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Follow on Google News | India Hotel Industry Outlook – Rise in tourism with foreign investments fostering growthNetscribes, Inc. launches a report on the Hotel Industry in India 2014 covering a market with strong growth potential. It is a part of Netscribes’ Retail and Services Industry Series.
By: Netscribes.Inc Netscribes’ latest market research report titled Hotel Industry in India 2014 states that the increasing tourist footfall both domestic as well as foreign has been instrumental in bolstering growth of hotels across the country. Rising number of tourists is also aided with the ever increasing disposable income at the hands of common people who indulge in short trips throughout the year. Factors like medical tourism and government support augur well for the sector’s growth. Another recent phenomenon witnessed in the country is the upsurge of corporate events especially for companies and business travelers which again lead to the rise in demand for hotel rooms. Further, the sector has also witnessed rise in foreign investments especially for setting up new hotels which reason out why the sector is being looked at as one of profound growth for years to come. End
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