The Room occupancy rate in Luxury hotels in India, attained a value of 67.43% in 2023
The indicator recorded a historical change (bps difference) of 3,523 bps between 2020 to 2023, and is expected to grow by...
GlobalData projects the figure to change by 236 bps between 2024 and 2028, reaching...
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 hotels and motels industry in Idia experienced very strong in 2019, followed by a decline in 2020 and 2021. The industry is expected to achieve very strong growth until 2023. 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.
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