#1
10th May 2017, 08:59 AM
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Hotel Industry MBA Project
I am in Final Semester of MBA Program. I have to make a Project on Hotel Industry. I need a sample project, so someone is here who will provide link to download sample MBA project based on Hotel Industry?
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#2
10th May 2017, 09:36 AM
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Re: Hotel Industry MBA Project
As you want sample MBA project based on Hotel Industry, so here I am providing a project for your reference: MBA Sample Project on Hotel Industry Growth drivers The fortunes of the hospitality industry are closely linked to the tourism industry and hencetourism is one of the most important growth drivers. In addition, all factors that aid growth inthe tourism industry also apply to the hospitality industry. The Indian hospitality industry hasrecorded healthy growth in recent years owing to a number of factors: Increased tourist movement Increased FTAs and tourist movement within the country has aided growth in the hospitalityindustry. Healthy corporate profits and higher disposable incomes with easier access to financehave driven the rise in leisure and business tourism, thus having a positive impact on thehospitality industry. Economic growth India is one of the fastest growing economies in the world. It recorded healthy growth in the past few years, at more than 9% each during FY06-FY08. Despite the global economicslowdown, the Indian economy clocked growth of 6.7% and 7.4% in FY09 and FY10respectively. Attractiveness of India has encouraged foreign players to set up their operationalfacilities in the country. Domestic industries have also made heavy investments to expand their facilities through Greenfield and Brownfield projects. Changing consumer dynamics and ease of finance The country has experienced a change in consumption patterns. The middle class populationwith higher disposable incomes has caused the shift in spending pattern, with discretionary purchases forming a substantial part of total consumer spending. Increased affordability andaffinity for leisure travel are driving tourism in India and in turn aiding growth of the hospitalityindustry. Emergence of credit culture and easier availability of personal loans have also drivengrowth in the travel and tourism and hospitality industries in the country Measures undertaken by the government Various policy measures undertaken by the Ministry of Tourism and tax incentives have alsoaided growth of the hospitality industry; some of them include: Allowance of 100% FDI in the hotel industry (including construction of hotels, resorts,and recreational facilities) through the automatic route Introduction of ‘Medical Visa’ for tourists coming into the country for medical treatment Issuance of visa-on-arrival for tourists from select countries, which include Japan, NewZealand, and Finland Promotion of rural tourism by the Ministry of Tourism in collaboration with the United Nations Development Programme Elimination of customs duty for import of raw materials, equipment, liquor etc Capital subsidy programme for budget hotels Exemption of Fringe Benefit Tax on cr |
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