Press release
Hotels Market USD 1071.49 Billion in 2024, CAGR 9.2% Forecast to 2032
Hotels Market
India's hotels market is witnessing significant growth, driven by rising domestic and international tourism, increasing disposable incomes, and evolving consumer preferences for experiential and luxury stays. The sector spans budget hotels, mid-scale properties, luxury resorts, boutique hotels, and serviced apartments, reflecting a diverse and competitive hospitality landscape. Growing business travel, expansion of online travel agencies, and technological adoption in bookings and operations are shaping the future of the industry.
For a comprehensive overview of this study, navigate to:https://www.maximizemarketresearch.com/request-sample/47478/
Market Size & Forecast
2023 - 12.45 Bn
2030 - 25.87 Bn
CAGR - 9.2%
India Hotels Market Segmentation
by Hotel Type
Business/ Commercial Hotels
Boutique Hotels
Resort Hotels
Transit Hotels
Bed & Breakfast Hotels
Others
by Price Level
Luxury
Upscale
Midscale
Economy
by Room Capacity
Small
Medium
Large
Mega
by Business Model
Individual
ChainKey Growth Drivers
Rising Domestic and International Tourism
India's rich cultural heritage, historical landmarks, and increasing tourist arrivals are driving hotel occupancy across metros, tier-2, and tier-3 cities.
Growth in Business and Corporate Travel
Expanding business hubs, startup ecosystems, and corporate travel requirements are boosting demand for premium and midscale hotels.
Digital Adoption and Online Bookings
The rise of OTAs, mobile apps, and AI-based recommendation engines are simplifying hotel discovery, pricing, and booking processes.
Government Initiatives
Programs like "Incredible India" and policies promoting tourism infrastructure development are enhancing hotel demand nationwide.
Emergence of Experiential Stays
Consumers are increasingly seeking boutique, eco-friendly, and heritage hotel experiences, creating opportunities for niche hospitality segments.
Get 30% Off Market Research - Download Your Report Today : https://www.maximizemarketresearch.com/market-report/hotels-market/47478/
Pain Points & Challenges
High Competition Across Segments
The proliferation of budget and midscale hotels increases price competition, impacting margins.
Operational Costs
Rising labor, energy, and maintenance costs challenge profitability, particularly for small and independent hotels.
Seasonal Demand Fluctuations
Hotel occupancy can vary significantly by region and season, affecting revenue stability.
Customer Expectations
Modern travelers demand seamless digital experiences, personalization, and premium services, requiring continuous investment.
Regulatory Compliance
Hotels must adhere to local regulations, safety standards, environmental norms, and taxation policies, increasing operational complexity.
Emerging Opportunities
Growth of Domestic Tourism
Increasing preference for "staycations" and regional travel opens new avenues for midscale and boutique hotels.
Integration of Technology
AI, IoT, and automation for personalized services, predictive pricing, and operational efficiency are reshaping hotel operations.
Wellness and Lifestyle Tourism
Hotels incorporating wellness centers, spa services, and holistic experiences attract health-conscious travelers.
Corporate and MICE Segment Expansion
Business conferences, events, and meetings drive demand for hotels with modern amenities and convention facilities.
Recent Developments & Trends
Rapid expansion of budget and midscale hotel chains across tier-2 and tier-3 cities
Increasing adoption of contactless check-ins, mobile key access, and AI-driven guest personalization
Rising focus on sustainability, eco-friendly practices, and energy-efficient operations
Growth of boutique and heritage hotel offerings to cater to niche travelers
Surge in online travel bookings and integration with loyalty programs
Frequently Asked Questions:
1] What is the growth rate of the India Hotels Market?
Ans. The India Hotels Market is expected to grow at a CAGR of 9.2%during the forecast period.
2] Which region is expected to dominate the India Hotels Market?
Ans. West and South India are projected to dominate the market due to high tourism and business travel.
3] What is the expected India Hotels Market size by 2030?
Ans. The India Hotels Market is expected to reach USD 25.87 Bn by 2030.
4] Which are the top players in the India Hotels Market?
Ans. The key players in the India Hotels Market include Taj Hotels, ITC Hotels, Oberoi Hotels, Lemon Tree Hotels, Marriott International, Hyatt Hotels, and Radisson Hotels.
5] What are the factors driving the India Hotels Market growth?
Ans. Rising domestic and international tourism, corporate travel, and adoption of online booking platforms are major growth drivers.
Related Reports:
Luxury Hotels Market https://www.maximizemarketresearch.com/market-report/luxury-hotels-market/167080/
Online Travel Agencies Market https://www.maximizemarketresearch.com/market-report/online-travel-agencies-market/198871/
Boutique Hotels Market https://www.maximizemarketresearch.com/market-report/boutique-hotels-market/122249/
Most Performing Reports:
India Artificial Meat Market https://www.maximizemarketresearch.com/market-report/india-artificial-meat-market/90903/
Swine Feed Market https://www.maximizemarketresearch.com/market-report/global-swine-feed-market/72105/
Corn Germs Supplements Market https://www.maximizemarketresearch.com/market-report/corn-germs-supplements-market/72093/
About Maximize Market Research:
Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.
