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Directions: Study the following information carefully and answer the questions given below it.
Not surprisingly the growth of the hotel industry is driven by the increase in the number of people using hotel and the increase in per person use of the hotel.
In 2004, it was expected that there will be 200 million hotel users in India or about 20% of the population will generate Rs. 50 billion in hotel revenues. Industry revenues should expand from Rs. 50 billion to Rs. 150 billion by 2008, while the number of users should grow to over 560 million or to about half the population of India in the same period.
What was the growth of population in India over the period 2004 to 2008?
Not surprisingly the growth of the hotel industry is driven by the increase in the number of people using hotel and the increase in per person use of the hotel.
In 2004, it was expected that there will be 200 million hotel users in India or about 20% of the population will generate Rs. 50 billion in hotel revenues. Industry revenues should expand from Rs. 50 billion to Rs. 150 billion by 2008, while the number of users should grow to over 560 million or to about half the population of India in the same period.
What was the growth of population in India over the period 2004 to 2008?
- A4%
- B3%
- C12%
- D15%
Answer not set