Hotel Industry in India (2018-2023)

Publisher Name :
Date: 26-Apr-2019
No. of pages: 60

The Indian hospitality industry, spearheaded by the hotel market, has emerged as one of the primary sectors which are driving the economic growth of the country. In India, hotels are classified based on location (city hotels, airport motels, resorts, etc.), level of service (upscale, mid-market, and economy), and themes (boutique hotels, heritage hotels, etc.).

Market insights:

The hotel industry in India is expected t- reach a value of INR 1,210.87 Bn by the end of 2023, expanding at a compound annual growth rate (CAGR) of ~13% during the 2018-2023 period, owing t- the high arrival rate of foreign tourists and business delegates. In 2018, the major hotel brands operating in India were Marriott International, The Indian Hotels Company Limited (including brand Ginger), Radisson Hotel Group, ITC Hotels, Accor Hotels, Hyatt Hotels, Sarovar Hotels, Intercontinental Hotels Group, Lemon Tree Hotels, and Oberoi Hotels & Resorts. The occupancy rate (percentage of days for which rooms are booked in a given period) of the major hotels in India increased at a rate of ~65% between FY 2017 and FY 2018, due t- increased demand from business and leisure travelers, and a slowdown in the addition of new hotel rooms across the country.

Market segment insights:

Kerala is anticipated t- be the leading provider of hospitality services in the country, with a total of 440 approved hotels. Maharashtra, Gujarat, Rajasthan, and Tamil Nadu are the other states that make up the list of top five states with regard t- hospitality services.

In terms of revenue sources for hotels, rooms have s- far had the largest share. In FY 2017, on an average, ~53.6% of the total revenue of Indian hotels came from rooms, followed by food and beverages, and banquet services. Demand for hotel rooms is high across the country, owing t- increased business-related and leisure travel.

Market trends:

- Hotel owners are adopting the latest marketing practices through social media, which prove t- be effective in generating exposure and higher volume of bookings.

- Hotel booking apps are being used increasingly by consumers since they are easy t- handle and provide users with the most suitable options based on their requirements.

Key growth drivers of the market:

- During CY 2017, the total number of foreign tourist arrivals in India stood at 10.04 Mn and reached 6.75 Mn in January-August 2018, registering a YoY growth rate of 7.5%. An increase in the number of foreign tourists and international corporate travellers looking for business opportunities in the country is driving the growth of the hotel industry in India.

- The Indian government has allowed 100% foreign direct investment (FDI) in tourism construction projects, development of hotels, resorts, and recreational facilities. This will act as a driving force for the development of new hotels across the country.

Key deterrents t- the growth of the market:

The implementation of the goods and services tax (GST) has helped customers of the hospitality industry with reduced expenditure, by harmonizing taxes and reducing business transaction costs. This however, has turned out t- be a disadvantage for hotel owners since the final cost that end users bear has decreased, thus reducing their profit margins.

Companies covered:

- Bharat Hotels Limited (The Lalit)

- Hyatt Hotels and Resorts

- ITC Hotels

- Lemon Tree Hotels Limited

- Marriott Hotels India Private Limited

- Mayfair Hotels and Resorts Limited

- The Indian Hotels Company Limited

- The Leela

- The Oberoi Group

- The Park Hotels

Hotel Industry in India (2018-2023)

Table of Contents

Chapter 1: Executive summary

Chapter 2: Socio-economic indicators

Chapter 3: Introduction
3.1. India hotel industry - definition and structure
3.2. Distribution channels of hotel industry
3.3. Operating models of hotel industry

Chapter 4: Hotel industry in India
4.1. Market overview
4.2. Hotel industry market size and growth forecast - value-wise (2015-2023e)
4.2.1. Major hotel brands in India on the basis of room inventory (2018)
o Marriott International
o The Indian Hotels Company Limited (including brand Ginger)
o Radisson Hotel Group
o Others
4.2.2. GST rates for hotels based on room tariff

