Additional InformationPress Release
Budget hotels to be the fastest growing segment in the Hotel Industry in India, finds Netscribes
Netscribes (India) Pvt. Ltd. launches a report on the Hotel Industry in India 2011 as part of Netscribes’
Travel and Tourism Industry Report Series.
Mumbai, India - Nov 09, 2011 - Netscribes (India) Pvt. Ltd., a knowledge consulting solutions company,
announces the launch of its report Hotel Industry in India 2011. The market is expected to witness strong
growth due to the developing tourism sector as well as the rise in low cost carriers leading to an upsurge of
tourists. Players are looking to focus on the economy segment to tap the emerging class of people who
look for affordable stay. The gap in demand-supply is a strong driver for the market and has led to major
domestic and foreign participation. Government initiatives in form of campaigns of ‘Incredible India’ and
tax exemption will lead to further 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.
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