Connect With Us:
MAXIMIZE MARKET RESEARCH PVT. LTD.
2nd Floor, Navale IT park Phase 3,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
+91 9607365656
sales@maximizemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Hotels Market USD 1071.49 Billion in 2024, CAGR 9.2% Forecast to 2032 here
News-ID: 4340082 • Views: …
More Releases from MAXIMIZE MARKET RESEARCH PVT. LTD.
Paraben Market Size, Share, and CAGR 5.8% Forecast 2025-2032
Paraben Market: Growth, Dynamics, and Future Outlook
The Paraben Market plays a crucial role in the global personal care, cosmetics, pharmaceutical, and food industries due to the widespread use of parabens as effective preservatives. Parabens help prevent microbial growth, extend product shelf life, and maintain product safety. Despite growing regulatory scrutiny and rising consumer awareness around ingredient safety, the paraben market continues to evolve through innovation, reformulation strategies, and demand from…
Online Event Ticketing Market Size, Trends & Forecast (2025-2032)
The Online Event Ticketing Market, valued at USD 61.57 billion in 2024, is projected to grow at a CAGR of 4.8% from 2025 to 2032, driven by increasing adoption of digital ticketing platforms, mobile ticketing apps, virtual events, AI-driven ticket solutions, and growing demand for seamless online booking across concerts, sports, festivals, and corporate events worldwide.
The online event ticketing market has witnessed significant growth over the past decade, fueled by…
Artificial Intelligence (AI) in Real Estate Market to Reach USD 1803.45 Billion …
Artificial Intelligence (AI) in Real Estate Market is expected to reach US $ 1803.45 Bn by 2030, at a CAGR of 35% during the forecast period.
Artificial Intelligence (AI) is transforming the real estate industry by enabling smarter decision-making, automating repetitive tasks, and analyzing vast amounts of data. From property search and valuation to marketing, building management, and investment analysis, AI is reshaping an industry traditionally driven by manual processes. It…
Indian Food and Beverages Market: CAGR 11.05%, Growth Analysis and Forecast to 2 …
Indian Food and Beverages Market: Growth, Dynamics, and Future Outlook
India's food and beverages industry is one of the largest and most dynamic consumer markets in the world. Backed by a growing population, rising disposable incomes, urbanization, and evolving dietary preferences, the sector has transitioned from traditional consumption patterns to a more organized, branded, and value-added ecosystem. Today, the Indian food and beverages market spans packaged foods, dairy products, beverages, ready-to-eat…
More Releases for Hotel
E-sports Hotel Market Is Booming Worldwide | Atari Hotel, The Arcade Hotel, i …
E-sports Hotel Market: The extensive research on E-sports Hotel Market, by Qurate Research is a clear representation on all the essential factors that are expected to drive the market considerably. Thorough study on E-sports Hotel Market helps the buyers of the report, customers, the stakeholders, business owners, and stockholders to understand the market in detail. The updated research report comprises key information on the market, such as market rate, estimated…
Gaming Hotel Market 2022 COVID 19 Impact Analysis, New Technology, Demand and Op …
Gaming Hotel is one of the most reliable markets and segmented by manufacturers, regions, type and application. It has arranged and managed information regarding the analysis of various companies, their revenue, price and volume in various regions. The report also provides a forecast for the global Gaming Hotel market from 2022-2028. This will help readers to get an idea about how the market will perform in the coming years so…
Capsule Hotel Market Forecast 2020-26, Super Hotel, Tokyo Ginza Bay Hotel
The latest study on the Global Capsule Hotel market report represents a deep appraisal of the international industry. The research report on the worldwide Capsule Hotel market 2020-2026 sheds light on qualitative as well as quantitative insights, historical Capsule Hotel industry status and authorized projection related to the Capsule Hotel market size. Each and every segment exhibited in this report are discovered through verifiable research methods…
Worldwide Report on Hotel Booking Market 2019-2026 with Top Key Player Profiled …
The Hotel Booking industry is one of the key areas that promote the growth of the Hotel Booking industry at a global level. The booming travel and tourism industry is one of the key factors driving the demand in the Hotel Booking industry. In addition, as a multitude of multinational corporations have widened their base around the world, the number of business travelers who are activating the Hotel Booking industry…
2019 to 2026 Thriving Worldwide Report on Global Hotel Booking Market Top Key Pl …
This report on global Hotel Booking market is a detailed research study that helps provides answers and pertinent questions with respect to the emerging trends and growth opportunities in this particular industry. It helps identify each of the prominent barriers to growth, apart from identifying the trends within various application segments of the global market for Hotel Booking .Collecting historical and recent data from various authentic resources, and depending on…
Popular Phoenix Hotel - Howard Johnson International Airport Hotel
Our focus has been on customer care and we pride ourselves in the fact that we have testimonials from satisfied customers to support our claim. Our staff is courteous, friendly and ready to attend to your needs 24x7 with a very personalized service. Stay with us once and decide yourself whether our claims are authentic or not.
Laced with all contemporary facilities, Howard Johnson International Airport Phoenix comes with features that…
