Unlocking second homes: An alternate approach to homestays in India

Cover Story, 2018/2017, India Investment Journal November Edition
by Kavikrut
A growing economy and ever-increasing government initiatives like ‘e-Tourist Visa’, ‘Digital India’, ‘Make in India’ etc has led to a simultaneous increase in demand by business and leisure travelers for clean, affordable and modern accommodation.

India’s Ministry of Tourism has estimated that presently there is a shortage of over 200,000 rooms in the country for both domestic and international travelers. Utilising residential accommodation as homestays or bed & breakfast guest houses is one of the quickest means to fill this shortage.