The travel and leisure industry comprises of several industries that make up its network. These industries include art and attractions, exhibitions and dining, travel music and leisure activities, gambling, sports activities, lodging options and vacation destinations apart from companies that offer various forms of recreation and leisure. The travel and leisure industry is supported mainly because the general public places utmost importance upon taking annual vacations for the purposes of relaxation or education. Overall the travel and leisure industry can be summed up into four main sectors: entertainment, tourism, travel and recreation.
Entertainment consists of any activity that provides the general public with pleasure and relaxation during leisure time. Some of these activities include watching television, drama and stage performance, opera, attending theater, attending sports event and playing variety of board games or video games.
The Indian Travel, Hospitality and Leisure sector is expected to witness a compounded annual growth rate of 20% well up to 2020, making it one of the most exciting growth stories in the world of travel. With a whopping 740 million travellers, the domestic tourism market is growing at 20% per annum, while outbound travel is growing at an estimated 26 per cent per annum.
The leisure sector remained robust, with leisure destinations such as Goa, Coorg, Mussourie etc. continuing to see unprecedented growth. Growing purchasing power, improved connectivity and reduced seasonality have provided a boost to the resort segment with increased leisure and MICE business driving growth. Leisure markets continued to enjoy strong rates and improved occupancy levels across the country, with limited supply and strong potential for development in many leisure markets. Moving forward, hotels will need to continue to re-invent themselves and respond to the rapidly changing environment they operate in, in order to stay competitive. It is clear, however, that the industry is now on a steady recovery path. After strong resistance from a fluctuating demand environment and excess room inventory, the hotel industry is now well placed with the pace of room addition slowing down and domestic demand showing sure signs of stability and growth.
Indian Amusement Park Industry
The amusement and theme park industry in India is about two decades old and it is relatively new when compared to its origin in USA & Europe.
Facts on Indian Amusement Park Industry:
- The amusement industry in India is at a growing stage currently with more and more developments happening in this industry all across the country.
- The size of the Indian Amusement Park business is estimated to be around Rs 4000 crores and is estimated to grow by 10% per cent per annum in next couple of years.
- The amusement and theme park industry is deemed to be worth Rs. 10000 crores in India by 2020.
- Currently for a population of 1.15 billion in the country, there are only 120 amusement parks and 45 Family Entertainment Centers. This indicates that the growth potential of Indian amusement and theme park industry is substantial.
- The Indian small and big players in the Amusement Industry are looking at the tremendous growth potential of this industry in the next 5 years.
- Growth of India’s retail sector had been the main driving force for the amusement industry in India.
- Transport corridors like expressways and the Metro line are bringing an increasing number of people closer to entertainment hubs.
- The high growth potential of the industry in highly populated India will boost tourism, social infrastructural development as well as employment generation. The success and growth potential of this industry is resulting into the advent of new manufacturers of amusement parks’ rides in India.
Hotels & Hospitality Industry
India has the potential to become the number one tourist destination in the world with the demand growing at 10.1 per cent per annum. 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.
There is a huge tourism potential in the country and as a result hospitality industry will continue to grow at a substantially higher rate. India is projected to be the fastest-growing nation in the wellness tourism sector in the next five years and infrastructure development is an inevitable factor in order to support this growth. The Indian hospitality industry has experienced prominent growth in recent years due to various factors, including the rising purchasing power of domestic travellers, an increase in commercial development and foreign tourist arrivals, a growing airline industry and government-led initiatives aiming to stimulate the sector. There is a great deal of scope to expand tourism across India, and as the country improves air travel connections and relaxes visa restrictions, tourist arrivals should increase.
The Indian tourism and hospitality industry has materialized as one of the key drivers of growth among the services sectors in India. It contributes to 6.23 percent to the National GDP and 8.78 percent of the total employment in the country. Constant transformation, functional growth and improving standards have gained the hospitality industry of India approval all over the world.
Tourism in India has generated immense employment opportunities and is a vital source of foreign exchange for the country. The travel and tourism industry contributed Rs 2.17 trillion (US$ 36 billion) or 2 per cent to the country’s gross domestic product (GDP) in 2013.The figures are expected to rise to Rs 4.35 trillion (US$ 72.17 billion) by 2024.
The hotel industry in India is going through an interesting phase. One of the major reasons for the increase in demand for hotel rooms in the country is the boom in the overall economy and high growth in sectors like information technology, telecom, retail and real estate. Rising stock market and new business opportunities are also attracting hordes of foreign investors and international corporate travellers to look for business opportunities in the country.
