Market Research

Hotel Market Next Big Thing | Major Giants Bharat Hotels, Hotel Leelaventure, ITC Hotels

Jul 27, 2020 4:46 PM ET

iCrowd Newswire – Jul 27, 2020

An extensive elaboration of the Hotel Industry in India 2019 market strategy of the industry players in the precision of import/export consumption, supply and demand. The study starts with an introduction about the company/manufacturers profiling stating strategic concept behind business using methods to assess and analyze market. It also describes player/manufacturers strategy in the light of Porters, Value Chain & SWOT analysis, and based on that recommendation on players is derived like Bharat Hotels Limited, Hotel Leelaventure Limited, ITC Hotels Limited, Lemon Tree Hotels Limited, The Indian Hotels Company Limited, Sarovar Hotels Private Limited, The Park Hotels, Hyatt Hotels and Resorts, Marriott Hotels India Private Limited, Radisson Hotels Asia Private Company.

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Important players listed in the study:  Bharat Hotels Limited, Hotel Leelaventure Limited, ITC Hotels Limited, Lemon Tree Hotels Limited, The Indian Hotels Company Limited, Sarovar Hotels Private Limited, The Park Hotels, Hyatt Hotels and Resorts, Marriott Hotels India Private Limited, Radisson Hotels Asia Private Company

Porters 5-Forces model is a powerful tool that combines five competitive forces that stop any industry acceleration or growth against external factors. Threats of new entrants and substitution , the customer & supplier bargaining power and the intensity of competition among current rivals in the industry.

The study elaborates factors of Hotel Industry in India 2019 market such as market opportunities, risk, benefit, opportunity loss and profit along with surveyed customer perspective with a view of Short vs. Long Term goals etc. The detailed company/manufacturer profiles included sales figures, revenue, and price of Hotel Industry in 2019 products.

Scope of the Report

Product Type: India accounts for the highest number of domestic leisure travellers in the world. Business travellers are gradually increasing in number, owing to the rapid growth of the IT sector in India and the emergence of several global companies. The KPIs used by the industry to measure business development and management of hotels are average room rate (ARR) and revenue per available room (RevPAR). ARR of the hotel industry in India stood at INR 5,844.81 in FY 2019 as against INR 5,527 in FY 2016, and is expected to reach INR 6,707.46 by FY 2024, expanding at a compound annual growth rate (CAGR) of ~3.16% during the FY 2020-FY 2024 period. RevPAR of Indian hotels stood at ~INR 4,002.76 in FY 2019 and is expected to reach, INR 5,305.91 by FY 2024. After the onset of FY 2020, the Indian hotel industry is anticipated to expand at a promising rate, since India will be hosting the ICC Men’s World Cup in 2023, which would increase the foreign tourist footfall in the country. Difficulties in talent management act as a significant challenge for the hotel industry. Insufficient supply of quality workforce and increased competition for skilled employees from competing service sectors like aviation have raised the attrition rate in the industry., Segmentation insights:, Based on type, the hotel industry in India can be segmented into independent/unbranded hotels, alternate accommodations, new-age hotel chain, and branded/traditional chain. The independent/unbranded segment comprises more than ~70% of the total available hotel rooms. Alternate accommodation is the second-largest segment, owing to the growing popularity of homestays among tourists. The new-age hotel chain is expected to witness the most promising growth during the forecast period, from ~7.36% in FY 2018 to ~14.80% in FY 2024. Moreover, the branded/traditional hotel segment, which dominates the organized sector, accounts for about 5% of the overall hotel industry, in terms of room supply. & Based on the city-wise supply of rooms, tier I cities like New Delhi and Mumbai reported the highest number of rooms, followed by Bengaluru and Chennai, and together they account for ~30% of the total market share in the country. About 27% of the industry is dominated by smaller cities where the market is mostly unorganized and is primarily dominated by independent/unbranded hotels.

This report covers the current scenario and growth prospects of Hotel Industry in India 2019 Market for the period 2019 to 2025. The study is a professional and in-depth study with around – no. of tables which provides statistics of actual scenario of industry and acts as valuable guide to direction companies and individuals interested in the domain.

