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Information @ a Glance

General

  • Hospitality refers to the relationship process between a guest and a host, and it also refers to the act or practice of being hospitable, that is, the reception and entertainment of guests, visitors, or strangers, with liberality and goodwill.

  • Hospitality frequently refers to the hospitality industry jobs for hotels, restaurants, casinos, catering, resorts, clubs and any other service position that deals with tourists.

  • Hospitality is also known as the act of generously providing care and kindness to whomever is in need.

  • The concept of Hospitality Services, also known as “accommodation sharing”, “hospitality exchange”, and “home stay networks”, refers to centrally organized social networks of individuals who trade accommodation without monetary exchange.

  • Tourism is an important industry in Indian economy contributing around 6.8 per cent of the Gross Domestic Product and providing employment to over 41 million persons.

  • According to a research India and China will be the new global players competing for a huge chunk of tourists, transforming the geopolitical landscape.

Market

  • The Indian tourism and hospitality industry is on a roll, driven by the huge surge in both business and leisure travel by domestic and foreign tourists.

  • The country's travel and tourism industry is expected to generate approximately US$ 100 billion in 2008, rising to Rs 15 US$ 275.5 billion by 2018 over the next ten years.

  • The growth of tourist inflow into India was well above world average, leading to a rise of India's share in World arrivals from 0.37 per cent in 2001 to 0.53 per cent in 2006.

  • Continuing the foreign tourists' interest in the country, the first four months of 2008 recorded a growth rate of 11.9 per cent (in tourist arrivals) over the corresponding period in 2007, receiving 2.02 million in foreign tourist arrivals.

  • Simultaneously, foreign exchange earnings grew by a much faster rate at 28.9 per cent in 2008, against 20 per cent during corresponding period in 2007. Total foreign exchange earnings totalled US$ 4.84 billion, against US$ 3.76 billion in 2007.

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