In 1971-72, an excellent castle of Rajasthan was connected up to the Taj, the

lake royal residence in Udaipur, a marble dream, above water lake pichola and
the Rambagh castle, initially made at the stature of Rajput wonder in Jaipur. In
1903 he collected account put away his own cash, recruited the best designers
and experts and assemble the wonderfully lovely Taj Mahal inn in Bombay with
220 rooms. Mohan Singh Oberoi took Carlton inn in Shimla on rent in 1927,
renamed as Clarks lodging. He took a structure in 1933 and assembled
excellent inn in Calcutta.
Three Welcome Group Hotels were appointed somewhere in the range of 1975
and 1977; these were non-diversified inns, enlivened by the motto "Be Indian,
Buy Indian" and utilizing Indian aptitude. At last, be that as it may, these
lodgings embraced the Sheraton framework in 1978 and utilized the
administrations of ostracizes for the reasons for redesigning staff preparing
and introducing Sheraton working frameworks all without an administration
contract. This gave the Welcome Group a decent beginning.
At the point when India consented to host the 1982 Asian Games, the GoI
allowed licenses for building inns to the Taj Palace, Asian Hotels Hyatt Regency,
India Tourism Development Corporation – Lodhi Hotel, Samrat Hotel, Kanishka,
Le Meridien, and Surya Sofitel, with the specification that their new inns
possessed to be finished in energy for the games. India facilitated the
Commonwealth Games in 2010, at Delhi. It was India's best Commonwealth
Games to date with Indian competitors winning 38 gold, 27 silver and 36
bronze decorations. This likewise added to development of Hotel industry in
India.
 Future Initiatives
The COVID 19 pandemic has led to demand destruction in excess of 90 per cent
for the tourism and hospitality sector which employs nearly 4.5 Crore people;
provides living to around 16 crore people, and contributes 9 per cent to India’s
GDP. Study by McKinsey identified Airlines and Hotels as the worst impacted
sector in India; with around 75 per cent output decline in Q1 FY21 vs. Q4 FY20.
Also, the hotel sector features in the list of strained sectors on Debt Service
Coverage Ratio. The revenue loss to the hotel's industry is expected to be to
the tune of Rs. 90,000 crore in the year 2020.
While the RBI has announced an immediate term to avert the crisis by allowing
relief on loan moratorium on interest and principal repayment for 3 months
(later extended to 6 months but that will only help the industry to survive in
the short term which may not suffice for revival and subsequent thrival of
Indian hospitality which has attained great heights globally for its service
standards.
On behalf of the Indian hospitality sector, the Hotel Association of India (HAI)
has been recommending more relief measures for the survival, revival, and
thrival of the sector to the mutual advantage of the Industry, the RBI and the
national economy.
The four key factors are working in tandem against the hotel sector today:
 Hotel demand has been extinguished as it is highly discretionary. This
has been exacerbated by the absence of air travel, corporate
restrictions, cancelation of holidays, state lock-downs and imposition of
quarantine on travellers.
 70 per cent of the hotel’s costs are fixed in nature, mostly towards
payroll expenses and Government levies.
 Hotels are capital intensive with a long gestation whereas debt offered is
typically short term and high cost rendering the sector highly sensitive to
demand destruction.
 The negative outlook on the industry has made it unattractive for
lenders leading to a liquidity crunch and increased rates of interest to
cover for the perceived risk.