Vol. 3, Issue 3 (2018)
The role of tourism in GDP-trends and future challenges
Author(s): Amit, Reena
Abstract: In the developing countries tourism industry is becoming one of the major employers. Hospitality and tourism has occupied a vital place in business studies all over the world. There are very many reasons as to why this sector is growing and has become a vital sector of the economy. Economic reasons include the fast growth in world market due to globalization of business by many countries of the world. Globalizing the business activity has created greater demand for services such as communication, transport and a good hospitality and tourism services. The success of tourism industry is considerably influenced by consumer orientation which necessitates integrated development of all the related components like transportation facilities, hotel, communication, availability of travel agents, tourist guides etc. Among all other tourism products this study focuses only on the hotel industry, because it is one of the most essential components of the tourism industry. The present research paper is based on secondary data collected from various published and non published sources. Study concludes that India is the growing very fast in all segments of tourism and hospitality and that sing highly positive for our economy in near future.