Chapter 5: Hotel industry in India segmentation
5.1. Occupancy rate and average room rent of hotels (FY 2014-FY 2017)
5.2. State-wise segmentation of hotels in India - based on the number of approved hotels (2018)
5.3. Contribution to total revenue - hotel industry
5.3.1. Source of revenue from various segments (FY 2013-FY 2017)
o Rooms
o Food and beverages, and banquets
o Others
5.3.2. Department-wise expenses (FY 2013-FY 2017)
o Rooms
o Food and beverage
o Others

Chapter 6: Key trends of the market

Chapter 7: Key growth drivers of the market

Chapter 8: Key deterrents to the growth of the market

Chapter 9: Competitive landscape
9.1. Bharat Hotels Limited (The Lalit)
o Corporate information
o Business description
o Products and services
o Key people
o Financial snapshot (total income, net profit/loss)
o Key ratios
o Business segments, geographical segments
Note: Similar information areas will be covered for the remaining competitors
9.2. Hyatt Hotels and Resorts
9.3. ITC Hotels
9.4. Lemon Tree Hotels Limited
9.5. Marriott Hotels India Private Limited
9.6. Mayfair Hotels and Resorts Limited
9.7. The Indian Hotels Company Limited
9.8. The Leela
9.9. The Oberoi Group
9.10. The Park Hotels
Appendix
1. Research Methodology
2. About Research On Global Markets
  • Global Capsule Hotel Industry Research Report, In-depth Analysis of Current Status and Outlook of Key Countries 2023-2028
    Published: 31-Oct-2023        Price: US 3380 Onwards        Pages: 102
    Market Overview of Global Capsule Hotel market: According to our latest research, the global Capsule Hotel market looks promising in the next 5 years. As of 2022, the global Capsule Hotel market was estimated at USD XX million, and it's anticipated to reach USD XX million in 2028, with a CAGR of XX% during the forecast years. This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Capsule Hotel market, with a sys......
  • Global Hotel and Other Travel Accommodation Market Research Report 2023
    Published: 11-Oct-2023        Price: US 2900 Onwards        Pages: 61
    Hotel And Other Travel Accommodation market provides lodging or short-term accommodation for travelers, vacationers and others. According to QYResearch's new survey, global Hotel and Other Travel Accommodation market is projected to reach US$ 4572350 million in 2029, increasing from US$ 3732330 million in 2022, with the CAGR of 2.9% during the period of 2023 to 2029. Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in......
  • Global Luxury Hotels Industry Research Report, In-depth Analysis of Current Status and Outlook of Key Countries 2023-2028
    Published: 28-Sep-2023        Price: US 3380 Onwards        Pages: 110
    Market Overview of Global Luxury Hotels market: According to our latest research, the global Luxury Hotels market looks promising in the next 5 years. As of 2022, the global Luxury Hotels market was estimated at USD XX million, and it's anticipated to reach USD XX million in 2028, with a CAGR of XX% during the forecast years. Luxury hotels provide luxurious stay along with various other services such as swimming pool (warm & fresh water), barbeque, spa, gyms, bar and other ta......
  • Global Luxury Hotels Market Insights, Forecast to 2029
    Published: 27-Sep-2023        Price: US 4900 Onwards        Pages: 109
    The luxury hotel industry is one of the major customer service industries globally. Growing travel and tourism industry is one of the key reasons behind the growth of luxury hotels industry. In order to meet the increasing demand for unique customer services, luxury hotels are constantly striving to improve their services by focusing on changing consumer preferences. Market Analysis and Insights: Global Luxury Hotels Market The global Luxury Hotels market is projected to grow from ......
  • Global Hotel and Other Travel Accommodation Industry Research Report, In-depth Analysis of Current Status and Outlook of Key Countries 2023-2028
    Published: 29-Aug-2023        Price: US 3380 Onwards        Pages: 102
    Market Overview of Global Hotel and Other Travel Accommodation market: According to our latest research, the global Hotel and Other Travel Accommodation market looks promising in the next 5 years. As of 2022, the global Hotel and Other Travel Accommodation market was estimated at USD XX million, and it's anticipated to reach USD XX million in 2028, with a CAGR of XX% during the forecast years. A hotel is an establishment that provides paid lodging on a short-term basis. Facil......
  • Global Capsule Hotel Market Insights, Forecast to 2029
    Published: 31-May-2023        Price: US 4900 Onwards        Pages: 105