Here are few Projects for Startups:
India is a booming hospitality market, yet it has minuscule contribution to the timeshare business model existing worldwide. USA alone comprises two-thirds of the global market. Though vacation ownership has been growing at a CAGR of 20 per cent for the last three-four years, and has become the reason for resort developments in India, the concept of timeshare is still not understood well enough here………….Read more
Golf is quite a respectable and expensive game. Participants of golf course are considered as regardable and honourable people of the society. Golf courses requires a large area of Land for playing the game as well as to accommodate the other amenities required for the participants. Need of Golf course is increasing rapidly all over the world with the development of standard of living of our society………….Read more
Indian traditions are so rich and our emotional standards are so high that most of the ceremonies/functions become simply a monument of show-off and extravagance. Banquet halls are within the reach of almost every strata of people. Moreover, the style of functioning of these banquet halls suits every Indian as well as foreigners…………Read more
RESTAURANT (WITH MICRO BREWERY)
A restaurant is simply a place to have food outside your home. It is smaller in size than a hotel as it does not have accommodation facilities. It is an establishment that serves the customers with prepared food and beverages to order, to be consumed on the premises. The term covers a multiplicity of venues and a diversity of styles of cuisine………….Read more
The human life in cities is becoming more and more mechanical because of noise pollution, environments pollution, increasing vehicular traffic and growing industrialization. To ease some of the tension of this monotonous life, people crave for relaxed and peaceful environment, where leisure along with children and family………..Read more
A safari park, sometimes known as a wildlife park is a zoo like commercial tourist attraction where visitors can drive in their own vehicles or ride in vehicle provided by the facility to observe freely roaming animals. Safari is trip on land usually in jungle or savanna environment which is engaged in for the purpose of viewing or hunting animals………Read more
HOLIDAY RESORT & ENTERTAINMENT CENTRE
There is rapid urbanisation cause of exploitation of nature. Due to exploitation of nature pollution will be increase and thus healthy human life has been suffered to want of clean air. Now in most of the town of the world has been full of dirty air, which causes of chronic diseases. The beauty of greenery has gone up………..Read more
FIVE STAR HOTEL
The hotel industry is an important component of tourism industry. Its foreign exchange earning capacity is also high. The irritation of economic reforms in this country gave a boost to the hotel industry. The demand for rooms in hotels by foreign businessmen has increased sharly. Understandly, most Indian hotel chains are pushing ahead with their expansion plans………Read more
FAST FOOD CENTER (RESTAURANT) WITH KIDS PLAZA
India is one of the most populations growing country of the world. Urgent need of human beings is food and dress. Now a day there is a scarcity of living place as well as open playground for children. Making of kid’s entertainment center with food center is one of the ways to fulfill the society’s need. Success of the venture depends upon the facilities provided………….Read more
AMUSEMENT PARK CUM WATER PARK
The human life in cities is becoming more and more mechanical because of noise pollution, environment pollution. For relaxed and peaceful environment, leisure and entertainment is required to children and family. There are various sources of entertainment like cinema, circus, tourist spots, videogame, orchestra etc……….Read more
FIVE STAR HOTEL & BUSINESS SHOPPING MALL
Five star hotel contents business center by making luxurious shops inside the hotel for selling consumer goods, articles and beverages, is wonderful combination for profit making center. Again if there is facility of p.v.r., health club, and banquet hall attract the tourist much more in that hotel. Now a days most of the citizens all over the world are conscious about their health, they want to make healthy body and physically fit throughout the life……….Read more
ENTERTAINMENT CLUB, 4 STAR HOTEL, AMUSEMENT PARK CUM WATER PARK, AND LAKE FOR BOATING
Holiday resort business is very flourishing business these days not only in India but it has brilliant prospects in foreign countries also. The place which was usually for the let out to travelers was taken as and the keeper, in accordance with the existing laws of the land, was obliged for providing shelter and food to those willing to pay price………..Read more
MULTIPLEX CINEMA HALL WITH SHOPPING, ARCADE AND FOOD PLAZA
There is rapid change of fashionable items with food habits and recreation center. Now a days cinema hall break down into small hall of accommodation about 50-60 person/hall. There is integrated cinema hall which is separated by well-built sound proof wall and each hall can operated different picture at a time……….Read more
In ancient India, there was large use of water in the Tapovana, and different Ashrams in the forests. Elephanta caves in the Maharashtra can be considered as Water Park. Now the water park is the good idea of amusement. It is very good assets created by human being to enjoy the natural scenery artificially, if situated near by forest or hilly area………..Read more
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