Hotel Market to Witness Huge Growth by 2025 | Key Players: Bharat Hotels, Hotel Leelaventure, ITC Hotels, Lemon Tree Hotels

The latest 73+ page survey report on Hotel Industry in India 2019 Market is released by HTF MI covering various players of the industry selected from global geographies like North America, Europe, Asia-Pacific etc. A perfect mix of quantitative & qualitative Market information highlighting developments, industry challenges that competitors are facing along with gaps and opportunity available and would trend in Hotel Industry in 2019 market. The study bridges the historical data from 2014 to 2019 and estimated till 2025*. Some are the key & emerging players that are part of coverage and were profiled in current version are Bharat Hotels Limited, Hotel Leelaventure Limited, ITC Hotels Limited, Lemon Tree Hotels Limited, The Indian Hotels Company Limited, Sarovar Hotels Private Limited, The Park Hotels, Hyatt Hotels and Resorts, Marriott Hotels India Private Limited, Radisson Hotels Asia Private Company.

Be the first to knock the door showing potential that Hotel Industry in India 2019 market is holding in it. Uncover the Gaps and Opportunities to derive most relevant insights from our research document to gain market size.

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In India, the tourism industry plays a significant role in generating employment and earning revenue from foreign exchange. The hospitality sector, being a part of the travel and tourism industry, is greatly affected by the expansion of the industry. The government has taken several steps to make India a global hub for tourists to boost the Indian hospitality industry.

Market insights:
India accounts for the highest number of domestic leisure travellers in the world. Business travellers are gradually increasing in number, owing to the rapid growth of the IT sector in India and the emergence of several global companies. The KPIs used by the industry to measure business development and management of hotels are average room rate (ARR) and revenue per available room (RevPAR). ARR of the hotel industry in India stood at INR 5,844.81 in FY 2019 as against INR 5,527 in FY 2016, and is expected to reach INR 6,707.46 by FY 2024, expanding at a compound annual growth rate (CAGR) of ~3.16% during the FY 2020-FY 2024 period. RevPAR of Indian hotels stood at ~INR 4,002.76 in FY 2019 and is expected to reach INR 5,305.91 by FY 2024. After the onset of FY 2020, the Indian hotel industry is anticipated to expand at a promising rate, since India will be hosting the ICC Men's World Cup in 2023, which would increase the foreign tourist footfall in the country. Difficulties in talent management act as a significant challenge for the hotel industry. Insufficient supply of quality workforce and increased competition for skilled employees from competing service sectors like aviation have raised the attrition rate in the industry.

Segmentation insights:
Based on type, the hotel industry in India can be segmented into independent/unbranded hotels, alternate accommodations, new-age hotel chain, and branded/traditional chain. The independent/unbranded segment comprises more than ~70% of the total available hotel rooms. Alternate accommodation is the second-largest segment, owing to the growing popularity of homestays among tourists. The new-age hotel chain is expected to witness the most promising growth during the forecast period, from ~7.36% in FY 2018 to ~14.80% in FY 2024. Moreover, the branded/traditional hotel segment, which dominates the organized sector, accounts for about 5% of the overall hotel industry, in terms of room supply.

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Based on the city-wise supply of rooms, tier I cities like New Delhi and Mumbai reported the highest number of rooms, followed by Bengaluru and Chennai, and together they account for ~30% of the total market share in the country. About 27% of the industry is dominated by smaller cities where the market is mostly unorganized and is primarily dominated by independent/unbranded hotels.

Competition analysis:
The hotel industry in India is highly fragmented with numerous small and unorganized players dominating the market. It has witnessed a shift in favor of the mid-market and budget hotel segments, along with the development of hotel aggregators in the budget segment that has led the massive and unorganized hotel industry towards consolidation.
Based on existing inventories among organized players, Marriott Hotels India Private Limited accounts for the largest share (~22.35%), followed by Grand Taj Hotels Private Limited, Radisson Hotel Group, Accord Hotels and Resorts Private Limited, and ITC Hotels.

Important Features that are under offering & key highlights of the Hotel Industry in 2019 market report:

1) What are the companies profiled in basic version of report? Is it possible to customize list
Players that are currently profiled in the the study are "Bharat Hotels Limited, Hotel Leelaventure Limited, ITC Hotels Limited, Lemon Tree Hotels Limited, The Indian Hotels Company Limited, Sarovar Hotels Private Limited, The Park Hotels, Hyatt Hotels and Resorts, Marriott Hotels India Private Limited, Radisson Hotels Asia Private Company". Yes list can also be customized, a maximum of 5-6 players can be swapped with the list of your target competition.

** List of players mentioned may vary in the final report subject to Name Change / M&A activity in recent year. Final confirmation about the players would be provided by research team depending upon the difficulty of survey.

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2) What all regions or countries covered? Can we have list of country of my choice?
Currently, basic version research report is focusing on regions such as North America, Europe, Asia-Pacific etc. List of countries can be customized as per your interest and final confirmation would be dependent upon feasibility test and data availability in research repository.

3) How can we include Segmentation / Market breakdown of Business Interest? Is it possible to get information on Market Makers
Yes, inclusion of additional segments is very much possible subject to data availability and difficulty of survey. At times our client request for market makers information that can be covered on special request after considering requirement with Analyst group of HTF MI.

** Depending upon the requirement the deliverable time and quote will vary.

To comprehend Hotel Industry in India 2019 market sizing in the world, the Hotel Industry in 2019 market is analyzed across major global regions. HTF MI also provides customized specific regional and country-level reports for the following areas.

o North America: United States, Canada, and Mexico.
o South & Central America: Argentina, Chile, and Brazil.
o Middle East & Africa: Israel, Saudi Arabia, United Arab Emirates, Turkey, North African Countries and South Africa.
o Europe: UK, France, Italy, Germany, NORDIC Countries, Spain, and Russia.
o Asia-Pacific: India, China, Japan, South Korea, Malaysia, Singapore, Indonesia, Singapore, and Australia.

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Actual Numbers & In-Depth Risk & Return Analysis of Hotel Industry in 2019 Market with opportunities Available in final Report.

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