India Hotels Market on the Rise: Anticipated to Double in Size

The India Hotels Market encompasses a diverse array of establishments, including luxury hotels, budget accommodations, resorts, and homestays. Notably, these establishments have embraced cutting-edge technologies such as touchless check-in, digital room keys, and AI-driven chatbots for customer support, ensuring not only operational efficiency but also a seamless experience for guests.

India Hotels Market Overview:

According to the research analyst's insights from the report, the Asia Pacific region holds tremendous potential as a lucrative opportunity for the India Hotels Market and its component manufacturers over the next decade. 

Maximize Market Research, a prominent international business consultancy firm catering to large and medium-sized enterprises worldwide has recently released its highly anticipated "India Hotels Market" Report. 

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India Hotels Market Scope:

The India Hotels Market analysis report encompasses a comprehensive examination of import and export consumption, supply and demand intricacies, cost structures, market shares, sales volumes, revenues, and gross profits. It delves into the manufacturing landscape, assessing production capacities, factory prices, and market shares of each industry player. The report presents insights into the global market scenario, shedding light on key manufacturers across diverse regions. Their manufacturing bases, production capacities, revenue streams, and market shares are meticulously scrutinized. This data-rich analysis equips stakeholders with valuable information for strategic decision-making, enabling them to navigate the dynamic India Hotels Market effectively.

Segmentation Analysis:

by Location

City centre
Motels
Suburban hotels
Resort hotels
Boatels

The Indian hotel market is divided into four segments based on location: location, size of property, level of service, and theme. The city hotel sector held a 35% market share in 2021 and is expected to continue to have a leading position for the duration of the forecast period. These hotels are usually found in urban areas, close to commercial buildings, retail establishments, and railway crossings. They charge considerably higher prices because of their prime positions. High foot traffic in city hotels leads to continuously high occupancy rates.

by Size of Property

Small hotel
Medium-sized hotel
Large hotel
Mega hotel
Chain hotels

by Level of Service

Economy hotels
Mid-Scale hotels
Luxury hotels

by Theme

Heritage hotel
Ecotels
Boutique hotels
Spas

The Indian hotel market is divided into four categories based on themes: heritage hotels, ecotels, boutique hotels, and spas. Over the course of the projection period, the heritage hotel segment is anticipated to hold the biggest market share. These hotels take pride in their historical architecture and actively work to provide visitors a taste of the local way of life through traditional food and artwork. These hotels frequently provide activities that let visitors interact with the local culture, like guided tours and cultural performances. They draw travellers from all over the world who are looking for a more genuine experience and a closer bond with the local culture.

by Distribution Channel

Online
Offline

The Indian hotel market is divided into five categories: small hotels, medium-sized hotels, large hotels, mega hotels, and chain hotels. This division is based on the size of the property. Mid-scale hotels generally offer suite-style accommodations with basic services and a restricted selection of on-site amenities. These establishments usually serve and draw a certain traveller demographic. In terms of market hierarchy, economy and luxury hotels come after midscale hotels. On the other hand, economy hotels frequently lack an on-site restaurant and only provide a limited number of services. But in return, they might offer a small free food and drink service, such a continental breakfast served on the premises. 

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Key Companies:

1. OYO(Gurugram, Haryana)
2. Lemon Tree Hotel(Delhi)
3. Treebo(Karnataka)
4. Hyatt Hotels Corporation(Chicago Chicago)
5. InterContinental Hotel Groups(United Kingdom)
6. Marriott International(United States)
7. Radisson Blue Hotels(Belgium)
8. Shangri La Hotels & Resorts(Hong Kong)
9. Taj Hotels Resorts & Places(Maharashtra)
10. The Lalit Hotels(New Delhi)
11. The Leela Palace(Maharashtra)
12. The Oberoi Group(Delhi)
13. The Park Hotels(West Bengal)
14. Bharat Hotels Limited(New Delhi)
15. Hotel Leelaventure Limited(Maharashtra)
16. ITC Hotels Limited(West Bengal)
17. The Indian Hotels Company Limited(Maharashtra)
18. Sarovar Hotels Private Limited(Maharashtra)
19. Marriott Hotels India Private Limited(United States.)

Regional Analysis:

The report provides insights into regional dynamics, market trends, and growth opportunities, assisting stakeholders in making informed decisions and capitalizing on emerging trends within the sector  The comprehensive market report analyzes the India Hotels industry across five major global regions: Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America. It explores pivotal geographic markets, emphasizing significant industry segments and sub-segments..

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Key Questions answered in the India Hotels Market Report are:

• What is India Hotels Market?
• What is the forecast period of the India Hotels Market?
• What is the competitive scenario of the India Hotels Market?
• Which region held the largest market share in the India Hotels Market?
• What are the opportunities for the India Hotels Market?
• What are the restraining factors in the India Hotels Market?
• Who are the key players of the India Hotels Market?

Key offerings:

• Market Share, Size, and Forecast by Revenue
• Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
• Market Segmentation: A detailed analysis by India Hotels Market
• Landscape- Leading key players and other prominent key players.

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About Maximize Market Research:

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