India Luxury Hotel Market Size, Share, Analysis, Growth, Trends, Drivers, Opportunity And Forecast 2027
India Luxury Hotel Market Overview:
The India Luxury Hotel Market analysis provides a full insight into the competition, including the market share and company profiles of the key worldwide rivals. The scope of the research covers a thorough investigation of the India Luxury Hotel Market, as well as the causes for variances in the industry's growth in different regions.
The India Luxury Hotel Market was worth US$ 23.69 Bn. in 2020 and total revenue is expected to grow at a rate of 8.92 % CAGR from 2021 to 2027, reaching almost US$ 46.93 Bn. in 2027.
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Market Scope:
Following the completion of market engineering, which comprised market statistics calculations, estimations of market size, market projections, market breakdown, and data triangulation, major primary research was conducted to obtain information and verify and validate critical numbers. Top-down and bottom-up strategies, as well as several data triangulation procedures, were often used throughout the market engineering process to perform market estimating and forecasting for the overall market segments and sub-segments discussed in this research. In order to give vital information throughout the report, extensive qualitative and quantitative analysis is done on all data gathered throughout the market engineering process.
Segmentation:
On the basis of Type. The Business hotels sector accounts for the major market share. The resorts & spas sector is expected to show major growth during the forecast period. With a growing preference for leisure tourism, there is a prominent rise in demand for holiday resorts & spas which are particularly designed to support visitors relax & take a break from daily schedules.
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Key Players:
Primary and secondary research is used to identify market leaders, and primary and secondary research are used to calculate market revenue. In-depth interviews with important thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives were conducted as part of the primary study. Primary research comprised in-depth interviews with key thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives, while secondary research included a review of the main manufacturers' annual and financial reports. Secondary data is used to determine percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then cross-checked with primary data.
• The biggest players in the India Luxury Hotel Market are as follows:
• OYO
• Lemon Tree Hotel
• Treebo
• Hyatt Hotels Corporation
• InterContinental Hotel Groups
• Marriott International
• Radisson Blue Hotels
• Shangri La Hotels & Resorts
• Taj Hotels Resorts & Places
• The Lalit Hotels
• The Leela Palace
• The Oberoi Group
• The Park Hotels
• Bharat Hotels Limited
• Hotel Leela venture Limited
• ITC Hotels Limited
• The Indian Hotels Company Limited
• Sarovar Hotels Private Limited
• Marriott Hotels India Private Limited.
Regional Analysis:
Individual market influencing components and changes in market regulations affecting the present and future market trends are also included in the regional overview of the India Luxury Hotel Market analysis. Current and future trends are researched in order to assess the entire market potential and identify profitable patterns in order to get a stronger foothold. The geographical market assessment is based on the present environment and expected developments.
COVID-19 Impact Analysis on India Luxury Hotel Market:
End-user industries where India Luxury Hotel Market is utilized saw a dip in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India, due to a pause in operations. This resulted in a significant decrease in the revenues of businesses working in these industries and, as a result, in demand for India Luxury Hotel Market manufacturers, influencing the development of the India Luxury Hotel Market in 2020. End-user business demand for India Luxury Hotel Market has declined significantly as a result of lockdowns and an increase in COVID-19 events worldwide.
Key Questions Answered in the India Luxury Hotel Market Report are:
- In 2021, which segment held the highest proportion of the India Luxury Hotel Market?
- What is the India Luxury Hotel Market's competitive landscape?
- What are the primary drivers assisting the India Luxury Hotel Market growth?
- Which region has the most market share in the India Luxury Hotel Market?
- What will be the India Luxury Hotel Market's CAGR throughout the projected period?
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