Bed-and-breakfast

Again aimed at foreign tourists, this is an ideal business if you own a large residence, have a spare house or apartment. Budget travelers from abroad look for bed-and-breakfast accommodations since they are cheaper than hotels. Such accommodation enables them to keep their luggage safe while they venture for sight-seeing. Based on existing market rates, you can get US$ 20 or more per night per guest by offering bed-and-breakfast accommodation. You will have to serve as basic breakfast to your guests every morning as part of the deal. Generally, such accommodations are in demand in large cities with tourist attractions. However, the trend of visiting villages and towns introduced by backpackers makes it a lucrative business anywhere in India.