India is the second fastest developing country in the world at present. There are few cities, emerging as international business hubs, that contribute majorly towards this development factor and Mumbai is no exception. This commercial and financial capital of the country is also India's largest city by population. There are many facets about Mumbai that well substantiate the aforesaid fact. 40% of India's foreign trade happens here; so you can well imagine the count of business hotels here. An abundance of business hotels in Mumbai can be noticed in all the locations and it is no surprise if you find almost all hotels occupied round the year. This is because of the influx of business tourists round the year.
When it comes to GDP, Mumbai generates 6.16% of the total GDP. Besides, this city contributes to collection of 4,000 crore (US$888 million) in corporate taxes, 33% of income tax, 20% of central excise tax, and 60% of customs duty. Other facts about the economic status worth mentioning are contribution of 25% of industrial output and 10% of factory employment. As aforesaid there is no dearth of business hotels in Mumbai given such a huge contribution on myriad economic aspects; but yes, accommodation is expensive. There are many business travelers who do not go by the tariff but by the sophistication in facilities offered and limitless hospitality. For the budget conscious business tourists, business hotels in Mumbai can turn cost effective with advanced reservations and corporate package stays.
Today Mumbai is the 4th most expensive office market in the world. This is the reason why staying in business hotels here is expensive. Initially Mumbai’s commercial activities were limited to the seaport and textile mills. With time, diversification was witnessed and sectors like engineering, healthcare, information technology, diamond-polishing, etc. registered a big boom. No wonder, the Globalization and World Cities Study Group (GaWC) in the year 2008 has ranked Mumbai as an ‘Alpha world city’. In the categories of global cities, this ranking falls 3rd.
Few of the business facilities offered in the five star business hotels in Mumbai include latest telecommunication and internet facilities, video conferencing, multimedia computers, laptops, portable printers, mobile phones, secretarial services, and more. You can even avail interpretation and translation facilities on request. And at one or two chains of business hotels in Mumbai, you can avail private air carrier services not to mention full-service apartments. Finding such business hotels is easy online.
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