Investing in Leisure: Exploring the Untapped Potential

Achin Khanna | August 6, 2015

By Achin Khanna and Rishabh Thapar Introduction The article evaluates the past performance and potential that leisure destinations hold for hotel development and why hotel investors must more actively look at leisure destinations across India. Travel and Tourism in India Where are the spends? India is well on its way to be the third-largest economy in the world after China and the USA and the direct contribution of Travel & Tourism to the country's GDP is forecast to grow by 7.2% per annum from `2,478.2 billion (2.2% of GDP in 2014) to `5,339.2 billion (2.5% of GDP) by 2025¹. According to the World Travel and Tourism Council (WTTC)...