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India Hotel Market, Industry Trends, Growth, Report 2030

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Renub Research has recently published a report named “India Hotel Market, Size, Forecast 2023-2030, Industry Trends, Growth, Share, Outlook, Impact of Inflation, Opportunity Company Analysis” providing a detailed industry analysis that consists of market share insights. Furthermore, the report comprises competitor and regional research and contemporary extension in the India Hotel Market. India hotel market shall grow at a CAGR of 12.50% from 2022 to 2030. The tourism industry in India has witnessed a substantial rise in both domestic and international travel, encompassing leisure, business, and medical purposes. In February 2023, the number of Foreign Tourist Arrivals reached 865,779, showing a significant increase compared to 240,896 in February 2022. In addition, the expanding middle class and rising disposable incomes have increased travel and accommodation spending.

 

Expert Insights: Ask Analyst or Download Full Report with TOC & Figures: https://www.renub.com/india-hotel-market-p.php

 

 

The government’s focus on infrastructure development, like improved transportation and connectivity, has made traveling to different parts of India more convenient. The Market Development Assistance (MDA) scheme guidelines update is to provide incentives to tourism stakeholders, broaden its scope and coverage, incorporate online promotions, and offer increased financial assistance. These revisions aim to improve the scheme’s efficacy and provide more significant support to stakeholders promoting domestic tourism, maximizing their benefits. The development of hospitality services and the entry of international hotel chains have improved the quality and variety of accommodations available. Lastly, the promotion of popular tourist destination through marketing campaigns and initiatives has also contributed to the growth of the India hotel market.

 

 

New Delhi has hegemony in India Hotel Market

 

New Delhi is India capital city, attracting many tourists and business travellers due to its political, administrative, and cultural importance. Secondly, the town boasts a well-developed infrastructure with many hotels catering to different budget segments, from luxury accommodations to budget-friendly options. Thirdly, New Delhi is home to major international and domestic airports, making it easily accessible for domestic and international travellers. Additionally, the city is known for its historical landmarks, cultural attractions, and vibrant shopping and dining scenes, further boosting its appeal as a tourist destination. Lastly, New Delhi hosts numerous international conferences, exhibitions, and business events, driving the demand for hotel accommodations and supporting the growth of the hotel market in the city.

 

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Chandigarh growth in the hotel market can be due to its status as a significant economic and commercial hub, driving business travel. It is also a famous tourist destination for its urban design, gardens, and architectural landmarks, attracting domestic and international tourists. The city’s infrastructural development, including an expanded airport and improved connectivity, has facilitated more accessible travel and contributed to hotel industry growth. Chandigarh’s educational institutions, medical facilities, and government offices also attract students, patients, and officials who require accommodation. Its proximity to popular tourist destinations makes it a convenient stopover, supporting hotel market growth.

 

Cities – The India hotel market has been covered from 3 viewpoints:

 

  1. Agra
  2. Ahmedabad
  3. Bengaluru
  4. Chandigarh
  5. Chennai
  6. Goa
  7. Gurugram
  8. Hyderabad
  9. Jaipur
  10. Kochi
  11. Kolkata
  12. Mumbai
  13. New Delhi
  14. Pune
  15. Udaipur
  16. Other cities

 

Key Players.

 

ITC Hotels Limited, OYO, Lemon Tree Hotel, Treebo, Hyatt Hotels Corporation, InterContinental Hotel Groups, Marriott International, Radisson Blue Hotels, Shangri La Hotels & Resorts, Taj Hotels Resorts & Places, The Lalit Hotels, The Leela Palace, The Oberoi Group, The Park Hotels, Bharat Hotels Limited, Hotel Leelaventure Limited, The Indian Hotels Company Limited, Sarovar Hotels Private Limited, and Marriott Hotels India Private Limited are critical players in India hotel market.

 

Cities- India Hotel Market breakup from 3 Viewpoints:

  1. Agra
  2. Ahmedabad
  3. Bengaluru
  4. Chandigarh
  5. Chennai
  6. Goa
  7. Gurugram
  8. Hyderabad
  9. Jaipur
  10. Kochi
  11. Kolkata
  12. Mumbai
  13. New Delhi
  14. Pune
  15. Udaipur
  16. other cities

 

Indian Cities Hotel are Sub-divided into four parts

  1. Number of Rooms
  2. Room Average Daily Rate (ADR)
  3. Revenue per Available Room (RevPAR)
  4. Occupancy Rate

 

Type of Hotel – India Hotel Market

 

  1. Luxury
  2. Upper Class
  3. Middle Class
  4. Economy

 

Star Rating – India Hotel Market

  1. Five Star
  2. Four Star
  3. Three Star
  4. Two Star

 

Origin Brand – India Hotel Market

 

  1. Indian
  2. International

 

Cities Tier – India Hotel Market

 

  1. Tier-1
  2. Tier-2
  3. Tier-3

 

Booking Type – India Hotel Market

 

  1. Hotel website
  2. Aggregator
  3. Self-booking/Walk-in Customer
  4. Agent

 

Payment Mode – India Hotel Market

  1. Credit card & Debit card
  2. Net banking
  3. UPI
  4. Cash

 

Distribution by City

  1. Existing Supply
  2. Proposed Supply
  3. Active Development of Supply

 

Administrative Region

  1. North
  2. West
  3. East
  4. South

 

Company has been covered from 3 Viewpoints:

 

  1. Overview
    2.   Recent Development
  2.   Revenue

 

Company Analysis:

 

  1. ITC Hotels Limited
  2. OYO
  3. Lemon Tree Hotel
  4. Treebo
  5. Hyatt Hotels Corporation
  6. InterContinental Hotel Groups
  7. Marriott International
  8. Radisson Blue Hotels
  9. Shangri La Hotels & Resorts
  10. Taj Hotels Resorts & Places
  11. The Lalit Hotels
  12. The Leela Palace
  13. The Oberoi Group
  14. The Park Hotels
  15. Bharat Hotels Limited
  16. Hotel Leelaventure Limited
  17. The Indian Hotels Company Limited
  18. Sarovar Hotels Private Limited
  19. Marriott Hotels India Private Limited

 

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 14 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food Beverages, Power Energy, Information Technology, Telecom Internet, Chemical, Logistics Automotive, Consumer Goods Retail, Building, and Construction, Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more.

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