Abstract:
Tourism plays a very important role in development of city and it’s also a huge source of revenue for many countries. World Tourism Organization defines the word tourism as "traveling with staying in a particular place outside one’s own city or country for less than a year for recreation, business and other purposes".
The Indian tourism and hospitality industry is top among the services sectors in India. It contributes 6.23% to the National GDP and 8.78% of the total employment in the country1. Constant revolution, functional success and upgrading standards have extended the hospitality industry of India approval all over the world. The industry is divided in two segments: • Tourism: The tourism sector includes medical and healthcare tourism, adventure tourism, heritage tourism, ecotourism, rural tourism, wildlife tourism and pilgrimage tourism. • Hotels: These include business hotels, resort hotels, airport, extended apartment hotels, resort hotels, timeshare hotels, casino hotels, convention centres and conference centres2.
Accommodation plays a major role in a traveller’s overall experience of visiting a place. It is one of the premium part of traveller’s expenditure. Thus, hotel plays an important role in growth of tourism sector worldwide. lack of hotels near tourist destination or within a well-developed city can be the reason for failure of tourism industry E.g. “Dublin is among top International tourist destination worldwide & its anticipated to draw more tourist in coming 2020 but the lack of tourist accommodation is major problem which is leading to huge loss of Irish tourism Industry.”3
Navi-Mumbai which is Satellite town of Mumbai (Mumbai with Chennai comes under top 20 Asia specific destination spots4 & Mumbai is one of the top tourist destination all over world5) holds only 3 Five-Star hotel overall within the city & There are many proposals for Tourism development within Navi-Mumbai with upcoming International Airport which indeed will increase massive demands for quality accommodation once its functions. CIDCO (City and Industrial Development Corporation of Maharashtra Limited) have
FIVE STAR HOTEL
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proposed 3 Five-Star hotels in Navi-Mumbai & at global scale HVS (Hospitality Valuation Services) proposed the need of 1,100 branded rooms for Navi-Mumbai.
Hence, looking at many initiatives taken by Maharashtra Govt to increase Navi-Mumbai tourism by proposing developments like Belapur Marina (Including1.8KM water front with water sports), Nerul Jetti (At Nerul Sagar Sangam next to NRI Complex), Parsik Hills tourism (Hill zone between Rabale to Digha), Kharghar Central park (80 HA park), Navi-Mumbai Airport and few more upcoming developments under the way. It can be anticipated that being a satellite town of Mumbai (One of the top International Tourist destination), In the near future Navi-Mumbai will draw good amount of Domestic as well as International tourist. During that period all the 3 Five-Star hotels (total 329 rooms) won’t be able to accommodate that tourist demand.
For sustainable and well-functioning of the proposed Tourism development projects, the anticipated tourist demand needed to be catered by providing quality desired accommodation. The predicted profit revenue through this proposed project can enhance the tourism as well as fund for more tourism and infrastructure development within the City.