In the forecast period, the demand for unrated hotels is set to witness a decline in current value terms, on the back of the expansion of higher-tier hotel chains into non-metro cities, along with consumers’ increasing reliance on online research and reviews to make the decision about which accommodation to choose. Recognising the untapped potential of newer leisure travel destinations, especially those related to spiritual travel and within proximity of major travel destinations, major hotel chains are expanding their footprint in India.
Lodging in India is poised to witness continued growth in the forecast period, underpinned by the surge in travel demand, which is set to drive an uptick in bookings in the coming years. With about 49% of consumers in India intending to increase their travel spending over the next 12 months, according to Euromonitor’s Lifestyles survey 2023, the number of travel trips is set to increase significantly, and the demand for accommodation will increase alongside, creating continued growth opportunities for lodging companies in India.
Delivery:
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
This report comes in PDF with additional info in Excel included.
Understand the latest market trends and future growth opportunities for the Lodging (Destination) industry in India with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Lodging (Destination) industry in India, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Lodging (Destination)
Lodging (Destination) covers the main types of lodging used by inbound and domestic tourists, providing a destination point of view (also known as point of supply). Lodging value is measured in terms of the price paid for lodging by the consumer and businesses based on total room sales. It does not include food and drinks or any other form of revenue that is not directly related to lodging, such as events and conferences and guest services, such as gym, spa, shop, room service, restaurant and café. Lodging volume is measured in terms of number of outlets and rooms at year end, and room nights as total of the full year.
See All of Our DefinitionsThis report originates from Passport, our Lodging (Destination) research and analysis database.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!