India Hotels Market Overview:
A comprehensive market analysis report has been published, focusing on the dynamic India Hotels Market. This in-depth study examines the market's current state, considering significant technological advancements and focusing on high-tech and advanced production system analysis. The report offers valuable business insights, demand and pricing analysis, and a thorough competitive landscape assessment.
Estimated Growth Rate for India Hotels Market:
The India Hotels Market size was valued at USD 32.10 Billion in 2023 and the total India Hotels revenue is expected to grow at a CAGR of 9.4% from 2024 to 2030, reaching nearly USD 59.44 Billion by 2030.
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Research Methodology and Scope:
This report provides a deep dive into the global India Hotels Market, exploring key trends, drivers, challenges, and opportunities shaping the industry. It segments the market by product type, application, and geographic region. Data is gathered through primary and secondary research, including interviews with industry experts and information from reputable sources like company websites, annual reports, press releases, and databases. The analysis uses both qualitative and quantitative methods, employing statistical tools and models for accurate insights and forecasts.
Regional Insights:
The report covers key regions including North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. It provides a detailed analysis of market size, growth rate, import and export figures, and other relevant regional factors. This regional analysis offers a clear picture of the India Hotels Market status in each featured country.
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India Hotels Market Segmentation:
by Type of Hotel
Luxury Hotels
Economy Hotels
Resorts
Midscale and Upscale Hotels
Others
by Ownership Model
Chain Hotels
Independent Hotels
According to type, chain-type hotels dominate the Indian hospitality industry, holding a significant 40% market share in terms of both revenue and property numbers, which translates into a market value for Indian hotels. With more than 20–25 chain hotels that cater to both luxury and low-cost markets, they have influenced the sector by offering consistent services, a recognisable brand, and dependability to visitors. The expansion of this industry is driven by well-known global chains including Marriott International, Hilton Worldwide, IHG, AccorHotels, and Radisson Hotel Group. Their growth, especially into Tier-2, Tier-3, and emerging countries, has been driven by elements like growing tourism, rising incomes, and shifting customer preferences. Chain hotels play an important role in India's hospitality market by meeting the needs of a wide range of tourists and producing significant profits for the sector.
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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)
Key Questions Addressed:
- What is India Hotels?
- What was the India Hotels Market size in 2023?
- What is the "India Hotels Market" growth rate?
- What are the key drivers of India Hotels Market growth?
- What are the different India Hotels Market segments?
- What growth strategies are key players using?
- What are the emerging applications and trends in the India Hotels Market?
- What recent industry trends can generate additional revenue?
- Who are the leading companies and what are their portfolios?
- What segments are covered?
- Who are the key players?
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Key Offerings:
- Historical market size and competitive landscape
- Historical pricing and price curves by region
- Market size, share, and forecast by segment
- Market dynamics: drivers, restraints, opportunities, and trends by region
- Detailed market segmentation by segment, sub-segment, and region
- Competitive landscape: profiles of key players by region, including market leaders, followers, and regional players, along with competitive benchmarking
- 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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