A Study on Liquidity and Solvency Analysis of Indian Hotel Industry

Abstract

The India tourism and hospitality industry has emerged as one of the key drivers of growth among the services sectors in India. Tourism in India is an employment generator and a significant source of foreign exchange for the country, apart from being an economic activity that helps local and host communities. In 2013, the travel and tourism industry contributed Rs 2.17 trillion or 2 per cent to the country‟s gross domestic product (GDP). This is expected to rise to Rs 4.35 trillion in 2024.