Hotel Industry In India
                     Hotel Industry In India (2018-2023)
Published on :22 Dec 2022
Report Overview
The Indian hospitality industry, spearheaded by the hotel market, has emerged as one of the primary 
sectors which are driving the economic growth of the country. In India, hotels are classified based on 
location (city hotels, airport motels, resorts, etc.), level of service (upscale, mid-market, and economy), 
and themes (boutique hotels, heritage hotels, etc.).
Market insights: The hotel industry in India is expected to reach a value of INR 1,210.87 Bn by the end 
of 2023, expanding at a compound annual growth rate (CAGR) of ~13% during the 2018-2023 period, 
owing to the high arrival rate of foreign tourists and business delegates
Market segment insights: Kerala is anticipated to be the leading provider of hospitality services in the 
country, with a total of 440 approved hotels. Maharashtra, Gujarat, Rajasthan, and Tamil Nadu are the 
other states that make up the list of top five states with regard to hospitality services.
Market trends: Hotel owners are adopting the latest marketing practices through social media, which 
prove to be effective in generating exposure and higher volume of bookings.
Key growth drivers of the market: During CY 2017, the total number of foreign tourist arrivals in India 
stood at 10.04 Mn and reached 6.75 Mn in January-August 2018, registering a YoY growth rate of 7.5%. 
Key deterrents to the growth of the market: The implementation of the goods and services tax (GST) 
has helped customers of the hospitality industry with reduced expenditure, by harmonizing taxes and 
reducing business transaction costs.
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Table Of Contents 
Chapter 1: Executive summary
Chapter 2: Socio-economic indicators
Chapter 3: Introduction
Chapter 4: Hotel industry in India
Chapter 5: Hotel industry in India segmentation
Chapter 6: Key trends of the market
Chapter 7: Key growth drivers of the market
Chapter 8: Key deterrents to the growth of the market
Chapter 9: Competitive landscape
By Region
United States
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Market Size
Expected to reach
$ 1,210.87 Million 
INR
2018 Forecast year
by the end of 
2023
Base year
CAGR 13% (2018 - 2022)
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