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Holiday Resort Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost and Revenue, Plant Economics, Working Capital Requirement, Plant Layout

Friday, June 30, 2017

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A Holiday resort is a self-contained commercial establishment that endeavors to provide most of a vacationer's wants, such as food, drink, lodging, sports, entertainment, and shopping, on the premises. A resort is not always a commercial establishment operated by a single company, although in the late twentieth century this sort of facility became more common.

The need for advancement of holiday resorts has been felt very recently due to advancement in the technology and industry due to which a lot of young million are have come into existence. This class of people and many people from higher and medium class like to take advantage of this type of holiday resort on many occasions.

Tourism in India accounts for 7.5 per cent of the GDP and is the third largest foreign exchange earner for the country. India is a large market for travel and tourism. It offers a diverse portfolio of niche tourism products - cruises, adventure, medical, wellness, sports, MICE, eco-tourism, film, rural and religious tourism. India has been recognised as a destination for spiritual tourism for domestic and international tourists. Holiday resorts business is very flourishing business these days, so it is a good project for investment.

Few Indian Major Players are as under:

1.  Amanbagh Resort

2.  Park Hyatt Goa Resort and Spa, Cansaulim, Goa

3.  The Oberoi Cecil, Shimla, Himachal Pradesh

4.  Ananda Spa Resort, Rishikesh, Uttarakhand

5.  Shaam-e-Sarhad Village Resort, Kutch, Gujarat

Top Timeshare Companies of India:

·        Club Mahindra

·        Sterling Resort

·        Club group of Hotels

·        Toshali Resort

·        Royal Goan Beach Club Resort

·        Country Vacations

·        Cambay Resort

Market Outlook

Vacation Ownership Industry – India

Timeshare first made its entry into India a little over thirty years ago, bringing in the never-before concept of long-term vacation ownership. Initial formats offered just a roof over your head, in a holiday setting – the attraction those days was a one-time purchase that gave you free holidays every year.

Timeshare in India is clearly a front runner in the travel and hospitality industry. Looking at a share in the pie, the timeshare resort base has grown by over 50% over the last six years. We have 3, 50,000 families subscribing to timeshare in India and the estimated market exceeds 3.5 million.

The industry here has been growing at anywhere between 18-20 percent, year-on-year over the last five years. There is a visible increase in the number of sign ups, because vacation seekers are entering the timeshare market in a big way – an indication of changing trends.

Tourism & Hospitality Industry in India

The Indian tourism and hospitality industry has emerged as one of the key drivers of growth among the services sector in India. Tourism in India has significant potential considering the rich cultural and historical heritage, variety in ecology, terrains and places of natural beauty spread across the country.

India is expected to move up five spots to be ranked among the top five business travel market globally by 2030, as business travel spending in the country is expected to treble until 2030 from US$ 30 billion in 2015.

International hotel chains will likely increase their expansion and investment plans in India, and are expected to account for 50 per cent share in the Indian hospitality industry by 2022, from the current 44 per cent.

The tourism and hospitality sector is among the top 10 sectors in India to attract the highest Foreign Direct Investment (FDI). During the period April 2000-December 2016, the hotel and tourism sector attracted around US$ 9.93 billion of FDI.

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