Tourism in India has significant potential considering the rich cultural and historical heritage, variety in ecology, terrains, and places of natural beauty spread across the country.
Tourism is also a potentially large employment generator besides being a significant source of foreign exchange for the country. During January-October 2018 FEEs from tourism increased 8.30 percent year-on-year to US$ 23.54 billion.
Indian Hotels Company Limited (IHCL) provides a fusion of warm Indian hospitality and world-class services to its guests. The group was incorporated in 1903 with its first-ever hotel-The Taj Mahal Palace, Mumbai. It is present in 12 countries across four continents including India, North America, United Kingdom, Africa, Sri Lanka, etc.
The group has a portfolio of about 165 hotels including 20 under development properties. During 2017–18, the group recorded revenue of Rs 2,639.34 crore (US$ 409.52 million).
Taj, Vivanta, and The Gateway are the three award-winning brands functioning under the group with 37, 33 and 28 hotels operating under the brands respectively.