As per ‘Vision 2047: Indian Hotel Industry’ report by the Hotel Association of India (HAI), Foreign tourist arrivals (FTAs) in India are projected to increase to 15 million by 2024, and touch 25 million by 2030. It is further projected to grow attracting 100 million tourists by 2047.
Read More »Indian hotel industry’s GDP contribution expected to reach US$68 bn in 2027 & US$1 tn by 2047
HAI has presented ‘Vision 2047 – Indian Hotel Industry-Challenges & the Road Ahead’ to V Vidyavathi, Tourism Secretary. It highlights that direct contribution of hotel industry to GDP was $40 bn in 2022, expected to reach $68 bn by 2027, and $1 tn by 2047.
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