An Exploratory Study on Corporate Governance Practices in Indian Hospitality Industry

Venkatachalam, Balaji V and Patwardhan , Vidya (2011) An Exploratory Study on Corporate Governance Practices in Indian Hospitality Industry. South Asian Journal of Tourism and Hospitality, 4 (2). pp. 68-77. ISSN 0974-5432

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Abstract

Indian hotel sector in on the high growth path with surge in business and leisure travelers. Technopak (2008) estimates the Indian hotel industry at US$ 17 billion; 70% (US$ 11.85 billion) contribution comes from the unorganized sector and the remaining 30% (US$ 5.08 billion) comes from the organized sector. As the industry grows, there is a greater need for the sector to incorporate the corporate governance practices in its day to day activities .This paper examines corporate governance reforms being implemented in India and how the hotel industry can benefit from integrating corporate social responsibility into their daily operations.

Item Type: Article
Uncontrolled Keywords: India, Hotel, Corporate Governance
Subjects: Hotel Management > WGSHA Manipal
Depositing User: EPrints Hotel Management
Date Deposited: 10 Mar 2012 05:34
Last Modified: 10 Mar 2012 05:34
URI: http://eprints.manipal.edu/id/eprint/3498

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