Investment Opportunities in Holiday Resort (Three Star Grade).

Investment Opportunities in Holiday Resort (Three Star Grade). Most Demanding Tourism Business Ideas.

A three Star hotel could be a hotel that provides average amenities, higher quality service, physical attributes and design. 3 star hotels aim towards meeting guest expectations and providing pleasant stay. These hotels are usually set near major express-ways, airports, business areas, convenient for shopping trips etc. They thereby provide their short term guests with a short, economical however comfortable stay.

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A three-star hotel isn't too cheap or too fancy it's just right. The owners want guests to feel relaxed and comfortable in their rooms without needing to spend too much money. There are typically restaurants and bars on-site, as well as assistance bringing your baggage to your room. The rooms are generally larger, more comfortable and with more furniture. Three-star hotels ordinarily have some unique amenities and provide quality service.

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?3 Star Hotel Provide Facilities

?Dining, Bars, Swimming pools, Lounges, Spas, Fitness centers.

Room facilities 3 star room facilities are: Wi-Fi & internet connection, Bedding, lines, 24 hours room service.

Public Area Facilities for 3 Star Hotel

v?24X7 Reception facility.

v?Availability of Room, F & B and other packages/tariff.

v?Heating and cooling to be provided in public areas.

v?Lounge or seating area in the lobby

v?Public restrooms for ladies and gents with soap and clean towels.

Washbasin with running hot and cold water, a mirror, a sanitary bin with a lid in unisex & girls toilet. The need for advancement of holiday resorts has been felt terribly recently because of advancement within the technology and trade because of that a lot of young million are have come into existence. This class of people and lots of people from higher and medium class wish to take advantage of this sort of holiday resort on many occasions.

After oil the globe tourism is the largest single item of international trade nowadays with the rise in education discretionary income and in leisure and paid holidays, travel that grown rapidly in recent years. The phenomenal growth of tourism is ganged from the very fact that the world spent 360 billion dollars as armament.

Importance of Holiday Resorts

Holiday resorts play an important role in most countries by providing facilities for the transaction of business, for conferences and conferences, for recreation and entertainment. In that sense resorts are as essential to economies and societies as are adequate transport, communication and retail distribution systems for various goods and services. Through their facilities, resorts contribute to the whole output of goods and services, that makes up the material well-being of countries and communities.

In several areas resorts are important attractions for guests who bring with them spending power that the locals and who tend to pay at the next rate than they are doing once they are at home. Through spending by visitors resorts therefore often contribute significantly to local economies each directly and indirectly through the subsequent diffusion of the visitor expenditure to the government. Offers and to different recipients within the community.

In areas receiving foreign visitors, resorts are typically necessary foreign currency earners and during this way may contribute significantly to their countries’ balance of payments. In countries with limited export possibilities, resorts is also one of the few prime sources of foreign currency earnings.

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Resorts are important employers of labour. Thousands of jobs are provided by resorts in the several occupations that make up the industries in most countries; many others in the business are self-employed and proprietors of smaller resorts. The role of resorts as employers is particularly important in areas with few alternative sources of employment, wherever they contribute to regional development.

Resorts are an important source of amenities for local residents. Their restaurants, lounge and other facilities often attract many local customers and many resorts have become social centers of their communities.

Resorts are important outlets for the products of different industries. Within the building and modernization of resorts, business is provided for the construction business and connected trades. Equipment, piece of furniture and furnishings are supplied to resorts by a wide range of manufacturers. Food, drink and different consumables are among the most significant daily resort purchases from farmers, fishermen, food and drink suppliers, and from gas, electricity and water companies. Additionally to those engaged directly in resorts, a lot of indirect employment is, therefore, generated by resorts for those utilized in industries supplying them.

Market Outlook

Today there are over 300 approved holiday resorts and hotels comprising nearly 19,000 guest rooms. But the increase in rooms and other supplementary forms of accommodation such as motels, youth hostels camp sanctuaries huts in resorts and has not kept pace with the demands.

Timeshare in India is clearly a front runner in the travel and hospitality industry. Looking at a share in the pie, the timeshare resort base has grown by over 50% over the last six years. We have 5, 00, 000 families subscribing to timeshare in India and the estimated market exceeds 3.5 million.

The Indian tourism and hospitality industry has emerged as one of the key drivers of growth among the services sector in India. Tourism in India has significant potential considering the rich cultural and historical heritage, variety in ecology, terrains and places of natural beauty spread across the country. Tourism is also a potentially large employment generator besides being a significant source of foreign exchange for the country. As of 2019, 4.2 crore jobs were created in the tourism sector in India, which was 8.1 per cent of the total employment in the country. The number is expected to rise by two per cent annum to 52.3 million jobs by 2028.

