Growth of Hotel Companies in India
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Resources – Hotel Industry
Industry Resources for Hotel Industry List of Resources to understand the Industry in detail. These reports together give a great start to understand the industry…
Regulations to operate in the Industry
To operate in Hotel Industry, each player needs a variety of approvals and licenses. Companies end up spending between 2-3% of their revenues to obtain and maintain such licenses.
Trends in Hotel Industry in India
Major Trends that exist in QSR Industry-
1. Increase in the share of Organized Players post COVID19.
2. Increasing Participation from Online Travel Agents and Increase in Commissions charged by them.
3. Asset Light model gaining market share with Management and Franchised Contracts
4. Disruptive Models – Oyo, AirBnB, Hostels, Coliving gaining market share.
Factors for Growth in Hotel Industry in India
Major Factors that contribute to growth of Hotel Industry in India are –
1. Expansion of Tourism
2. Government thrust on Tourism and initiatives around the same
3. Post-COVID travel bounceback.
4. Continuous reduction in Airfares and increase in accessibility over years.
5. Increased Investments in the Space.
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