The hotel industry in India has been evolving since long, though the situation was very different in the earlier days when India had just a few five-star hotels and a few budget hotels. However, today India is flooded with hotels and almost all major International Hotel brands have their presence and their clientele is quite diverse in nature. In India hotel is going through a major new phase with all the possible foreign brands. Since the country is booming overall with high growth and economy in sectors like Information Technology, Telecom, Retail, and Real Estate, naturally there is an increase in demand for hotels in the country. Further when India started with FDI (Foreign Direct Investment) more International brand started to come and now the big luxury brand like Ritz Carlton in Bangalore and St. Regis in Mumbai also has made its way. These international companies have brought a significant increase contributing to the economy.
Keywords: Attrition Rate, Information Technology, Telecom, Real Estate, Foreign Direct Investment.