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Contribution of Tourism and Hospitality Industry in the Economy of India

Journal of Hospitality Application and Research

Volume 9 Issue 1

Published: 2014
Author(s) Name: Parul Mathur, Daleep Kumar | Author(s) Affiliation: Pacific Academy of Higher Education & Research University, Udaipur, Rajasthan, India.
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Abstract

The main purpose of this paper is to bring out that how the Tourism and Hospitality Industry contribute and playing a vital role in the economy of India. Also what is the data produce by the industry and what is the percentage of contribution in GDP in the previous years and current and what will be in future? In the introduction part of the paper put focus on the key players of the hospitality in India. The review of literature is showing the reviews of various officials and authors, what they explain that how the Indian economy effected by the tourism and hospitality industry time to time. The methodology is showing as the tools of the study, what are the earning sources of the industry. The finding and result highlights the Foreign Tourist Arrivals (FTA) and Foreign Exchange earnings (FEE) in India. How the various key players contribute in the economy of the country? How the Tourism & Hospitality Industry develop/maintain the economy of India during the period of recession, this can be easily understood able through the finding of this paper.

Keywords: Contribution, Tourism & Hospitality Industry, Hotels, Economy, Development, FTA, FEE, FDI

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