India Hotels Market Segmentation by based on Location (City center, Motels, Suburban hotelsResort hotels, Boatels), 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 industry is emerging as one of the primary sectors which are driving the economic growth of the country. Indian hotel market is mainly driven by rising purchasing power of domestic travellers and increase in forest tourist arrivals. Moreover, supportive initiatives of government are also stimulating market growth over forecast period.
The international travelers visiting India is expected to grow dramatically over the next 5 years, at over 7% to reach 15.8 million by 2025. Thus increasing foreign tourist arrival is expected to create lucrative opportunities over forecast period.
India Hotels Market is segmented by based on Location, by Size of Property, by Level of Service, and by Theme.
By location, city hotel segment is expected to hold highest market share over forecast period.
By location, market is segmented into City center, Motels, Suburban hotels, Resort hotels, Boatels. Among all of these city hotel segment held 37% of market share in 2019 and is expected to keep its dominance over forecast period. These hotel are located at center of city. They experience high traffic and the occupancy is generally high.
By theme heritage hotel segment is expected to hold highest market share over forecast period.
By theme, market is segmented into Heritage hotel, Ecotels, Boutique hotels and Spas. Among all of these heritage segment held highest market share in 2019 and is expected to keep its dominance over forecast period. These hotels are very expensive and offer luxurious services to their customers. Boutique hotel segment is expected to hold second largest market share over forecast period. Boutique hotels are small independent non branded hotels. These hotels are generally have near about 100 rooms and their target customers are middle class demographics.
By level of service, mid-scale hotel is expected to hold highest market share over forecast period.
By level of service, market is segmented into Economy hotels, Mid-Scale hotels, and Luxury hotels. Mid-scale hotel is expected to hold 40.21% market share over forecast period. They offer suit rooms with limited amenities. Midscale hotels followed by Economy and Luxury hotels.
Report covers key development and company profiles of major key players. Some major players covered in this report are 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, and The Park Hotels. By using various organic and inorganic growth strategies such as merger & acquisition, expansion, joint ventures, patent and strategic alliances these players are increasing their regional presence and business operations.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the India Hotels Market. The report encompasses the market by different segments and regions, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics and future opportunities that might exist in the India Hotels Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explain India Hotels Market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “India Hotels Market.”
https://www.maximizemarketresearch.com/market-report/india-hotels-market/52799/
Contact:
MAXIMIZE MARKET RESEARCH PVT. LTD.
Omkar Heights,
ManikBaug, Vadgaon Bk,
Sinhagad Road, Pune – 411051, Maharashtra, India.
+91 9607195908.