Indian Hotel Industry has supply of 110,000 rooms. According to the analysis of tourism ministry, 4.4 million tourists visited India last year and has risen to 10 million in 2010 - to accommodate 350 million domestic travelers.?The Hotel Industry in India is at the verge of making 150,000 rooms fueling hotel room rates across India. There is tremendous opportunity for India as a destination for hotel chains looking for growth.

India is that the most digitally advanced traveller nation in terms of digital tools being used for planning, booking, and experiencing a journey. India’s rising middle class and increasing disposable income has supported the growth of domestic and outbound business. International hotel chains are increasing their presence within the country, and it will account for around 47 per cent share within the tourism and hospitality sector of India.

On the domestic front, the government has recently come up with the ‘Dekho Apna Desh’ scheme to persuade citizens to explore the country. As an incentive, travel expenses will be covered by the Ministry of Tourism for any person who visits and documents 15 domestic tourist destinations within a year. One of the biggest target audience for this initiative is the country’s rapidly growing middle class with rising disposable incomes and a newfound passion to travel. This is clearly seen when one looks at the domestic tourism numbers. In 2018 alone, over 1,854 million domestic tourist visits were made across all Indian states and union territories, resulting in the highest flow of domestic tourism in over a decade.

The World Travel & Tourism Council (WTTC), the global authority on travel and tourism, has done ‘India 2019 Annual Research’, which shows that travel and tourism in India contributed 9.2% of the GDP and provided 42.7 million jobs or 8.0% of the total employment.

Government Initiatives

The Indian Government has realized the country’s potential in the tourism industry and has taken several steps to make India a global tourism hub.

Some of the major initiatives planned by the Government of India to boost the tourism and hospitality sector of India are as follows:

Ministry of Tourism launched DekhoApnaDesh webinar series to provide information on many destinations and sheer depth and expanse on the culture and heritage of India.

Ministry of Tourism launched Audio Guide facility App called Audio Odigos for 12 sites in India (including iconic sites).

Prime Minister, Mr Narendra Modi urged people to visit 15 domestic tourist destinations in India by 2022.

Statue of Sardar Vallabhbhai Patel, also known as ‘Statue of Unity’, was inaugurated in October 2018. It is the highest standing statue in the world at a height of 182 metre. It is expected to boost the tourism sector in the country and put it on the world tourism map.

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Government of India is working to achieve one per cent share in world's international tourist arrivals by 2020 and 2 per cent share by 2025.

Under Budget 2020-21, the Government of India has allotted Rs 1,200 crore (US$ 171.70 million) for development of tourist circuits under Swadesh Darshan for eight Northeast states.

Under Budget 2020-21, the Government of India has allotted Rs 207.55 crore (US$ 29.70 million) for development of tourist circuits under PRASHAD scheme.

In 2019, Government reduced GST on hotel rooms with tariffs of Rs 1,001 (US$ 14.32) to Rs 7,500 (US$ 107.31) per night to 12 per cent and those above Rs 7,501 (US$ 107.32) to 18 per cent to increase India’s competitiveness as a tourism destination.

In September 2019, Japan joined a band of Asian countries, including Taiwan and Korea among others, to enter India’s tourism market.

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Achievements

Following are the achievements of the Government during 2019-20:

During 2019-20, an additional fund Rs 1,854.67 crore (US$ 269.22 million) was sanctioned for new projects under the Swadesh Darshan scheme.

Ministry of Tourism sanctioned 18 projects covering all the North Eastern States for Rs 1,456 crore (US$ 211.35 million) to develop and promote of tourism in the region under Swadesh Darshan and PRASHAD schemes.

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Statue of Sardar Vallabhbhai Patel, also known as ‘State of Unity’, was inaugurated in October 2018 and the total revenue generated till November 2019 stood at Rs 82.51 crore (US$ 11.81 million).

Key Players

Advani Hotels & Resorts (India) Ltd.

Alchemist Hospitality Group Ltd.

Bekal Resorts Devp. Corpn. Ltd.

Cambay Hotels & Holidays Ltd.

Clover Residency Pvt. Ltd.

Manipal Integrated Services Pvt. Ltd.

Leela Palaces & Resorts Ltd.

Jungle Lodges & Resorts Ltd.

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