IT’S THE New Year and the hospitality sector is abuzz with a whole new energy. The direct contribution of tourism and hospitality to GDP is expected to grow at 7.5% p.a. and cumulative FDI inflows are pegged at USD 12.7 billion. Standing out as a fast growing, young nation in a world grappling with recession and ageing population, India definitely has that advantage. Yet with international chains expanding in South Asia and success of “sharing economy” driven by the new age millennial, hoteliers will have to be on their feet to not be left behind by the expected trends.

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