4.00 lakhs international and over 60.00 lakhs domestic tourist arrivals per year. The tourism sector in the state attracts about 1000 crores of investment per year and provides employment to over 10.00 lakhs persons. The income to the state from tourism was in the order of Rs. 7700 crores during the year 2005 with a foreign exchange earning of Rs. 1550 crores. Even though the state has about 50,000 rooms for tourist accommodation in different categories, there are only less than 10,000 rooms of good quality. Considering the potential and demand, it is estimated that there is a gap of about 5,000 quality rooms at present. The additional room requirement for the next 5 years will be another 10,000 rooms.
If we take the average investment requirement per room for developing a hotel/resort as Rs. 20.00 lakhs per room, the investment requirement in the accommodation sector for the next 5 years will be in the order of Rs. 3,000 crores which is very ambitious. It is necessary to find out ways and means of achieving the target in a cheaper way without