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.
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
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.
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 Years2015-2018
Base Year2019
Estimated Year2020
Forecast Period2021–2025
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.
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marketinsights Research performed both primary as well as exhaustive secondary research for this study. Initially, marketinsights Research sourced a list of hotel companies operating across India. Subsequently, marketinsights Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, marketinsights Research could include the players which could not be identified due to the limitations of secondary research.
marketinsights Research calculated the market size of the
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.
Report Scope
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
- Mid-market
- Upscale Hotels
- Economy Hotels
- Market, By Revenue Streams
- Room
- 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
- Mumbai
- Bengaluru
- Chennai
- NCR
- Pune
- Hyderabad
- Goa
- Jaipur
- Kolkata
- Ahmedabad
- Others
