Ahead of Ram temple inauguration, Ayodhya sees a surge in religious tourism with massive investment

Due to the immense potential of religious tourism ahead of the inauguration of Ram Temple, Ayodhya is witnessing an increase in investment in the hotel sector. Investors have signed several agreements to support major hotel projects, with well-known hotel companies making their mark in the city. Currently, around 50 significant hotel construction projects are underway in Ayodhya, reflecting its status as an emerging hub in the hotel industry.

Ayodhya Divisional Commissioner Gaurav Dayal shared that 102 memoranda of understanding (MOUs) were signed during the Global Investors Summit (GIS), involving about Rs 18,000 crore for tourism in Ayodhya. Following GIS, many entrepreneurs have submitted proposals to the government and district administration expressing keen interest in investing in the tourism sector of Ayodhya.

Ayodhya is on the verge of completing 126 tourism projects, including 46 with agreed terms and 80 without any formal agreement. The combined cost of these initiatives is approximately Rs 4,000 crore. It is noteworthy that around 50 famous hotel companies like Taj, Marriott, Ginger, Oberoi, Trident and Radisson are actively involved in important projects in Ayodhya. The construction work of these development works is expected to be completed soon.

Spread over 71 acres, this grand temple complex consists of six parts, including the sanctum sanctorum and five pavilions – Guna Mandapam, Ranga Mandapam, Nritya Mandapam, Kirtan Mandapam and Prarthana Mandapam. The temple stands at a height of 161 feet and has three floors, each measuring 19.5 feet.

Plans are underway to convert the Raja’s Building into a heritage hotel, with a notable hotel chain having expressed interest in investing for the project. An investment of about Rs 420 crore is estimated in four important hotel industry projects in Ayodhya. Topping the list is Panche Dreamworld LLP, which has earmarked a total cost of Rs 140 crore for the O Rama Hotels & Resorts project.

Two weeks before January 22, the search for accommodation for Ayodhya on Booking.com began with an alert: 77% of places to stay on your selected dates are currently unavailable. The platform lists various accommodation options, including 20 hotels, 12 apartments, 12 entire houses and apartments, 7 homestays and 6 guest houses. Many residences have increased their rents significantly, with some going up to 200 times the regular rent.