In the 21st century Tourism and Hospitality have become the world's largest and fastest growing industry. The World Tourism Organisation (WTO)'s in its 'Tourism 2020 Vision' has accepted role of tourism as an integral part of the global economy and importance within the field of sustainable development. In the field of tourism, the need for planned development is of paramount importance. Many countries in the world, especially the developing countries, have lately realized the importance of tourism and the benefit which it bring out. The readers will find this detailed study informative and interesting.