Global market intelligence firm, Netscribes, Inc. released its latest report on the Hotel Industry in India 2014. With Indian tourism and hospitality emerging as a chief growth driver for services industry in India, hotel sector is only poised for further growth. Though economic slowdown has resulted in low occupancy and average room rates for hotels across certain major cities in the country, Indian hotel sector is still expected to show healthy prospects compared to global hotel growth. At a time when global hospitality conditions are still nearing saturation, Indian hospitality sector is being considered as a viable proposition for players.

Netscribes latest market research report titled Hotel Industry in India 2014 states that the increasing tourist footfall both domestic as well as foreign has been instrumental in bolstering growth of hotels across the country. Rising number of tourists is also aided with the ever increasing disposable income at the hands of common people who indulge in short trips throughout the year. Factors like medical tourism and government support augur well for the sectors growth. Another recent phenomenon witnessed in the country is the upsurge of corporate events especially for companies and business travelers which again lead to the rise in demand for hotel rooms. Further, the sector has also witnessed rise in foreign investments especially for setting up new hotels which reason out why the sector is being looked at as one of profound growth for years to come.

Coverage

Overview of the Indian travel and tourism sector and the Indian hotel scenario

Analysis of the hotel industry in India and market size data over 2013 to 2018e

Overview of hotel classification and consumer segmentation

Analysis of the drivers and challenges influencing the market

Overview of the trends and regulations for the mentioned sector

Analysis of the competitive landscape and detailed profiles of major players

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Gain an understanding of the development and growth of the hotel industry in India

Understand the present market situation and future growth prospects of the market in India till 2018e and make business strategies to gain from it

Develop marketing, market-entry, market expansion, and other strategies to establish a strong foothold in the market by understanding factors determining success in the market and identifying key partnering prospects

Gain insights on the business structure and strategies of competitors and respond accordingly

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