Market Reports on India Provides the Trending Market Research Report on ”India Hotel Market, By Hotel Type (Mid-market, Upscale Hotels, Economy Hotels), By Revenue Streams (Room, Food & Beverages, and others), By Booking Type, By Region, By Major City, Competition, Forecast & Opportunities, 2025 ” under Consumer Goods category. The report offers a collection of superior market research, market analysis, competitive intelligence and industry reports.
India Hotel Market is projected to grow from around $ 7.5 billion in 2019 to $ 16.8 billion by 2025, exhibiting a CAGR of nearly 15% during the forecast period. The market is expected to grow on account of rising urbanization, increasing foreign as well as domestic tourist arrivals coupled with growing disposable income in the country. Expanding young & working population coupled with an increasing number of dual-income families is expected to positively affects the market in the coming years.
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The country’s hotel market is categorized into Mid-market Hotels, Upscale Hotels and Economy Hotels. Mid-market hotels segment holds the largest market share and the trend is expected to continue in the coming years due to customer-friendly prices, standard amenities and affordable room services offered by Mid-market hotels. Nevertheless, both Upscale as well as Economy segments are also anticipated to witness robust double digit growth during the forecast period.
Additionally, due to the rising investments by international players in the country’s hotel industry, more hotels are expected to come up in the coming years. North India dominated the country’s hotel market in 2019 and the region is expected to maintain its dominance during the forecast period. South India is another fast growing region in India hotel industry.
Major players operating in India hotel market include Oravel Stays Private Limited; Indian Hotels Company Limited; ITC Limited; EIH Limited; Bharat Hotels Limited; Lemon Tree Hotels; The Leela Palaces, Hotels and Resorts; Marriott Hospitality Services Private Limited; etc.
Years considered for this report:
Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021–2025
The objective of the Study:
To analyze and forecast the market size of the India Hotel Market.
To classify and forecast India Hotel Market based on Type, Revenue, Booking Type, Region and Cities.
To identify drivers and challenges for India Hotel Market.
To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India Hotel Market
To identify and analyze the profile of leading players operating in India Hotel Market.
Our Research performed both primary as well as exhaustive secondary research for this study. Initially, Our Research sourced a list of hotel companies operating across India. Subsequently, Our Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Our Research could include the players which could not be identified due to the limitations of secondary research.
Our Research calculated the market size of the India hotel market using a bottom-up approach, wherein data for various applications across various end-user segments was recorded and forecast for the future years. Our Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by Our Research.
Key Target Audience:
Hotel owners, operators and other stakeholders
Organizations, forums and alliances related to hotel market
Government bodies such as regulating authorities and policy makers
Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as hotel companies and partners, end-users, etc. besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, India hotel market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Market, By Hotel Type:
Market, By Revenue Streams:
-Food & Beverages
-Others (Auxiliary services, laundry, transport etc.)
Market, By Bookings Type:
-By Booking Mode (Offline Vs Online)
-By Tourist (Domestic VS International)
Market, By Region:
Market, Major City:
Market, By Company:
Company Profiles: Detailed analysis of the major companies present in India hotel market.
With the given market data, Our Research offers customizations according to a company’s specific needs. The following customization options are available for the report:
Detailed analysis and profiling of additional market players (up to five).
Profit Margin Analysis
Profit margin analysis in case of the direct and indirect sales channel.
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