Hospitality industry would be a major contributor to the country’s overall GDP growth and is expected to add around 1 trillion by the year 2047. According to the report named 'Vision 2047: Indian Hotel Industry' complied by Benori Knowledge and Hotel Association of India (HAI), the current hotel industry’s value is around 40 billion in 2022 and will have a significant growth of 68 billion in the year 2027.

 While speaking with the media, Madan Prasad Bezbaruah, the secretary general of HAI added that inorder to achieve these milestones hospitality industry should start focusing on tier two and tier 3 cities as well rather than focusing their entire growth plan in tier 1 cities alone. The report also has given a grand vision for the hotel industry and how many oppurtunities will arise in the near future for many hotel industry people and how they can leverage their business to grand new heights.

 Bezbaruah further added that the Indian government has identified 30 key sectors which is crucial for the industry to reach the desired roadmap. “Different states have different policies when it comes to tourism, while some have given the sector an industry status, others have not. We do not understand why because it doesn’t cost states money to do this," he said.

 The report also speaks about the infrastructure of the hotel which would come in aid during a long-term loan requirements while hotel industries can receive competitive interest rates. This could in turn boost the hotel industry to its potential. Apart from loans, the tourism sector can be boosted by making attractive investments through tax breaks, lenient land use rules, and cash flow assistance to small and medium-sized enterprises (SMEs). Other infrastructure investments, such as aviation programs, regional tourism packages, and business tourism grants, can also help the sector grow.

 Furthermore Bezbaruah added that the hospitality industry should keep “Brand India” image in the forefront as the government is going to adapt the brand image in their upcoming Incredible India 2.0 campaign. He said that though India is a leader in many of the industries across the globe, the marketing of the country should share the same vision by multiple industries to gain attraction of international clientele, meetings and tourists.

 The Vision 2047 is much more greater than the branded hotels itself and it is a cumulative work of industries such as, hospitality, tourism and other related industries should come in as a whole to achieve the vision. This report is even submitted to the ministry of tourism and they have shared their keynotes to HAI on how they can proceed further.

 "The number of domestic and international tourists visiting various states in India for business and recreational reasons is rapidly increasing. All these factors have created new opportunities in tourism and the hospitality industry," the report said. According to the report, most of the hospitality industry people is looking into inbound travel within country and will try to facilitate the tier2 and tier 3 audience as well.