Royal Orchid Hotels’ Post

Tourism in India and the hospitality sector are on an upward trajectory, propelled by the resumption of business travel, a penchant for domestic travel, enriching stay experiences, and government support. The Indian hospitality sector is presently estimated at USD 24.61 billion and is anticipated to touch USD 31 billion by 2029. For those looking to invest, it comes down to how sustainable is the future of the industry.   Nikhil Shah, CFA writes about the present landscape, future prospects and investor confidence pertaining to the hospitality segment in India. Learn more about Nikhil's expertise: https://lnkd.in/d77kacwC #ColliersIndia #IndiaRealEstate #hospitality #capitalmarkets #investment #hospitalityinvestment #globalinvestors Piyush Gupta

Insightful, bold, and future-focussed! At the Today's Traveller Summit and Awards, industry icons Rahul Pandit, President & Executive Director - Hospitality, #ValorEstate and KB Kachru, Chairman, Radisson Hotel Group shared invaluable perspectives on India’s tourism potential, the need for policy consistency, and the critical role of strategic global marketing. With goals to contribute $1 trillion by 2047, they emphasized the importance of teamwork, cultural pride, and integrating tourism into education. If India can align policy and inspire new talent, tourism can be a game-changer for both employment and the economy. Rahul Pandit examined the contribution of tourism to India’s economy, noting that it comprises 6.23% of India’s GDP and 8.78% of employment—yet, given its potential, the sector remains underdeveloped. Despite its economic weight, he argued that tourism has even more potential, especially given the challenge of creating a million jobs per month in India. “Tourism punches above its weight and contributes 40% more to employment than other industries. So why has progress been slower?” he asked.  KB Kachru emphasized, “We’re aiming for a $1 trillion contribution by 2047, but to achieve that, we need policies that attract investors. Today, most of our business relies on HNIs (High Net Worth Individuals), but to expand, we need more social investment and a clear policy framework,” he explained. He pointed out that while 17 states have granted interest subsidies, only a few execute them effectively. “If we could resolve this, tourism could solve 50% of India’s unemployment issues. We’re not asking for subsidies—just consistency in policy.” He cited the continued lack of incentives and the ad hoc nature of policy implementation as major roadblocks.  Read more: https://lnkd.in/gdSCP3Pq #TourismLeadership #India2030 #TravelAndHospitality #TodaysTravellerSummit #TodaysTravellerAwards #Hotels #Travel #Tourism #HR #Manpower #Hospitality #GeneralManager #HR #Sales #Marketing #Marcom

🔅India’s Tourism & Hospitality Industry: Part 4 💡Demand & Growth Drivers 🔹In this carousel, I am breaking down key insights from the IBEF report on the Tourism & Hospitality sector in India. This is Part 4, covering Demand & Growth Drivers 🔹The objective is to understand the Tourism & Hospitality industry better and share these insights to help others learn along the way. 🔹India's journey toward Tourism & Hospitality is filled with ambitious targets, growing investments, and strong government support. Let's explore how India is gearing up for the future #finance #linkedin #investmentbanking

𝐀𝐥𝐥 𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐓𝐫𝐚𝐯𝐞𝐥 𝐈𝐧𝐝𝐢𝐜𝐚𝐭𝐨𝐫𝐬 𝐒𝐡𝐨𝐰𝐢𝐧𝐠 𝐏𝐨𝐬𝐢𝐭𝐢𝐯𝐞 𝐒𝐢𝐠𝐧𝐬 𝐨𝐟 𝐆𝐫𝐨𝐰𝐭𝐡 🔰 Rising middle class and its increased propensity to spend will drive discretionary spend industries. 20 Crore people are expected to travel by flight in 2024 up 31% vs 2023 ✈ 🔰 Railway infra spend ~Rs 4000 crore next few years . Penetration of uprights to increase with introduction of Vande Bharat trains. Strong rebound in the hospitality sector with occupancy levels at 70%. 🔰 India’s business travel spending is set to reach $38 billion this year, with a projected full recovery to pre-2019 spending levels by 2025, according to the Global Business Travel Association (GBTA).In 2023, India experienced a remarkable 24.7% surge in business travel spending, with a projected 18.3% increase anticipated in 2024. 📈 🔰 Religious tourism in India has been on an upward trajectory, projecting a CAGR of over 16% between 2023 and 20301 Post COVID, a religious inclination of Indians has become stronger. Industry reports also indicate a significant rise in overnight journeys for pilgrimage 🔺 ________________________________________________________________ #Finance #linkedin #equity #Stockmarkrt 𝘚𝘰𝘶𝘳𝘤𝘦 : 𝘙𝘦𝘴𝘦𝘢𝘳𝘤𝘩 𝘤𝘰𝘮𝘮𝘪𝘴𝘴𝘪𝘰𝘯𝘦𝘥 𝘣𝘺 𝘝𝘐𝘗 𝘐𝘯𝘥𝘶𝘴𝘵𝘳𝘪𝘦𝘴

