Do you know that the Indian hotel industry’s contribution to the country’s GDP will reach USD 1 Trillion within 2047? Yes, the reason for this is the significant popularity of domestic tourist spots and the arrival of international tourists.

As per the Vision 2047: India’s Hotel Industry report by the Hotel Association of India and Benori Knowledge, the direct contribution to the Hotel industry to GDP was USD 40 billion in the year 2022, and it is expected to reach 68 billion within 2027. As per this report, if the tourism industry continues to flourish in the current phase, its contribution to GDP will be 1 trillion within 2047.

What steps must be taken to reach the 1 trillion GDP mark within 2047?

The hospitality sector also pointed out that to achieve this target by the hospitality sector, the accommodation facilities should go beyond the metros to the 2-3 tier cities and the rural places. The entire contribution includes aspects of different services expanding the industry verticals like food and beverage, salons and spas, and also excluding the consideration of market growth and taking scenario-based contribution estimations.

As per the report, the estimated growth can happen due to factors like GDP growth, an increase in the overall income level, and an increase in the inflow of domestic tourists and foreign travellers. Domestic tourist visits to India are expected to increase from 677 million in 2021 to 1.5 billion in 2030 and 15 billion by 2047.

In the same way, foreign tourist arrivals have increased from 1.5 million to 15 million in 2024 and will touch 25 million by 2030 and then to 100 million tourists in 2047. As more and more national and international tourists are visiting several states of India at a greater pace for business and travel reasons, more and more hotels and resorts are being built to fulfil the tourists’ needs. It gives way to the rise of the hospitality industry, which is booming in this country.

What Makes The Hotel Management Courses Demanding?

Many colleges and educational institutes are opening hospitality and hotel management courses for candidates eager to join this sector. Hotel management studies provide various benefits like great opportunities to travel worldwide, good salary packages, health and life insurance benefits, etc.

If you are one of those who want to join a reputed Hotel Management College in Kolkata, W.B. can definitely choose Hotel Operational Training School. It aims to provide the best courses for students to explore the tourism industry. To know more about the course details and packages, contact us now.