With 740 million domestic travellers (in 2011) and over 6.3 million FTAs, India is considered one of the most lucrative hotel markets in the world and has the second largest construction pipeline in Asia. Growing affluence and the increasing role India is expected to play in the global economy are likely to drive both leisure and business travel in the coming years. For most global hotel majors a significant part of their hotel pipeline is centered on faster growing developing markets like India. India has an estimated 170,000 hotel rooms of which around 60,000 are branded. Even with the expected addition of another 60,000 hotel rooms over the next three to five years, the industry is expected to fall short of meeting the long-term demands of a growing economy.
The 2nd Annual India Hotel Expansion Summit featured the most prominent industry leaders and government officials from across the globe providing informative and inspiring discussions pertaining to India’s current needs and their ambitious future. India welcomed the international community to join this forum to discover new strategies and technologies that can assist in building a state-of-the-art hospitality infrastructure to accommodate the domestic and international market.