An Analysis of Indian Hospitality Sector using ABCD Framework

Abstract

Purpose: The travel industry significantly supports India's economic development. Furthermore, in a country as different in scenes and culture as ours, the main normal travel and the travel industry is as essential as it seems today. The Indian vacation and lodging sectors have emerged as two main development engines in India's administrative regions. Given the country's diverse biological makeup, varied landscapes, and several locations of consistently high quality, India's travel business has significant potential. Like many other countries, India relies heavily on the travel industry for foreign trade. The ABCD structure is a powerful method of industry analysis for comprehending both the benefits and drawbacks of the jobs in the travel industry and the factors that support and hinder the successful operation of the given firm. Design/Methodology/Approach: This post focuses on the advantages, benefits, constraints, and disadvantages of the Indian tourism industry. Details about the Indian Pharmaceutical Sector are included in the material for the equivalent that is distributed. In addition to the ABCD Framework, other tools for industry analysis, like the PESTLE analysis, are used in the review based on material gathered from websites, diaries, articles, and online journals. Focused on industry-related items, took into account, evaluated, and compared various aspects of the lodging business Findings/Result: The advantages of the travel industry to the economy and local people of the nation have been numerous and changed. The business appreciates many benefits, the primary among them being the inflow of FDI, alongside progress in the, generally speaking, country's G.D.P., which has added to its development. The fundamental hindrance of the business is its unfavourable effect on the biology and over-commercialization of the business. Originality/Value: The ABCD model provides an overall view of the business and is used in this work to study the Indian tourism industry. Paper Type: Research Case Study based on industry analysis.