List of Profitable Business Ideas in Hotel Tourism and Hospitality Sector

List of Profitable Business Ideas in Hotel, Tourism and Hospitality Sector. How to Start a Hotel Business or Hotel Startup in India.

India has the potential to become the number one tourist destination in the world with the demand growing at 10.1 per cent per annum. The Indian tourism and hospitality industry has emerged as one of the key drivers of growth among the services sector in India. Tourism in India has significant potential considering the rich cultural and historical heritage, variety in ecology, terrains and places of natural beauty spread across the country. Tourism is also a potentially large employment generator besides being a significant source of foreign exchange for the country.

Related Projects: Hotel and Hospitality Projects

There is a huge tourism potential in the country and as a result hospitality industry will continue to grow at a substantially higher rate. India is projected to be the fastest-growing nation in the wellness tourism sector in the next five years and infrastructure development is an inevitable factor in order to support this growth. The Indian hospitality industry has experienced prominent growth in recent years due to various factors, including the rising purchasing power of domestic travelers, an increase in commercial development and foreign tourist arrivals, a growing airline industry and government-led initiatives aiming to stimulate the sector. There is a great deal of scope to expand tourism across India, and as the country improves air travel connections and relaxes visa restrictions, tourist arrivals should increase.

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With a consistently growing middle class and increasing disposable income, the tourism and hospitality sector is witnessing a healthy growth and accounts for 7.5 per cent of the country's GDP. The hospitality sector in India is expected to grow at 16.1 per cent CAGR to reach Rs 2,796.9 thousand crore in 2022.The hospitality sector encompasses a wide variety of activities within the services sector and is a major job provider both direct and indirectly. The sector attracts the most FDI (Foreign Direct Investment) inflow and is the most important net foreign exchange earners for the country.

The growth in the hospitality sector and its contributions to the GDP will continue to be substantially higher than other sectors of the economy on the back of huge tourism potential in the country. Hospitality industry in India has generated tremendous employment opportunities and is a big source of foreign exchange for India. As per the planning commission the hospitality sector is responsible for more jobs per million rupee of investment than any other sector. This sector provided varieties of jobs which satisfies unskilled people to specialized one.

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The Future of Hospitality

The Indian economy is opening up its horizons as it continues to integrate with the world economy. Therefore, the advantages of conducting business with and in India are many. This has led to the maneuvering of variety of jobs to the shores of India, bringing in its wake transit travelers, business travelers, business meets and holiday seekers.

India is the ninth largest civil aviation market in the world in 2014. The sector is projected to be the third largest aviation market globally by 2020. India’s aviation market caters to 117 million domestic and 43 million international passengers in 2014. Over the next decade the market could reach 337 million domestic and 84 million international passengers.

Here are few Projects for Startups:

THREE STAR HOTEL

India offers myriad exciting experiences to tourists. The country boasts of the world's highest mountains, miles of coastline with excellent beaches, tropical forests and wildlife, lagoon backwaters, ancient monuments and World Heritage sites, forts and palaces, and of course, the Taj Mahal………..Read more

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HOTEL

Hotel industry totally depends on the growth of the tourism as well as proper import and export growth of the country. If there are good countries associated in the territory of the region, there will be good scope for business transaction, hence there will be good scope for hotel industries due to the visits of the executives of different countries….……..Read more

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FIVE STAR HOTEL

The hotel industry is an important component of tourism industry. Its foreign exchange earning capacity is also high. The irritation of economic reforms in this country gave a boost to the hotel industry. The demand for rooms in hotels by foreign businessmen has increased sharly…….……..Read more

ENTERTAINMENT CLUB, 4 STAR HOTEL, AMUSEMENT PARK CUM WATER PARK, AND LAKE FOR BOATING

Holiday resort business is very flourishing business these days not only in India but it has brilliant prospects in foreign countries also. The place which was usually for the let out to travelers was taken as and the keeper, in accordance with the existing laws of the land, was obliged for providing shelter and food to those willing to pay price………….Read more

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FIVE STAR HOTEL & BUSINESS SHOPPING MALL

Five star hotel contents business center by making luxurious shops inside the hotel for selling consumer goods, articles and beverages, is wonderful combination for profit making center. Again if there is facility of P.V.R., health club, and banquet hall attract the tourist much more in that hotel..……….Read more

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4 STAR HOTEL

One of the fastest growing sectors of the economy of our time is the hotel industry. The hotel industry alone is a multi-billion dollar and growing enterprise. It is exciting, never boring and offer unlimited opportunities. The hotel industry is diverse enough for people to work in different areas of interest and still be employed within the hotel industry……….Read more

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RESTAURANT (WITH MICRO BREWERY)

A restaurant is simply a place to have food outside your home. It is smaller in size than a hotel as it does not have accommodation facilities. It is an establishment that serves the customers with prepared food and beverages to order, to be consumed on the premises. The term covers a multiplicity of venues and a diversity of styles of cuisine..Read more

HOLIDAY RESORT

India is a booming hospitality market, yet it has minuscule contribution to the timeshare business model existing worldwide. USA alone comprises two-thirds of the global market. Though vacation ownership has been growing at a CAGR of 20 per cent for the last three-four years, and has become the reason for resort developments in India, the concept of timeshare is still not understood well enough here………..Read more

MULTIPLEX CINEMA HALL (108+108 SEATS DOUBLE SCREEN)

A Multiplex is a multi-screen entertainment complex showing different films under one roof with other type of supporting business in the vicinity like restaurants, shopping arcade and other entertainment avenues. Emergence of multiplexes has made movie going and event. People can go at just about any time and find something to watch…………Read more

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