-Yes Bank Knowledge Paper titled ‘Tourism Infrastructure Investments: Leveraging Partnerships for Exponential Growth’. Further, as per World Travel & Tourism Council’s 2018 report, the industry contribution to capital investment in India was Rs 2706.1 bn in 2017 and is projected to grow 6.7 per cent per annum in next 10 years to Rs 5546.3 bn by 2028, higher than the global average of 4.5 per cent. Despite increase in private sector investment, the Indian hotel industry observed a decline in average room rate and room occupancy in 2016-17 which is largely attributed to lower participation of hotels in the five-star deluxe and five-star categories in India.