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India tourism growth faces skills crunch; workforce shortfall may hit 11 million by 2035: CBRE
The brief
- Tourism workforce shortfall may reach around 11 million by 2035
- Demand for trained professionals is struggling to keep pace with industry expansion
- A skills gap could constrain growth for India’s hotels and travel sector
- Prestige Estates raises ₹3,000 crore from CPPIB for hospitality arm
- CPP Investments buys 27% of Prestige’s hospitality arm for ₹3,000 crore
- Equity capital inflow in real estate, data centre, hotel assets doubles to USD 9.5 bn in Jul-Sep: CBRE
- Prestige Estates withdraws ₹2,700 crore IPO plan for its hospitality business