The hospitality sector in India has grown tremendously over the years, with opportunities increasing tenfold owed to improved diplomatic relations, emerging technology, increased consumer spends, and improved foreign investments. The country’s geographical and cultural landscape have been major drivers in the industry, paving the way for a fruitful road ahead.
As part of a growing economy which is seeing a dramatic change in its global position and increase in soft power, the hospitality sector in India has corresponded with a growth curve of its own. Owed to a highly potent market in terms of foreign intervention, the hospitality industry in India aims to sprout various growth opportunities for businesses and consumers alike.
The hospitality sector in India provides a massive scope of opportunity, be it via new entrants, existing players, inviting foreign investment, and developing better infrastructure to further strengthen the sector’s foundation.
A few key factors which highlight the scope of opportunity in the sector as listed below:
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