Over the last decade and a half, the mad rush to India for business opportunities has intensified and elevated room rates and occupancy levels in India. Even budget hotels are charging USD 250 per day. The successful growth story of 'Hotel Industry in India' is second only to China in the Asia Pacific. Indian hotels welcome approximately 1.8 billion domestic travellers and 9-9.5 million foreign travellers in a stable financial year.
'Hotels in India' have a supply of 110,000 rooms. According to the tourism ministry, 4.4 million tourists visited India last year and at the current trend, demand will soar to 10 million in 2010 - to accommodate 350 million domestic travellers. 'Hotels in India' has a shortage of 150,000 rooms fueling hotel room rates across India. With the tremendous pull of opportunity, India is a destination for hotel chains looking for growth. The World Travel and Tourism Council, India, data says, India ranks 18th in business travel and will be among the top 5 in this decade. Sources estimate demand is going to exceed supply by at least 100% over the next 2 years. Five-star hotels in metro cities allot the same room, more than once a day to different guests, receiving almost 24-hour rates from both guests against 6-8 hours usage. With demand-supply disparity, 'Hotel India' room rates are most likely to rise 25% annually and occupancy to rise by 80%, over the next two years. 'Hotel Industry in India' is eroding its competitiveness as a cost-effective destination. However, the rating on the 'Indian Hotels' is bullish.
'India Hotel Industry' is adding about 60,000 quality rooms, currently in different stages of planning and development and should be ready by 2012. MNC Hotel Industry giants are flocking India and forging Joint Ventures to earn their share of the pie in the race. The government has approved 300 hotel projects, nearly half of which are in the luxury range. Sources said the manpower requirements of the hotel industry will increase from 7 million in 2002 to 15 million by 2010.
With the USD 23 billion software services sector pushing the Indian economy skywards, more and more IT professionals are flocking to Indian metro cities. 'Hotel Industry in India' is set to grow at 15% a year. This figure will skyrocket in 2010 when Delhi hosts the Commonwealth Games. Already, more than 50 international budget hotel chains are moving into India to stake their turf. Therefore, with opportunities galore the future 'Scenario of Indian Hotel Industry' looks rosy.
Several classified star hotels across India in 2021:
| Star classification | Number of hotels |
|---|
| Three-star | 518 |
| Four-star (with alcohol) | 254 |
| Five stars deluxe | 190 |
| Four-star (without alcohol) | 143 |
| Five stars (with alcohol) | 142 |
| Five stars (without alcohol) | 50 |
| Two-star | 24 |
| One star | 9 |
Several classified star hotels across India in 2021:
| Financial year | Occupancy rate (%) |
|---|
| 2011 | 60.60% |
| 2012 | 59.30% |
| 2013 | 57.80% |
| 2014 | 58.40% |
| 2015 | 59.80% |
| 2016 | 63.30% |
| 2017 | 64.80% |
| 2018 | 65.70% |
| 2019 | 66.70% |
| 2020 | 65.40% |
| 2021 | 33.80% |
Top 10 hotels in India: (2021)
- EIH Ltd
- Fortune park hotels Ltd (ITC)
- Indian hotels company ltd
- Intercontinental hotel groups
- Lemon tree hotels ltd
- Mahindra holidays and resorts India Ltd
- Marriott international private Ltd
- Radisson Blu Plaza Delhi
- Taj Palace hotel
- The Lalit Mumbai
NEW HOTEL LAUNCHES POST-COVID
| Company | Headline | Number of rooms | Announcement |
|---|
| IHCL | Ginger expands its presence in North-East India; signs a new hotel in Guwahati. | 76 | September 2020 |
| Dusit International | Thailand's Dusit International, one of Asia's fastest-growing hospitality chains, announced its expansion into India with Jain Group. | 126 | September 2020 |
| Lemontree Hotels | Lemon Tree Hotels debuts in the holy city of Dwarka with Lemon Tree Premier, Dwarka | 109 | September 2020 |
| Cygnett Hotels | Cygnett Group of Hotels and Resorts strengthens their presence in North; launches their 1st hotel in Punjab | 40 | September 2020 |
| Sayaji Hotels | Sayaji Group of Hotels has added another hotel in Pune with the launch of 'Sunrise by Sayaji'. | 29 | August 2020 |
Last Updated on August 10, 2021
