INVESTIGATING THE RELATIONSHIP BETWEEN OPERATING COSTS AND FIRM PROFITABILITY USING LONGITUDINAL DATA FROM INDIAN HOTELS
Tourism in India plays an economic importance and is growing rapidly. Tourism gained peak growth in the year of 2017, compared to 2010(UNWTO, 2018). The growth rate of international tourist arrivals in the year 2017 is 7%(UNWTO, 2018). Ministry of Tourism, Government of India, expecting 20million foreign tourists by the year 2020(MINISTRY OF TOURISM, 2018). The growth rate of foreign tourists arrivals are 15.6% in the year of 2017 compared to 2016(MINISTRY OF TOURISM, 2018).