Already on ArticleSlash?

Forgot your password? Sign Up

Budget hotels to be the fastest growing segment in the Hotel Industry in India

 


Visitors: 496
 1 vote

The hotel industry in India thrives largely due to the growth in tourism and travel. Due to the increase in tourism with rising foreign and domestic tourists, hotel sector is bound to grow as it will provide lodging and food to these tourists. Emergence of budget hotels in India to cater to the majority of the population who seek affordable stay has materialized into an effective driver for growth. This sector will benefit due to certain Government regulations that will steer this sector towards growth.

The report begins with an overview of the travel and tourism industry in India providing the market size and growth as well as an indication about the foreign exchange earnings by the sector. This is followed by an overview of hotel industry. This provides an introduction to the hotel industry and covers the market size and growth of luxury hotels as well as the market segmentation of the hotel rooms operational in India. The various types of hotels in India based on services provided are also highlighted. Furthermore, it covers the primary consumer base for this space. Additionally, it highlights the occupancy rates prevalent in the market.

An analysis of the drivers explains the factors for growth of the market and includes growth in tourism, opening of the aviation sector, emergence of budget hotels, shortage of hotel rooms and major events. India being a land of rich natural diversity has consistently been on the tourists’ radar and tourism has been on a growth trajectory. India is presently considered as a provider of low cost medical treatments which has led to the development of India as a destination for medical tourism. These factors have contributed to the growth of tourism which is a powerful driver for growth of the hotel sector. The opening up of the aviation sector has provided the needed thrust. Major players diversifying into the mid-market segment to develop budget hotels has also been an added driving force. Such hotels are constructed to tap prospective consumers who seek stay at affordable price. International companies are increasingly looking at setting up such hotels. Imbalance in increase in tourists both domestic and foreign not been supported with equal number of rooms is a latent source of opportunity for growth. Additionally, the rise in major events being organized in India has also posed as a chief driver for the sector. However, the sector is also facing certain challenges. Factors such as socio-political concerns, lack of infrastructure and increasing operating costs pose as barriers to the growth of this sector.

The major trends indentified in the market include entry of foreign players, franchising model of operation and special services for female guests. This sector is also affected by certain Government regulations such as the setting up of Hospitality Development and Promotion Board, changes in the taxation system as well as tourism enhancement.

The competition section offers a competitive landscape of the players, both domestic and foreign, in the market which contains a snapshot of their corporate information and business highlights. Strategic recommendations for this market have also been provided.

Netscribes is a market research firm that supports Market Insights, Research & Analytics, Media & Publishing, and Content Management. Netscribes services include Sales Insights, Market Intelligence, Social Media Insights, and Brand Surveillance for global clients.

Research On India (ROI) is Netscribes’ leading source for market intelligence on emerging sectors in India. Our topics provide a holistic view of an industry and are a spring board for entry strategies, private equity and venture capital investments, investor presentations and management discussions.

For more details on the content of the report and our services you can contact us at sales@researchonindia.com

Netscribes (India) Pvt. Ltd. launches a report on the Hotel Industry in India 2011 as part of Netscribes’ Travel and Tourism Industry Report Series. Netscribes is a Investment Research Firm that supports Market Insights, Research & Analytics, Media & Publishing, and Content Management.

(696)

Article Source:


 
Rate this Article: 
 
Profiles of private companies in the K-12 segment of the education sector in ..
Rated 3.0 / 5
based on 1 vote
ArticleSlash

Related Articles:

Budget Hotel In India

by: Vineet Gupta (February 10, 2011) 
(Travel and Leisure/Hotels Accommodations)

The hospitality industry in India is growing

by: Jajati Patro (May 02, 2011) 
(Business/International Business)

Growing Animation Industry in India

by: Mkt Mukesh (July 09, 2011) 
(Reference and Education/Online Education)

Hotels in Manila A Choice Budget Accommodation in Garden Heights Hotel Manila

by: Kelvin Kong (June 30, 2008) 
(Travel and Leisure/Hotels Accommodations)

Premium Segment Hotels Stake on Children

by: Iuri Tarabanov (December 20, 2007) 
(Travel and Leisure)

Three Rio De Janeiro Hotels - Copacabana Palace, Hotel Gloria and Hotel Novo ..

by: Hakan Almerfors (August 10, 2008) 
(Travel and Leisure/Hotels Accommodations)

Budget Hotel - Prince D Angkor Hotel and Spa in Siem Reap

by: Bjorn Andersson (October 20, 2011) 
(Travel and Leisure/Hotels Accommodations)

BSNL Tablet price in India and its competitors in low end segment

by: Rajnis Sharma (May 03, 2012) 
(Communications/Mobile Cell Phone)

Hotel 89 Angkor - An Elegant Budget Hotel for Traveler

by: Bjorn Andersson (July 26, 2011) 
(Travel and Leisure/Hotels Accommodations)

Profiles of private companies in the K-12 segment of the education sector in ..

by: Sachin Thorat (September 26, 2011) 
(Reference and Education)