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Due to the rapid growth in tourism, the hotel industry is also booming. Many international players like Le Meridien and Accor are heading towards Indian markets to expand their business. With government's full support in developing infrastructure, increase in demand, open sky policies and increased competition, the hospitality industry is getting consolidated and has many more opportunities to grow further.
Hospitality sector looking up
GOING by reservations, the hospitality industry in India seems ready to bounce back. This comes as a major relief for the industry, which in mid-2003, looked set for another bad year with the war in Gulf and SARS in South-East Asia...
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