The Average daily rate in Upscale hotels in India, attained a value of USD 61.77 million in 2021
The indicator recorded a historical decline CAGR of 3.04% between 2018 to 2021, and is expected to grow by ...
GlobalData projects the indicator to grow ...
Hotels and motels in India
The hotels & motels industry consists of establishments that provide paid lodging and full guest services, typically with a continuous staff presence. In the case of motels, this includes off-street parking facilities, but not necessarily meal services. The industry is detailed in both value and volume terms. Industry value consists of the total revenue generated by (a) rent that a guest pays for an occupied room and (b) other revenues, including revenue from food and beverages, telecommunications, health and leisure operations, and car rentals. Industry volume consists of the number of establishments in a given country that provides paid lodging and full guest services.
Market analysis of hotels and motels in India
The population’s rising income has spurred domestic leisure and business travel expenditure, while international tourist arrivals were also increased by the relaxing of visa requirements. The government has completely allowed FDI under the automatic route to upgrade the travel and tourism industry and, as a result, international hotel brands have started taking a keen interest in India.
Who are the leading players?
The leading player in the Indian hotels and motels industry is Marriott International, with approximately many establishments in operation across the country. The company operates a variety of brands within the upscale and luxury segments. OYO Hotels is an Indian hotel chain and one of the fastest growing hotel companies worldwide. The company operates a variety of brands ranging from midscale to luxury, including Taj, Vivanta by Taj Hotels & Resorts, Taj Exotica, Taj Safari, The Gateway Hotel, and Ginger Hotels. Sarovar Hotels operates as a leading player in the Indian hotels and motels industry, with many establishments operating across the country. The company offers a range of accommodation ranging from budget to luxury. The company’s brands include Sarovar Premiere, Sarovar Portico, Hometel, The Oriental Blossom, and Geoffrey’s The Pub. Through a partnership with Radisson, the company also manages the Radisson, Park Plaza and Park Inn brands in India.
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