Going Places Amid The Disruption In Hospitality Industry

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Going Places Amid The Disruption In Hospitality Industry

The hospitality industry is one of the oldest industries in the world, and its significant evolution along the years has had a prolific effect on the growth of travel & tourism industry taking the global valuation to $570 billion in 2019, and more thereafter. Even, in India, at present, the tourism sector is one of the most vibrant tertiary activities and a multi-billion industry. According to Market data forecast reports, the Global Tourism and Hospitality Market is valued to be around $9 trillion by 2027, exhibiting a CAGR of three percent during 2022-27. Contributing to 10 percent of the world's GDP, the Tourism and Hospitality market is the largest industry in the world.’