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Opinion Article Markets & Performance

Investing in Leisure in India: Exploring the Untapped Potential

The article evaluates the past performance and potential that leisure destinations hold for hotel development, and why hotel investors must look at investing in leisure destinations across India more actively.

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), leisure travel spends (inbound and domestic) generated 83.

Achin KhannaRishabh Thapar
By Achin Khanna and Rishabh Thapar
India
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Markets & Performance Asia Pacific India
Achin Khanna
Achin Khanna
Managing Director at HVS South Asia, HVS

Achin Khanna is the Managing Director of the Consulting & Valuation practice at HVS South Asia. He is a Member of the Royal Institution of Chartered Surveyors (RICS).

Rishabh Thapar
Rishabh Thapar
Director with HVS's MEA team, HVS

Rishabh is a Director with HVS's MEA team and is responsible for conducting consulting and valuation assignments in Sub-Saharan Africa. Over the past two years he has worked in various hotel markets across East, West and Southern Africa.

HVS
Consultant

HVS is the world's leading consulting and services organization focused on the hotel, restaurant, shared ownership, gaming, and leisure industries. Established in 1980, the company performs more than 2,000 assignments per year for virtually every major industry participant. HVS principals are regarded as the leading professionals in their respective regions of the globe.

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