Startup Business Opportunities in Holiday Resort (Three Star Grade). Investment Opportunities for Entrepreneurs in the hospitality industry.
A 3 Star Hotel is a hotel that provides average amenities, higher quality service, physical attributes and design. Ranking: Comfort Three star hotels aim towards meeting guest expectations and providing pleasant stay.
3 star hotel offer more luxury than 2 star hotels and offer high- quality service and comfort. 3 star hotels are stylish and sophisticated and are known for their upscale accommodations.
Food services, entertainment, view, room variations such as size and additional amenities, spas and fitness centers, ease of access and location may be considered in establishing a standard. Hotels are independently assessed in traditional systems and rest heavily on the facilities provided. Some consider this disadvantageous to smaller hotels whose quality of accommodation could fall into one class but the lack of an item such as an elevator would prevent it from reaching a higher categorization.
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Market Outlook
Indian Market
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. As of 2019, 4.2 crore jobs were created in the tourism sector in India, which was 8.1 per cent of the total employment in the country. The number is expected to rise by two per cent annum to 52.3 million jobs by 2028.
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Domestic tourists have always been the driving force behind Indian tourism and hospitality industry. Many travel companies tap in on this potential by offering low fares and budget-friendly tour packages, especially for air-travel. Currently, the country has over 125 functional airports, and many low-cost airline operators have dominated the domestic aviation industry.
In recent years the Indian government has taken several steps to boost travel & tourism which have benefited the hotel industry in the country. The initiatives by the Government include the abolishment of the inland air travel tax of 15% to 8%, reduction in excise duty on aviation turbine fuel and removal of a number of restrictions on outbound chartered flights, including those relating to frequency and size of aircraft.
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Government Initiatives
The Indian Government has realized the country’s potential in the tourism industry and has taken several steps to make India a global tourism hub.
Some of the major initiatives planned by the Government of India to boost the tourism and hospitality sector of India are as follows:
Ministry of Tourism launched DekhoApnaDesh webinar series to provide information on many destinations and sheer depth and expanse on the culture and heritage of India.
Ministry of Tourism launched Audio Guide facility App called Audio Odigos for 12 sites in India (including iconic sites).
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Prime Minister, Mr Narendra Modi urged people to visit 15 domestic tourist destinations in
India by 2022.
Statue of Sardar Vallabhbhai Patel, also known as ‘Statue of Unity’, was inaugurated in October 2018. It is the highest standing statue in the world at a height of 182 metre. It is expected to boost the tourism sector in the country and put it on the world tourism map.
Government of India is working to achieve one per cent share in world's international tourist arrivals by 2020 and 2 per cent share by 2025.
Under Budget 2020-21, the Government of India has allotted Rs 1,200 crore (US$ 171.70 million) for development of tourist circuits under Swadesh Darshan for eight Northeast states.
Under Budget 2020-21, the Government of India has allotted Rs 207.55 crore (US$ 29.70 million) for development of tourist circuits under PRASHAD scheme.
In 2019, Government reduced GST on hotel rooms with tariffs of Rs 1,001 (US$ 14.32) to Rs 7,500 (US$ 107.31) per night to 12 per cent and those above Rs 7,501 (US$ 107.32) to 18 per cent to increase India’s competitiveness as a tourism destination.
In September 2019, Japan joined a band of Asian countries, including Taiwan and Korea among others, to enter India’s tourism market.
Achievements
Following are the achievements of the Government during 2019-20:
During 2019-20, an additional fund Rs 1,854.67 crore (US$ 269.22 million) was sanctioned for new projects under the Swadesh Darshan scheme.
Ministry of Tourism sanctioned 18 projects covering all the North Eastern States for Rs 1,456 crore (US$ 211.35 million) to develop and promote of tourism in the region under Swadesh Darshan and PRASHAD schemes.
Statue of Sardar Vallabhbhai Patel, also known as ‘State of Unity’, was inaugurated in October 2018 and the total revenue generated till November 2019 stood at Rs 82.51 crore (US$ 11.81 million).
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Kay Players
Advani Hotels & Resorts (India) Ltd.
Alchemist Hospitality Group Ltd.
Bekal Resorts Devp. Corpn. Ltd.
Cambay Hotels & Holidays Ltd.
Clover Residency Pvt. Ltd.
Manipal Integrated Services Pvt. Ltd.
Leela Palaces & Resorts Ltd.
Jungle Lodges & Resorts Ltd.
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