Report Published: "Travel Accommodation in India"

Demand for hotels grew strongly in 2013. This was primarily driven by increased frequency of the number of trips taken by consumers. Prior to the review period, most consumers travelled once a year with family; however, that started to change towards the end of the review period. In 2013, more consumers were travelling without family, in singles or in groups, with the frequency of trips taken increasing from once or twice a year to almost every two to three months. As a result of which, total demand for hotels increased, which led to a higher occupancy rate across all types of accommodation and a lower average daily room rate.

Industry Prospects

Hotels is expected to grow at a CAGR of 8% at constant 2013 prices over the forecast period. This growth will be driven by budget hotels or no-frills hotels that travellers, both domestic and international, seem to prefer for their low costs and basic amenities.

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Report Overview

Discover the latest market trends and uncover sources of future market growth for the Travel Accommodation industry in India with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Travel Accommodation industry in India, our research will save you time and money while empowering you to make informed, profitable decisions.

The Travel Accommodation in India market research report includes:

* Analysis of key supply-side and demand trends
* Detailed segmentation
* Historic volumes and values, company and brand market shares
* Five year forecasts of market trends and market growth
* Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

* What is the market size of Travel Accommodation in India?
* What are the major brands in India?
* What is the rate of development for chained hotels vs independent hotels?
* How are luxury hotels performing compared to mid-priced and budget hotels?
* Is there an increase in hostels and campsites?

Reasons to Get this Report

* Gain competitive intelligence about market leaders
* Track key industry trends, opportunities and threats
* Inform your marketing, brand, strategy and market development, sales and supply functions

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