Top Trends in Indian Hospitality and Tourism Industry in 2023-24

Whether we talk about the domestic or international level, the Indian hospitality and tourism industry is on a promising upswing. The proverb, “worthy one will get more praise”, is quite suitable for the Indian tourism sector. But how? Let’s explore. 

Considering hospitality and tourism a worthy sector, the GOI focuses on increasing tourism spots and their attraction points to influence numerous travellers towards the country. The interim budget was announced on 1 February 2024, in which Finance Minister Nirmala Sitharaman allocated INR 2449.62 Crores to the Indian tourism sector (Source: CNBCTV 18). It has increased 44.7% in comparison to the revised figure for the current fiscal.

A report stated that the direct contribution of the Indian hotel industry may lead to GDP (Gross Domestic Product) touching $1 trillion by 2047 (Source: Economic Times).

Therefore, pursuing a career in this cheerful industry might help you sustain a competitive edge and earn a better lifestyle. Moreover, to suggest the best place to study BBA (Hospitality & Tourism Operation), we can’t think of a better name than Manipal University, Jaipur.

Being one of the NAAC-accredited universities in Rajasthan, MUJ prepares professionals to contribute to the aim of becoming a $1 trillion economy by 2047.

To stay on top of all trends, one should learn about them efficiently. With a study on real-world tourism, we have analysed some of the critical trends to consider. Keep scrolling to explore them.

Hospitality and Tourism Outlook for 2023-24

The following key trends will likely shape the outlook of the hospitality and tourism sector in 2024.

1. Robust Domestic and Foreign Demand

Increasing demand for tourism destinations in India will undoubtedly expect the involvement of the government or other private bodies in its development. Because of an admirable demand, the hospitality sector in India reached $24.61 billion, which is further estimated to grow to $31 billion. India received 677.63 million domestic visits last year, 11.05% more than the previous year (Mordor Intelligence).

The best universities of Rajasthan organise guest lectures where students can interact with real-world professionals to address their doubts. It also helps them to build a valuable network.

2. Shift Towards Sustainable Practices

As travellers become more aware of environmental impacts, reducing carbon footprints has become essential in every sector. Likewise, businesses in the Indian hospitality and tourism industry are shifting towards sustainable practices: reduce, reuse, recycle, reengineer, and redesign.

To learn better with the study of Manipal University, Jaipur, explore the sustainability options adopted by Trident Hotels in India.

• Zero Liquid Discharge Facility
• Drawing Maximum Utility from Agro Waste
• Planting over 6 Lakh Trees
• Zero Solid Discharge
• Mindful Manufacturing

3. Evolution of Technology

Access to contactless technologies such as keyless entry, mobile check-in and so on are other factors that emphasise the growth of the Indian hospitality and tourism industry. Although professionals were expecting these trends to continue in FY 2023-24.

Additional investment in technologies by hotel businesses is crucial to offering guest experience and efficiency in operations.

While pursuing a BBA (Hospitality & Tourism Operations) from one of the best universities of Rajasthan, you will often work on different tech-driven tools to enhance your credibility to work on the real ground. Also, an internship opportunity in the last semester at Manipal University, Jaipur, teaches you about the practical application of such technologies in the hospitality and tourism sector.

4. Increase in the Number of Hotels

In the post-pandemic era, a strong recovery in demand encourages hotels to accelerate their growth plans.

In April 2023, hotel chains, including Hilton’s Waldorf Astoria and Minor Hotel’s Anantara Brands, will debut in Jaipur. Also, Fairmont Hotels & Resorts will initiate its operations in Agra by 2025.

Therefore, top universities of India are also targeting these hotel chains to place their students in top-tier positions. It would offer them the best career opportunities to work in hospitality and tourism.

5. Recent Affairs

Let's delve deeper into recent affairs to better understand current trends in how the government is trying to meet the demand for the extensive hospitality and tourism sector.

Chief Minister of Haryana, Manohar Lal Khattar, recently announced the Global City project in Gurugram. After completion, this project will emphasise hospitality zones, green spaces, water bodies, and its internal mass rapid transportation system. It will attract more foreigners to travel in this upcoming global city.

In 2023, the tourism and hospitality sector is set to leverage G20 meetings in India to elevate its reputation as a global tourist destination (Source: Economic Times).

What are the Impacts of Such Trends on the Indian Economy in the Post-Pandemic Era?

Why is a BBA (Hospitality and Tourism Operations) from Manipal University, Jaipur, an Ideal Choice for Career Growth?

BBA (Hospitality & Tourism Operations), a 3-year program from MUJ, will possibly be a stepping stone for students to utilise their interest and passion in the domain. But the question is how? Read on to explore.

• Being one of the NAAC-accredited universities in Rajasthan, it offers internships for holistic education during the last semester.
• Advantage of Jaipur city makes it a unique option to study hospitality and tourism aspects.
• Over 34 industry collaborations help this premier institution organise seminars, guest lectures, exchange programs, and internships.
• Students can access online resources like e-books from Pearson, NPTEL, and more.

Visit the official website for more about Manipal University, Jaipur courses and fees and enrol for admission in 2024.

To Conclude

Let’s wrap the discussion with the statement, “2023 was the 70-foot wave for the Indian hospitality and tourism that is every surfer's dream”. It is essential to consider the key trends to succeed in this sector. Businesses can stay ahead of their competitors by embracing the trends mentioned above and adapting to changes in traveller preferences.

Reference Links

https://www.cnbctv18.com/travel/interim-budget-2024-at-a-glance-fm-alocates-rs-2500-crore-for-tourism-related-development-18963321.htm#:~:text=In%20the%202024%20interim%20Budget%2C%20Finance%20Minister%20Nirmala,%E2%82%B92%2C400%20crore%20and%20later%20revised%20to%20%E2%82%B91%2C692.10%20crore.
https://economictimes.indiatimes.com/industry/services/hotels-/-restaurants/hotel-industrys-contribution-to-indias-gdp-to-hit-1-trillion-by-2047-hai/articleshow/102870459.cms
https://hospitality.economictimes.indiatimes.com/news/speaking-heads/hospitality-outlook-for-2023/99604268
https://www.mordorintelligence.com/industry-reports/hospitality-industry-in-india
https://jaipur.manipal.edu/fom/programs/program-list/b-hotel-management1.html