Around 20 large Indian hotel chains are expected to invest in Thailand within the next three to five years to benefit from the growing tourism industry, said Satish Sehgal, President, Thai-India Business Association. The Tourism Authority of Thailand (TAT) has reported that about one million Indian tourists are expected to visit Thailand this year, a 20 per cent increase from last year, generating income of almost 33.8 billion baht, according to a report by Bangkok Post Business.
In addition, potential growth in the Indian wedding market is a leading factor.
With a population of around 1.2 billion, India has the largest number of billionaires in Asia, said Sehgal, adding that 300 million are in the emerging middle class or millionaires. Sehgal has anticipated at least 100 weddings to be held in Thailand this year, as costs in India are two to three times higher for a wedding. He further stated that most of the 20 chains planning a local hotel will be interested in three or four-star hotels with rates of 1,500 to 2,000 baht a night. "I think Thailand already has a sufficient amount of five-star hotels, and the upper end will go to Samui and Phuket," he said, adding that Thailand now has seven or eight Indian-owned hotels. He pointed out that Thai-owned restaurants have a good opportunity to invest in India.
Source
Commis II Indian - Jobs in India
With a population of around 1.2 billion, India has the largest number of billionaires in Asia, said Sehgal, adding that 300 million are in the emerging middle class or millionaires. Sehgal has anticipated at least 100 weddings to be held in Thailand this year, as costs in India are two to three times higher for a wedding. He further stated that most of the 20 chains planning a local hotel will be interested in three or four-star hotels with rates of 1,500 to 2,000 baht a night. "I think Thailand already has a sufficient amount of five-star hotels, and the upper end will go to Samui and Phuket," he said, adding that Thailand now has seven or eight Indian-owned hotels. He pointed out that Thai-owned restaurants have a good opportunity to invest in India.
Source
Commis II Indian - Jobs in India