India Hotels Market Trends 2023-2029: Impact Of COVID-19 Pandemic Recovery, Travel Trends, And Changing Consumer Preferences

Published: 2024-03-27
Views: 31
Author: manasi05
Published in: Business

India Hotels Market Overview:

The India Hotels Market Report furnishes an intricate examination of strategies, as well as micro and macro market trends and situations, encompassing pricing analysis and short-term market conditions. It also incorporates forthcoming trends projected to steer the progress of the India Hotels market. The assessment of dynamics and determination of the India Hotels market size have been presented on local, regional, and global scales.

Estimated Revenue Growth:

India Hotels Market Size was valued at USD 29.40 Mn. in 2022 and the India Hotels Market is expected to grow by 9.7 % from 2023 to 2029, reaching nearly USD 56.21 Mn.

India Hotels Market Scope and Research Methodology:

The report projects the India Hotels Market's value in terms of USD from 2023 to 2029. To identify potential investment opportunities, this report provides an analytical overview of the India Hotels industry, encompassing current trends and future forecasts. The market report also incorporates data on significant drivers, constraints, and upcoming opportunities. From 2023 to 2029, a quantitative assessment of the India Hotels market illustrates its potential growth worldwide. Porter's Five Forces analysis, utilized within the India Hotels market report, sheds light on the market power wielded by both buyers and suppliers. The report blends primary and secondary data to ensure its authenticity. Secondary data was sourced from various outlets, including company annual reports, press releases, and government websites. A SWOT analysis was conducted to examine the strengths and weaknesses of the India Hotels Market. Additionally, to explore the influence of micro-economic and macro-economic factors on the India Hotels Market, a comprehensive analysis involving PORTER and PESTLE methodologies was carried out.

To delve deeper into this research, kindly explore the following link: https://www.maximizemarketresearch.com/market-report/india-hotels-market/52799/ 

India Hotels Market Regional Insights:

The India Hotels market study includes company profiles from various regions, as well as information on their business strategies and statistics. The regions are North America, Europe, Asia Pacific, Middle East and Africa and South America. 

India Hotels Market Segmentation:

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 segment held a 35% market share in 2021 and is expected to continue to hold a dominant position for the duration of the forecast period. These hotels are usually found in urban areas, close to commercial buildings, retail establishments, and railroad crossings. They charge comparatively higher prices because of their prime locations. High foot traffic in city hotels leads to consistently high occupancy rates.

by Size of Property

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

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 mostly offer suite-style accommodations with basic services and a restricted selection of on-site amenities. These establishments usually serve and draw a particular traveler 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, like a continental breakfast served on the premises. These accommodations have compact bedrooms with king-sized beds and tiny living rooms with tasteful furnishings.

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 forecast period, the heritage hotel segment is anticipated to hold the largest market share. These hotels take pride in their historical architecture and actively work to offer 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, including guided tours and cultural performances. They draw tourists 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

Eager to discover what's within? Secure your sample copy of the report today: https://www.maximizemarketresearch.com/request-sample/52799

Key Insights Covered the India Hotels Report

Market Coverage:

Market Trends
Market Breakup by Segment
Market Breakup by Region
Price Analysis
Impact of COVID-19
Market Forecast

Key Aspects Required for Setting Up a India Hotels Plant

Detailed Process Flow:

Product Overview
Unit Operations Involved
Mass Balance and Raw Material Requirements
Quality Assurance Criteria
Technical Tests

Project Details, Requirements and Costs Involved:

Land, Location and Site Development
Plant Layout
Machinery Requirements and Costs
Raw Material Requirements and Costs
Packaging Requirements and Costs
Transportation Requirements and Costs
Utility Requirements and Costs
Human Resource Requirements and Costs

Project Economics:

Capital Investments
Operating Costs
Expenditure Projections
Revenue Projections
Taxation and Depreciation
Profit Projections
Financial Analysis

India Hotels Market Key Players:

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.)

For deeper market insights, peruse the summary of the research report: https://www.maximizemarketresearch.com/request-sample/52799 

Key questions answered in the India Hotels Market are:

1. How has the India Hotels market performed so far and how will it perform in the coming years?
2. What is the market segmentation of the global India Hotels market?
3. What is the regional breakup of the global India Hotels market?
4. What are the price trends of various feedstocks in the India Hotels industry?
5. What is the structure of the India Hotels industry and who are the key players?
6. What are the various unit operations involved in a India Hotels processing plant?
7. What is the total size of land required for setting up a India Hotels processing plant?
8. What is the layout of a India Hotels processing plant?
9. What are the machinery requirements for setting up a India Hotels processing plant?
10. What are the raw material requirements for setting up a India Hotels processing plant?
11. What are the packaging requirements for setting up a India Hotels processing plant?
12. What are the transportation requirements for setting up a India Hotels processing plant?
13. What are the utility requirements for setting up a India Hotels processing plant?
14. What are the human resource requirements for setting up a India Hotels processing plant?
15. What are the infrastructure costs for setting up a India Hotels processing plant?
16. What are the capital costs for setting up a India Hotels processing plant?
17. What are the operating costs for setting up a India Hotels processing plant?
18. What should be the pricing mechanism of the final product?
19. What will be the income and expenditures for a India Hotels processing plant?
20. What is the time required to break even?
21. What are the profit projections for setting up a India Hotels processing plant?
22. What are the key success and risk factors in the India Hotels industry?
23. What are the key regulatory procedures and requirements for setting up a India Hotels processing plant?
24. What are the key certifications required for setting up a India Hotels processing plant?

Key Offerings:

• Past Market Size and Competitive Landscape 
• Past Pricing and price curve by region 
• Market Size, Share, Size & Forecast by different segment
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation – A detailed analysis by segment with their sub-segments and Region 
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective 
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
• PESTLE Analysis 
• PORTER’s analysis 
• Value chain and supply chain analysis 
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis 
• Recommendations 

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