Post 203: When will the government check-in to hospitality sector? 🛍️🛎️The Hotel Association of India estimates that India’s #hotel industry will contribute US $1.5 trillion to India’s GDP by 2047. It is currently estimated to be US$ 24 billion. It accounts for roughly 7% of India’s GDP and has a 12% share in the total #employment in the country. 🛎️🛍️Despite this, the hospitality sector doesn’t find favors with the government, and this has been the case for very long. It has always been left to fend for itself. During the Covid pandemic, #travel and #tourism were the worst affected sectors of the economy, yet the hoteliers didn’t get anything from the government. Their long-standing demand is the #infrastructure or priority sector status for the hospitality industry, but it has fallen on deaf ears. The infrastructure status will give it access to many incentives and benefits like easy financing, long-tenure funds at lower costs, external commercial borrowing funds, etc. What could be the reasons? Why doesn’t the #government listen to the hospitality lobby? Here is what I think could be the possible reasons based on my experience in the industry in the past: 🛎️The hospitality lobby is weak. Unlike other sectors, the hospitality industry refrains from using strikes and agitations to express grievances against the government. The government listens when transporters stop their trucks, lorries, and trailers in protest. But I cannot imagine the entire #hotel and hospitality sector shutting shops in protest even for a day. Just imagine what will happen if all hotels and restaurants shut down for a day in a city. [Not suggesting anything. Strikes and lockouts are bad. We have been through that painful period] 🛎️The government believes that #hospitality is peripheral to the other key sectors of the #economy, and it will automatically grow if the other segment of the economy does well, which is true. If an #industrial hub, educational hub, or spiritual or #tourism corridor is established, the hospitality sector thrives around it. A new highway or express is built and you see hotels, motels, and eateries coming up around it. You cannot expect the reverse. You cannot open a hotel in the desert and expect the economy to grow around it. In other words, it isn’t the ecosystem on its own. 🛎️Our economy is not tourism-driven—barring a few pockets like Goa, Kerala, etc—unlike many European and Southeast Asian economies. We are not heavily dependent on travel and tourism. 🛎️Tourism is discretionary spending for people. If the economy does well and people get more disposable income, people splurge on travel and tourism. Therefore, the government focuses on the overall economy. 🛎️Foreign hospitality players will remain invested in India knowing the full potential of the Indian economy. So, there is no threat of them pulling out of #India. But it doesn’t mean that hoteliers should stop demanding. There is always a light at the end of the tunnel.

🔅India’s Tourism & Hospitality Industry: Part 3 💡Strategies Adopted & Growth Drivers 🔹In this carousel, I am breaking down key insights from the IBEF report on the Tourism & Hospitality sector in India. This is Part 3, covering Strategies Adopted & Growth Drivers 🔹The objective is to understand the Tourism & Hospitality industry better and share these insights to help others learn along the way. 🔹India's journey toward Tourism & Hospitality is filled with ambitious targets, growing investments, and strong government support. Let's explore how India is gearing up for the future #finance #linkedin #investmentbanking

Nifty India Tourism Index The constituents of this index are companies in the sub-sectors of hospitality, visa processing, airport operators, travel agents, luggage manufacturers, and QSR. All other sectors make sense, except QSRs. QSRs aren't related exclusively to tourism, but are frequented primarily by locals who are non-travellers. Recently, Kotak Mutual Fund has launched the NFO of its Kotak Nifty India Tourism Index Fund. The document says it's a "scheme replicating/tracking the Nifty India Tourism Index." The scheme has mentioned all the constituents of the Nifty India Tourism Index as potential candidates for constructing the scheme portfolio. I do understand that Nifty India Tourism Index is the underlying index for the scheme. But it might not be appropriate to simply use all the constituents of the index, as they are. I'd say QSRs ought to have been ignored when defining the universe for the scheme. #mutualfunds #MFs #nse #nifty50 #bse #sensex #index

With a growing economy, population, and current market performance, it seems the cards are stacked for India, its hospitality sector seems primed for growth. Streamlining bureaucracies, enhancing financial transparency, and tightening policies will further stabilize this growth, but the next 3-4 years appear promising for hotel development and market performance, barring any global catastrophe. Go India Go........ https://lnkd.in/dh7hVzqK

Jet. Set. Go. with Tata Nifty India Tourism Index Fund NFO, India’s first tourism index fund! Chalo, Tourism Ke Saath Chalo NFO Open Date: 8th July, 2024 NFO Close Date: 19th July, 2024   Why Invest? - Potential growth with India’s booming tourism sector. - Aims to benefit from rising disposable incomes and a growing middle class. - Seeks to leverage government infrastructure initiatives. Why Tata Nifty India Tourism Index Fund? - Exposure to leading tourism companies. - Aims to track the Nifty India Tourism Index. - Seeks long-term growth potential.   Who Should Invest? - Long-term growth seekers. - Risk-tolerant investors. - Focused investors.   Why an Index Fund? - Simple and cost-effective. - Transparent. - Typically, lower costs. Invest Now and be a part of India’s tourism growth potential. To know more visit: https://lnkd.in/dEvY4AwE #TataMutualFund #InvestInTourism #NFO #TourismBoom #MutualFunds #IndexFundSimpleHai #NFO #NFOAlert

Private equity firms are increasingly drawn to the Indian hospitality sector due to its promising growth prospects. India's robust economic growth, rising disposable incomes, and a burgeoning middle class fuel the demand for quality hotels and resorts. The country's rich cultural heritage and natural beauty attract domestic and international tourists, further boosting the sector. Despite being relatively underdeveloped, the sector offers significant opportunities for expansion and growth. Government support, easing of FDI norms, and simplified regulations create a favorable investment climate. The long-term potential, driven by urbanization, corporate travel, and MICE tourism, coupled with the scarcity of premium hotel assets, promises attractive returns on investment. Strategic partnerships with leading hotel chains can accelerate growth and enhance operational efficiency. Overall, the Indian hospitality sector's combination of strong fundamentals, government support, and long-term growth prospects makes it an enticing investment destination for private equity firms #kkr #tpg #blackstone #goldmansachs #cardoneequity #qatarinvestment #hendersonpark #samhi