The Indian tourism and hospitality industry has emerged as one of the key drivers of growth among the services sector in India. The forecasted 8% growth of Indian tourism industry for the next 10 years* along with the global market trends of the ever-increasing number of travels for business and leisure, the long term outlook for the hotel & hospitality industry is indeed positive. The hospitality sector has now become a significant industry in India. It is a sunrise industry, an employment generator, a significant source of foreign exchange for the country. The booming tourism industry has had a cascading effect on the hospitality sector with an increase in the occupancy ratios and average room rates.