India’s hotel market is projected to grow from around $7.5 billion in 2019 to $16.8 billion by 2025, reported ResearchAndMarkets.com in its India Hotel Market report, which examines the market by hotel type, revenue streams, booking type, region, competition, forecast and opportunities
India’s hotel market is expected to grow on account of rising urbanization, increasing foreign as well as domestic tourist arrivals coupled with growing disposable income in the country. Expanding young and working population coupled with an increasing number of dual-income families are expected to positively affect the market in the coming years.
The country’s hotel market is categorized into mid-market hotels, upscale hotels and economy hotels. The mid-market hotels segment holds the largest market share, and the trend is expected to continue in the coming ye
