trace the growth of the hotel industry as a thriving industry?

Answer 1

hotel industry comes under services sector. in any growing economy services occupy significant position. in the process of globalization many countries are evincingkeen interest to establish their industries. for example many countries are finding india as an attractive marketing hub due its inherent strengthes and the progressive policies of the government also contributes for the leading companies to come to india. all these foreigners will pay visits for short term and long term and in order to cater to their needs hotel industry requires expansion. similary due to rise in salaries people's purchasing power has been increased. hence they want to go for outing. hence domestic tourism or in bound tourism is also increasing. in view of the above it is estimated that india wants atleast 2 lakhs room in the coming 4 years. hence opportunities are plenty in hotel industry that helps for thriving.