    A capsule hotel, also known as a pod hotel, is a type of hotel developed in Japan that features a large number of extremely small "rooms" (capsules) intended to provide cheap, basic overnight accommodation for guests who do not require or who cannot afford the services offered by more conventional hotels. Market Analysis and Insights: Global Capsule Hotel Market The global Capsule Hotel market is projected to grow from US$ 228.9 million in 2023 to US$ 334 million by 2029, at a Comp......
  • Hotels and Motels Market Summary, Competitive Analysis and Forecast, 2017-2026
    Published: 01-May-2023        Price: US 1495 Onwards        Pages: 343
    Hotels and Motels Market Summary, Competitive Analysis and Forecast, 2017-2026 Summary Global Hotels & Motels industry profile provides top-line qualitative and quantitative summary information including: industry size (value and volume 2018-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the industry. Key Highlights - The hotel......
  • G8 Countries Hotels and Motels Market Summary, Competitive Analysis and Forecast, 2017-2026
    Published: 01-May-2023        Price: US 1495 Onwards        Pages: 219
    G8 Countries Hotels and Motels Market Summary, Competitive Analysis and Forecast, 2017-2026 Summary The G8 Hotels & Motels industry profile provides top-line qualitative and quantitative summary information including: industry size (value and volume 2018-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the industry. Key Highlights ......
  • Hotels and Motels Market Summary, Competitive Analysis and Forecast, 2017-2026 (Global Almanac)
    Published: 01-May-2023        Price: US 2995 Onwards        Pages: 657
    Hotels and Motels Market Summary, Competitive Analysis and Forecast, 2017-2026 (Global Almanac) Summary Global Hotels & Motels industry profile provides top-line qualitative and quantitative summary information including: industry size (value and volume 2018-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the industry. Key Highlights ......
  • SERVICES
    Value for Money
    We believe in "optimum utilization of available budget and resources". While servicing our clients' (your) market research requirements, we keep the same approach in focus to help you get the best value for your $$s.
    Ever Growing Inventory
    Ranging from the smallest feasible / required data (datasheets, data facts, SWOT analysis, company profiles, etc) to full research reports that help you make decisions, our inventory is updated almost on a daily basis with the latest industry reports from domain experts that track more than 5000 niche sectors.
    One Stop Solution
    Need a custom research report on medical devices market? Require all available business intelligence on 3D printing industry? Exploring F&B sector of a particular country/region? RnRMarketResearch.com is your one-stop-solution to all market intelligence needs. We not only offer custom research and consulting services, we also "bundle" reports to meet your needs and help you fetch the data analysis you require for your business.
    Dedicated Client Engagement
    Not limited to only "finding" relevant reports for you, our client engagement team dedicates its efforts to understand your "business need" and accordingly maps available research data to help you move forward. Call "your" client engagement executive any time of your day and get your questions answered in order to make the correct business decision.
    Saving Time and Efforts
    Simply share your research requirement details with us and let us do all the hard work to find required intelligence for you. When you add up our "one stop solution" and "dedicated client engagement" services mentioned above, you obviously know the time and effort saving you do by working with us.
    Payment Flexibility
    Working with Fortune 500 organizations, we understand the importance of being flexible for payments. Share your payment terms with us and we will surely match up to them to ensure you get access to required business intelligence data without having to wait for the payment to be done.
    Post-Purchase Research Support
    Have questions after reading a report / datasheet bought through us? Not sure about the methodology used for data available in the research? Talk to us / Share your questions with us and if required, we will connect you with the analyst(s)/author(s) of the report(s) and ensure you get satisfactory answers for the same. Need more data / analysis / report(s) on the topic of your research/project? The RnRMarketResearch.com team is here for you 24X7 to support you with your post-purchase requirements. Subscription Offers & Packages (Get in touch with us for more details - [email protected] / +1 888 391 5441 )
    • Ad Hoc
    • Pay - as - you - go / Bucket Subscriptions
    • Fixed Cost for #of reports
    • Customize / Personalize as per your needs