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Number of establishments of Midscale hotels in India, 2020 - 2027

Industry: Hotels
Current: Other Industry Indicators

The Number of establishments of Midscale hotels in India, attained a value of 633 in 2023
The indicator recorded a historical growth (CAGR) of 3.02% between 2020 to 2023, and is expected to grow by ...
GlobalData projects the indicator to grow ...

Number of establishments of Midscale hotels in India, 2020 - 2027

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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 provide paid lodging and full guest services.

Impact of COVID-19 on the hotels and motels in India

The Indian hotels and motels industry experienced very strong growth. 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.

Category segmentation

Room revenue is the largest segment of the hotels & motels industry in India. The Non-room revenue is the second largest segment.

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.