FOREWORD
The results of the survey conducted by CII among members of Hospitality Industry in February 2012 was received as a heart-warming news by the Hotels all over India. Following is an excerpt from the findings:

"Despite the economic slowdown, India's hospitality sector is likely to witness high growth in the long run, the sector will be driven by increasing domestic travel, according to a study by Confederation of Indian Industry (CII).
Industry body CII and consultancy firm PwC said in a joint study, "The majority of respondents from the hospitality industry believed India will not be affected by the economic downturn over the long run. The growth in the sector is largely expected from domestic travel - business or leisure."
With consumers becoming more demanding and price-conscious, the budget and mid-market segments are the possible growth areas, according to CII. "Therefore, budget and mid-market segments have emerged as the most preferred investment categories," the study said.
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