The World Travel and Tourism Council (WTTC) predict India has potential to become the world’s number one tourist destination with demand growing at 10.1% per annum, while the Federation of Hotel and Restaurant Associations of India (FHRAI) forecast that the supply of 200,000 hotel rooms in India reported in 2015 needs to increase by 50% to reach a total of over 300,000 rooms to meet demand.
The Indian hospitality industry currently employs more than 17 million direct workers, and the tourism and hospitality sector’s direct contribution to GDP totalled US $ 44.2 billion in 2015. International developers have their sights set on India, with recent investments including, for example, US $ 40 million by Goldman Sachs, New York in India-based Vatika Hotels.
We recently launched The Food and Hotel Show New Delhi 2016 and the inaugural event will take place this November. The demand was clear for a high-profile international networking and educational event as well as purchasing opportunity – connecting global suppliers with Indian hoteliers. We will be announcing more about the new event in the coming months.