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Indian Hospitality Industry Performance Report

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This year has not been good for any of the Industry, except I guess for Medical Industry in India (Thanks to Swine Flu, recession related diseases :)).

The tourism in India has seen a steep decline over last 12 months and the effects of that have seen Hospitality Industry in India cut to half.

ASSOCHAM recently released the report on the performance of Hospitality Industry. Mumbai terrorist attack combined with the global slowdown, have severely impacted the bottom line to the extent of 64 per cent of the Indian hospitality sector, as per the analysis carried out by the Associated Chamber of Commerce and Industry of India (ASSOCHAM).

Here are some of the key findings of the report:

  • The average net profit of 10 hotels has declined by 65 per cent in Q4 FY ’09 as compared to the Q3 FY ’09.
  • Out of these 10 hotels, in Q4 FY ’09, 8 hotels have registered decline in net profit on sequential basis.
  • The interest cost of 10 hotels went up by 51.65 per cent in the fourth quarter of FY ’09.
  • The fall in total income was about 4.47 per cent as compared to the third quarter of FY ’09.
  • The total expenditure in fourth quarter of FY ’09 rose by 7.47 as compared to the third quarter of FY ’09.

I think that we now have seen the worst (atleast I hope so), and the coming quarters will see a turnaround. Hoping for a much better 2010

Here is the complete report by ASSOCHAM:

  1. Vikas Verma says

    Good One!

  2. Vikas Verma says

    Good One!

  3. its true the average footfall decreased this year but medical visits increased as our guest house in nearby medanta medicity, fortis, max healthcare and artemis in gurgaon the visitors footfall for medical treatment is increasing day by day.

  4. James says

    I am a CA by profession and I was looking to get some latest India GDP news so I stopped at your blog. I also like to share with you that according to Nasscom study, the current size of BPO industry is $11 billion and it is expected to grow by five-fold in size to $50 billion by the year 2012. This growth in Indian BPO will add nearly 2.5 percent to the India’s GDP from the export earnings and employment to nearly 2 million people.

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