Friday 24 March 2017

Facts and Figures About Pakistan’s Hospitality Industry That Will Make You Awed

In the midst of the improved security conditions in the country and emergence of various travel websites that offer various hospitality related services, Pakistan is seeing an upsurge in the inbound tourism over the years.
More people are traveling to Pakistan to explore the various natural and man-made aspects of sheer beauty that this South Asian country possesses. Be it three of the world’s highest mountain ranges in the north or the widely stretched coastal belt in the south, one of the world’s largest necropolis at Makli to the stunning fresh water sources at various areas, Pakistan is home to many diverse tourist places that attract people from all walks of life.
To further allure tourists to visit the country, Jovago Pakistan is back with the second edition of Pakistan’s hospitality report for the year 2017. The best online hotel booking website brings you an exclusive article so that you can know and feel awed about various facts and figure from 2017’s hospitality industry report.
E-commerce industry
With a growing youth population that is tech savvy, cheap smartphones and 3G/ 4G services, the e-commerce industry in Pakistan has a huge potential to grow and become a major revenue injector to the GDP. This particular industry is expected to reach over US$600 million by 2017.
Internet projection
Amidst the better internet connection through the availability of 3G and 4G internet and affordable smartphones, there has been an increase in internet penetration which is currently over 30 million users today. It is projected that this increase in internet penetration will reach 56 million of Pakistan’s total population over the next five years.
Employment opportunity
The increasing inbound tourism has resulted in employment generation for the locals. From 1,429,500 jobs being created in the hospitality sector in 2015, it is projected that this figure will reach 1,760,000 jobs till 2025 i.e. an increase of 2.1% per annum over the next ten years.
Leading hotel chains
With the ongoing development in the country including the mega project of CPEC, the inbound tourism is projected to increase in Pakistan. Seeing the potential that Pakistan possesses in the hospitality sector, various hotel chains including Hashoo Group, Grand Hayatt, and Sheraton will be opening new hotels in various parts of the country over the next 5 years.

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