Tag: India

Delhi the asset of India is full of life and the city has a very rich civilization, architectural and historical inheritance. It is a flawless convergence of traditions and modernity. Delhi is the 3rd largest city on the earth; it is famous for marvelous forts, European style government buildings built during British Raj, the skyscrapers, effervescent nightlife and dynamic markets. Delhi is the axis of political administration and a house to many transnational companies. It is a significant administration, commerce and tourist destination.

Delhi is a frequently visited city in India. It has an exceptional dining and accommodation choices to cater the needs of the tourists. There are abundant hotels in Delhi offering immaculate services, amicable warmth and lavish accommodation. Hotels in Delhi can be classified as luxury hotels, resorts, eco-friendly hotels, three star hotels, five star hotels and budget hotels.

The luxury and five star hotels in Delhi provide state-of-the-art services and outstanding accommodation harnessed with all business amenities. The hotels in Delhi provide an ideal base for budget tourists and backpackers to travel around the city. Delhi also has a large number of hotels at cheaper rates, which are well accoutered with all latest amenities and catering to the demands of travelers visiting the city.

These hotels in Delhi are a yardstick in the hospitality industry. Delhi hotels offer soothe and amenities of world-class standards complemented with unmatched luxury. The hotels in Delhi offer outstanding wining and dining options and you may easily find your desired international cuisine. The rooms of these Inns are very homely. The hotels in Delhi are accoutered with all the amenities to make your stay a comfy and memorable one. Delhi hotels leave no stone unturned to make you feel at home although being away from home.

Delhi has a large number of International chains operating and providing their assistance to the tourists. Most of the prominent hotels are based in New Delhi. Apart from finest accommodation and food, the hotels in Delhi offer you many additional amenities such as Spa, swimming pool, fitness center business facilities, and car rentals. These hotels are perfectly placed at strategic points.

The list of hotels in Delhi can be found on various websites and you can book a room online. The booking can be made through email or phone.Harry is the author of Delhi hotels that gives complete information on online hotel reservation for hotels from budget to five star hotels.

Tax benefits/ incentives.
.Current projections in budget.

Hotel Industry in India currently has supply of 110,000 rooms and there is a shortage of 150,000 rooms fueling hotel room rates across India. According to estimates demand is going to exceed supply by at least 100% over the next 2 years. To overcome, this shortage Indian hotel industry is adding about 60,000 quality rooms, currently in different stages of planning and development, which should be ready by 2012.

Indias hotel industry comprises of four main categories star hotels, heritage hotels, budget hotels and unclassified hotels. It is expected that the budget and mid-market hotel segment will witness huge growth and expansion while the luxury segment will continue to perform extremely well over the next few years.

It is forecasted to be the number 3 market in the world by 2015 for hospitality and tourism.

The industry is growing at a very rapid pace and there is a demand for more rooms both in metros and smaller towns.

In short, the Indian hospitality industry is poised for tremendous growth as the demand-supply imbalance has prompted several national and international hotel companies to focus their energies towards expansion in India. The next few years will thus witness the opening of several hotels in India.

Regulatory policy

The Ministry of Tourism is the nodal authority & along Dept. of Tourism it is responsible policies promotion & regulation of hospitality industry particular hotels.

The following are the some of important guidelines issued by the Dept. of Tourism.

.Approval of Hotels at Project Stage and Classification & Reclassification of Hotels.
.Guidelines for Classification of Heritage Hotels.
.Time Share Resorts (TSR).
.Stand Alone Restaurants
.Guidelines for apartment hotels.
.Guidelines for approval of Guest Houses.

FDI in this sector is permitted up to 100 per cent on the automatic route. For foreign technology agreements, automatic approval is granted if:-

.Up to 3 per cent of the capital cost of the project is proposed to be paid for technical and consultancy services.

.Up to 3 per cent of the net turnover is payable for franchising and marketing/publicity fee, and

.Up to 10 per cent of gross operating profit is payable for management fee, including incentive fee.

Incentives

Tax incentives under the current Budget

.Five year holiday from income tax being granted to two, three or four star hotels established in specified districts having UNESCO-declared ‘World Heritage Sites’; the hotel should be constructed and start functioning during the period April 1, 2008 to March 31, 2013.

.FBT exempted on crche, employee sports, guest houses facilities.

.No specific projections for this sector under the Current Budget.

Conclusion

The thriving economy and increased business opportunities especially growth in the tourism in India have acted as a boon for Indian hotel industry.

The future scenario of Indian hotel industry looks extremely rosy. It is expected that the budget and mid-market hotel segment will witness huge growth and expansion while the luxury segment will continue to perform extremely well over the next few years.