IJFANS International Journal of Food and Nutritional Sciences

ISSN PRINT 2319 1775 Online 2320-7876

Homestays as Livelihood opportunity and a tool of rural economic/sustainable development in India: A review article

Main Article Content

Dr Manoj Kumar1 and Parveen Chand2

Abstract

Hospitality industry is growing at a rampant pace throughout the world. It can be easily noticed with the number of jobs this industry offers to the manpower. On an average, it accounts for 266 million jobs in world and has a share of 9.5% in GDP (gross domestic product) of the world. In India also this sector is picking up at a significant rate. As per the report of KPMG (2018) hospitality industry in India accounts for 7.5% of its GDP and is predicted to grow at 16.1 percent CAGR to reach Rs 2,796.9 thousand crores in 2022. Due to this upsurge in this industry, the interest of academic world is also switching towards researching in hospitality. It can be validated from the amps number of growing journals in this field. The researchers are keener to trace the emerging dimensions of this industry, so that the various stakeholders which are indulged in this business can realign their product mix as per the demand of the market.

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