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Indian Hotel Industry
Credit Analysis & Research Limited, Nov 2011, Pages: 146
The hotel industry in India is of significant importance to the Indian economy. It is one of the largest employers and foreign exchange earners.
The industry slowed down since the subprime crisis and the 26/11 terrorist attack; however, FY11 saw some recovery. At CARE Research we believe that the demand is going to remain buoyant in the medium term, however, huge supply coming on board, the ARRs, RevPAR and Occupancy Rates (OR) to remain subdued in the medium term.
The growth would primarily be driven by the rise in domestic tourists. The growth in domestic tourist arrivals can be attributed to the rise in both leisure and business travellers. The growth in leisure travelers would be driven by the rise in personal discretionary income, the higher usage of credit cards, the popularized weekend vacation culture and the growing number of multiple earner families. The increase in business travellers can be attributed to the growing trade and commerce, the increasing number of Meetings-Incentives-Conferences-Exhibitions (MICE) destinations, the increasing number of multi-national companies setting up their base in India and the improvement in air, road and rail connectivity.
CARE Research’s report on the hotel industry provides information on the industry classification, the hotel concepts prevalent in India, the key characteristics of the industry and the financial and operating parameters of top hoteliers. We have also identified ten major locations for the study of the hotel industry in India. These cities represent a healthy mix of business and leisure destinations with a varied topography and culture. The ten cities covered are Ahmedabad, Bengaluru, Chennai, Goa, Hyderabad, Jaipur, Kolkata, Mumbai, NCR and Pune.
The report provides CARE Research’s outlook on market size, Domestic Tourist Arrivals, Foreign Tourist Arrivals and upcoming inventory upto FY15 and the trend in Average Room Rates, RevPAR and OR across the key ten cities and all India average.
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