India is known for its booming growth rate and positions itself as the world’s leading supplier of low-cost, high-quality intellectual capital! From call-centres to software programmers, India makes them cheap and good! Travel sites have recently joined the fray as they dip into the leisure and lifestyle aspirations of India’s spend-happy, always reliable middle-class. The Indian travel market is worth $120 mln and expected to reach $1 bln by 2010. An emarketer study, however, points to the wide gap between India’s online aspirations and actual Internet access. India’s Internet penetration is a measly 3% while China, S. Korea and Japan are at 10%, 61% and 70% respectively! Internet usage is expected to scorch ahead to keep up with the country’s dynamic economy and very promising e-commerce market. Can India catch up on the Broadband revolution – videos, streaming media, communities and sharing?. Slow and steady does not win the Internet race!
India shining – not online yet!
Co-founder and president of a New York based hotel company for 24 years. Grew the firm to five hotels in Manhattan and also developed a greenfield project at MacArthur airport, New York. Speaker at numerous prestigious forums including Economy Hotels World Asia, Lodging Conference, NYU, Columbia University Real Estate Roundtable, Baruch College's Zicklin School and ALIS.President and ceo of New York City Hotel Association since January 2017. View all posts by Vijay Dandapani