Industry Profile
Why Goa - The world's best hospitality destination?
Thanks to the efforts of the government, Goa has emerged as India's premier and most expansive market for the Hotels, Restaurants and Catering (HORECA) segment. But Goa is more than that. Consider this:
- All related segments of the industry covered
- Live theater, training & demos by celebrity chefs
- The success stories of entrepreneurs & professionals
- Latest government regulations for food, safety & hygiene
- Authorities conduct conference sessions, seminars & work-shops
- Sales, Business, Marketing, Branding, Purchases & Interaction
- Active participation of all related associations in the country, etc.
- Goa is India's richest state, with a GDP per capita that is two and a half times that of the country as a whole.
- Goa's food market is Rs. 10000 crores & the tourism related food market in Goa is Rs. 5000 crores - with a 5 - 10 % growth rate
- The Tourism Master Plan estimates an additional bed requirement of 2914 in the Star category and 4186 in the non-Star categories
- The Goan domestic food market is US $ 17 Billion and growing at a rate of 5 % approx. The scope for agro, seafood and processing is huge.
- Goa is merely a few hours away from Mumbai, the country's largest importer of food, drink and hospitality products, besides being India’s commercial capital.
Hence, it is only natural that Trinity's flagship international property - India Hospitality + F & B Pro Expo is held in Goa. And, marketed not just all over India, but the world - with the support of government and industry.
India's Hospitality Industry - We let the stats speak !
- The quick service and dining out market is growing at the rate of 21% annually
- A worldwide launch of the Incredible India campaign is scheduled from this year
- Business travel spending is expected to triple by 2030 from US$ 30 billion in 2016
- Global estimates place India among the top 5 business hospitality markets by 2030
- Hospitality and Tourism contribution to GDP in 2016 was estimated around US$ 47 billion
- Hospitality is in the top 10 sectors in India attracting the highest foreign direct investment
- Indian hospitality clocks at CAGR of 14% with 15.3 Millions tourist arrivals expected by 2025
- The Union Budget 2017-18 gives a boost to the hospitality sector by setting up of five special zones
- The organized hospitality industry is growing at 16% p. a. & expected to cross IN Rs 25,000 crore by 2018-19
- Pan India existing hotel rooms number 1,30,000 and an additional requirement in 2 to 3 years is 50,000 rooms
- Mid hotels are expected to receive an investment of IN Rs 6600 Crore (US$ 990 million) excluding land over next five years.
- During April 2000 – March 2017, the hotel and tourism sector attracted around US$10.14 billion of FDI, according to official data
- Hospitality & Tourism sector's contribution to GDP is projected to grow at 7.2 % and will reach a whopping $ 160.2 billion by 2026
- The net worth of the over 1.5 Million food joints and restaurant industry is around IN Rs. 75000 crores and its growing at 7% annually
- Mumbai is the largest hospitality market with 12,807 rooms, followed by Delhi with 11,338 rooms and Bangalore has around 9000 rooms
- The catering services industry has been consistently growing at the annual growth rate of 15 to 20 percent and in 2016-17, crossed IN Rs. 40,000 crores
- The Indian hospitality and tourism industry accounts for 7.5 per cent of the GDP with an estimated US $47 Billion in direct contribution to the GDP in 2016
- The HVS report, " Hotels in India – Trends and Opportunities" estimates that over the next five years, each of the major metros will see an increase of at least 10,000 rooms