Our Services : Industry Domain 1 : Hospitality and Tourism
The Indian travel, tourism and hospitality sector accounts for around 2% of India’s GDP and is estimated at USD 36 Bn in 2012. India is today a leading tourist destination with inbound traffic having grown at 7% CAGR between 2006 and 2011 to reach 6.3 mn arrivals. Simultaneously, outbound traffic from India has also grown at 11% CAGR to reach 14.2 mn people. The hospitality sector in turn has benefited with both the luxury and mid-market segments witnessing the entry of several new domestic and international players, thus intensifying the competitive landscape.
India’s unfolding growth story is expected to have a positive impact on the sector with inbound and outbound traffic expected to grow over 10% each over the next few years resulting in an overall market of USD 125 Bn by 2023. Favourable demographics and rapid economic growth point to a long term growth in the demand for both business and leisure hotels. Online travel presents another rapidly growing segment. The Indian outbound travel market also holds significant potential that travel service providers could tap into to address a rapidly growing base.
The Hospitality & Tourism practice has significant expertise in the travel, tourism and hospitality sectors having engaged with several leading players, industry associations and Government advisory bodies. We have assisted multiple clients across several assignments such as:
Our differentiator is our ability to provide unique India insights and develop actionable solutions resulting in high client impact.
Winston Churchill, a leader of outstanding qualities, once said,
"A pessimist sees the difficulty in every opportunity, An optimist sees the opportunity in every difficulty."