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On what parameters study is being formulated?

– Analysis Tool: The Hotel Industry in India 2019 Market Report contains accurate analysis and evaluation data for key industry players and market coverage using a number of analytical tools like data triangulation and iterative data estimation.

-Key Strategic Developments: This Hotel Industry in 2019 study includes product/service developments of market, including R & D, new launches, M & A, JV & partnerships along with regional growth of leading giants in the market.

-Key Market Features: The study also provides a comprehensive study of key market dynamics and current trends, along with relevant market sectors and sub-sectors.

The Hotel Industry in India 2019 study includes data from 2014 to 2025 useful for industry executives, marketing, sales and product managers, analysts, and anyone looking for market data in easily accessible document.

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Some extract from Table of Contents
• Overview of Hotel Industry in India 2019 Market
• Hotel Industry in 2019 Size (Sales Volume) Comparison by Type (2019-2025)
• Hotel Industry in 2019 Size (Consumption) and Market Share Comparison by Application (2019-2025)
• Hotel Industry in 2019 Size (Value) Comparison by Region (2019-2025)
• Hotel Industry in 2019 Sales, Revenue and Growth Rate (2019-2025)
• Hotel Industry in 2019 Competitive Situation and Trends
• Players/Suppliers High Performance Pigments Manufacturing Base Distribution, Sales Area, Product Type [, India accounts for the highest number of domestic leisure travellers in the world. Business travellers are gradually increasing in number, owing to the rapid growth of the IT sector in India and the emergence of several global companies. The KPIs used by the industry to measure business development and management of hotels are average room rate (ARR) and revenue per available room (RevPAR). ARR of the hotel industry in India stood at INR 5,844.81 in FY 2019 as against INR 5,527 in FY 2016, and is expected to reach INR 6,707.46 by FY 2024, expanding at a compound annual growth rate (CAGR) of ~3.16% during the FY 2020-FY 2024 period. RevPAR of Indian hotels stood at ~INR 4,002.76 in FY 2019 and is expected to reach, INR 5,305.91 by FY 2024. After the onset of FY 2020, the Indian hotel industry is anticipated to expand at a promising rate, since India will be hosting the ICC Men’s World Cup in 2023, which would increase the foreign tourist footfall in the country. Difficulties in talent management act as a significant challenge for the hotel industry. Insufficient supply of quality workforce and increased competition for skilled employees from competing service sectors like aviation have raised the attrition rate in the industry., Segmentation insights:, Based on type, the hotel industry in India can be segmented into independent/unbranded hotels, alternate accommodations, new-age hotel chain, and branded/traditional chain. The independent/unbranded segment comprises more than ~70% of the total available hotel rooms. Alternate accommodation is the second-largest segment, owing to the growing popularity of homestays among tourists. The new-age hotel chain is expected to witness the most promising growth during the forecast period, from ~7.36% in FY 2018 to ~14.80% in FY 2024. Moreover, the branded/traditional hotel segment, which dominates the organized sector, accounts for about 5% of the overall hotel industry, in terms of room supply. & Based on the city-wise supply of rooms, tier I cities like New Delhi and Mumbai reported the highest number of rooms, followed by Bengaluru and Chennai, and together they account for ~30% of the total market share in the country. About 27% of the industry is dominated by smaller cities where the market is mostly unorganized and is primarily dominated by independent/unbranded hotels.]
• Analyze competitors, including all important parameters of Hotel Industry in 2019
• Hotel Industry in India 2019 Manufacturing Cost Analysis
• Marketing Strategy Analysis, Research Conclusions

Check complete table of contents with list of table and figures @ https://www.htfmarketreport.com/reports/2577604-hotel-industry-in-india-2019

Key questions
who are the Leading key players and what are their Key Business strategies in the Hotel Industry in India 2019 market?
What are the key consequences of the five forces analysis of the Hotel Industry in India 2019 market?
What are different opportunities and threats faced by the dealers in the Hotel Industry in India 2019 market?
How key vendors are strengthening?

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