Now Available: Lodging in India

From: Fast Market Research, Inc.
Published: Tue Oct 06 2015

Hotels registered strong growth of 12% in current value terms in 2014 to reach Rs326 billion. The growth was driven by budget hotels during the year. Travelling became an important part of consumers’ lives; it was no longer one or two trips a year with family. Many consumers in the age group 25-35 years have begun to travel at least three to four times in a year, which has led consumers to cut costs in terms of accommodation. Consumers have started to opt for budget hotels, especially those managed by hotel inventory companies such as Oyo Rooms and Zo Rooms.

Industry Prospects

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Lodging is expected to register a constant value CAGR of 6% over the forecast period. This is expected to be driven by hotels; as annual disposable incomes are expected to increase, consumers will be willing to spend more on accommodation, to enjoy their travel experience more.

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?

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