Tourism is a booming industry in India. With the number of domestic and international tourists rising every year, this is one hot sector entrepreneurs must focus on. India with its diverse culture and rich heritage has a lot to offer to foreign tourists. Beaches, hill stations, heritage sites, wildlife and rural life, India has everything tourists are looking for.
But this sector is not well organised. India lacks trained professionals in the tourism and hospitality sectors. Any business in this sector will thrive in the long run as the demand contuse to grow every year.
Tourism in India is the largest service industry, with a contribution of 6.23% to the national GDP and 8.78% of the total employment in India. India witnesses more than 5 million annual foreign tourist arrivals and 562 million domestic tourism visits. The tourism industry in India generated about US$100 billion in 2008 and that is expected to increase to US$275.5 billion by 2018 at a 9.4% annual growth rate. In the year 2009, 5.11 million foreign tourists visited India.
India's 5,000 years of history, its length, breadth and the variety of geographic features make its tourism basket large and varied. It presents heritage and cultural tourism along with medical, business and sports tourism. India has a growing medical tourism sector. The 2010 Commonwealth Games in Delhi are expected to significantly boost tourism in India.
Having said all this you must now be aware and up for entering the tourism sector. One can step into this industry by many ways. This may be through the path of travel agencies, which may be called biggest part of the tourism sector. Arranging all the stay of the tourists with their sight seeing and food is the basic thing which can be done on the domestic front and on the international front you can also go in for the passport and visas services. But this type of business needs contacts so we would recommend you to start at a local level and slowly spread your contacts as well as the expertise
The another way is to jump into the hospitality sector. Opening up a hotel at premium tourist destination which offers great service will not go out of notice. Once up and running you can make your own packages and offer it to your customers. This is a segment which needs capital which may be small or large. A large capital would make it a premium hotel and would source in some good amount of money. But you can also start off with a small capital as there are not so many rich people in this world.
Hope this idea triggers your business quotient but if not stay tuned for more business ideas. In the meanwhile go to our partner sites and see what they have to say. You can find their links to your left or at the top and bottom.
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