Asansol-Durgapur Subdivision has been recorded as the most prospective region of West Bengal. The region has gained huge recognition in the recent past owed to its steadfast development in the field of coal and steel industries. If we focus specifically on Asansol, the city has been ranked as the 11th fastest growing city in India and it has been, in fact, ranked 42nd among the 100 fastest developing cities in the world. The growth of a number of steel, coal and railway industries in Asansol has given it the stature of the 39th largest urban agglomeration in India. Well known industries located in Asansol are Chittaranjan Locomotive Works, Indian Railways, IISCO Steel Plant, Eastern Coalfields and Hindustan Cables.
Today, almost every big and small business enterprise has been founded in Asansol and one such business which has been rising meteorally is hospitality. Recently, there has been an added frequent traveling of corporate and governmental officials to and fro in the city owed to growing industrial and professional requirement. Because of this, a good number of elite class hotels have sprung up in the industrial town and dominating the list is the Asansol International Hotel located on GT Road East in Murgansol and is most preferred by the corporate and VIPs. A number of other hotels include Hotel Parbati International near Parbati Shopping Arcade in Ashram More, Ispat International on Burnpur Road, Sormistha Residency on Vivekananda Sarani, and Ambassador Retreat on GT Road.
In addition to this, Asansol has also become a famous tourist place as people visiting Bardhaman district and its nearby areas, like Mython and Shantiniketan, choose Asansol as their hub due to availability of state of art hotels and lodging facilities for all types of tourists. To suit the budget of travelers, there are all levels and stars of hotels in Asansol and to name a few we must mention Chatterjee International in Rambandhutalaw, Citi Residenci on National Highway 2, Hotel Royal and Prakash International both located on Bastin Bazar Baker Ali Lane , Sri Niketan at Mallik Para, Avantika Lodging Pvt. Services on GT Road and RL Palace on Court More.
Hotels in Asansol make good business almost throughout the year. The corporate and governmental officials make trips round the year while tourists visit the place mainly during holiday seasons. The latest survey also shows as the steel and coal economy in the city has been growing strategically, other ancillary businesses including retail, hospitality, and restaurants will further spur in the coming days.