Hotel Industry in India (2018-2023) Overview, Revenue, Growth Forecast, Trends, Drivers, Challenges, and Data on Tourist Arrival, Distribution Channels, Room Tariff, and Key Players (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)

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  • 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 to 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 to 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 to 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 to 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 to hospitality services.

    In terms of revenue sources for hotels, rooms have so 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 to increased business-related and leisure travel.

    Market trends:

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

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

    Key growth drivers of the market:

    o 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.

    o 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 to 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 to be a disadvantage for hotel owners since the final cost that end users bear has decreased, thus reducing their profit margins.

    Companies covered:

    o Bharat Hotels Limited (The Lalit)

    o Hyatt Hotels and Resorts

    o ITC Hotels

    o Lemon Tree Hotels Limited

    o Marriott Hotels India Private Limited

    o Mayfair Hotels and Resorts Limited

    o The Indian Hotels Company Limited

    o The Leela

    o The Oberoi Group

    o The Park Hotels

    Customizations available

    With the given market data, we offers customizations according to specific needs.

     

  • With tables and figures helping analyze worldwide India ( ) Overview Revenue Growth market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.

    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) (only for public companies)
    o Key ratios (only for public companies)
    o Business segments, geographical segments (only for public companies)
    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

     

  • The India ( ) Overview Revenue Growth Market has been segregated into various crucial divisions including applications, types, and regions. Each market segment is intensively studied in the report contemplating its market acceptance, worthiness, demand, and growth prospects. The segmentation analysis will help the client to customize their marketing approach to have a better command of each segment and to identify the most prospective customer base.

    Report Objectives / Segmentation Covered :
    By Companies / players:
      By Regions:
        By Type:
          By Application:
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          Research objectives

          Where will all these developments take the industry in the long

          To study and analyze the global Market consumption (value & volume) by key regions/countries, product type and application, history data from 2015 to 2019, and forecast to 2025.

          What are the future opportunities in the market?

          To understand the structure of Market by identifying its various subsegments.

          What are the major driving forces expected to impact the development of the market market across different regions?

          To analyze the market with respect to individual growth trends, future prospects, and their contribution to the total market.

          Which industry trends are likely to shape the future of the industry during the forecast period 2020-2025?

          To project the consumption of market submarkets, with respect to key regions.

          Who are the major driving forces expected to decide the fate of the industry worldwide.

          To strategically profile the key players and comprehensively analyze their growth strategies.

          What are the key barriers and threats believed to hinder the development of the industry?

          To analyze competitive developments such as expansions,agreements, new product launches, and acquisitions in the market.

          Who are the prominent market players making a mark in the market with their winning strategies?

          To share detailed information about the key factors influencing the growth of the market

          What will be the growth rate and the market size of the industry for the forecast period 2020-2025?

          Focuses on the key global market Vendors, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.

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