Hotel Chains in India
There are 36,000 Hospitality Companies in India and 6,10,000 Hospitality Companies in the World
The hospitality Companies in India, led by the hotel market, have raised as one of the primary sectors which are pushing the economic growth of the country. In India, hotels are categorised on the basis of location (city hotels, resorts, etc.), themes (heritage hotels, boutique hotels, etc.) and level of service (upscale, mid-market, and economy).
The hospitality industry is likely to grow with a value of INR 1,210.87 billion by 2023, increasing at a CAGR OF 13% during the 2018-2023 period, due to the high arrival rate of foreign tourists and business delegates.
In 2022, the major hotel brands operating in India are The Indian Hotels Company Limited, JW Marriott, Hyatt Hotels, The Lalit, ITC Hotels and HLV Ltd.
During the financial year 2021, the occupancy rate (percentage of days for which rooms are booked in a given period) of hotels in India was 33.8%. It was a drop from over 60% in previous years. The midscale hotels had the highest occupancy rate, approx. 37% among the other types of hotels.
As per JLL, the Indian hospitality sector observed growth of 100.3% year on year in Revenue Per Available Room (RevPAR) during the fourth quarter of 2021.
Moreover, hotel owners are also implementing digital marketing practices by using social media. This will generate exposure and ultimately increase the higher volume of bookings.
The government of India has also granted 100% foreign direct investment (FDI) in the development of hotels, resorts, tourism and other recreational facilities.
There are more than 5,50,000 employees working in the Hospitality industry in India whereas the count for the same in the world is 6 million.
- Hyatt Hotels Corporation
- HLV Ltd (Hotel Leela Venture)
- InterContinental Hotels Group
- Marriott International India Pvt Ltd
- Radisson Blu Hotels
- Shangri La Hotels & Resorts
- Taj Hotels, Resorts & Palaces
- The Lalit Hotels
- The Oberoi Group
- The Park Hotels
Hotels are seen as both the pride of a city and the history of a country. Even if you’re going on vacation, work, or some other kind of trip, you might have to travel across the country or even across the world. Lodge: You stay there when things like this happen. Lodges are categorised and rated based on how many stars they have. It’s also possible to choose the type of lodge and room that best fits your needs and your money. If you look at the state of the hotel rooms in a country, you can figure out how healthy it is.
There are also a lot of Lodge brands in India that are trying to show the world what India has to offer. If you live in India, you can find some of them there, but others come from outside of India. However, all of them have built a lot of new and unique hotels so that our cities look pretty. When we write this blog, we’ll talk about the best hotel companies in India in 2022.
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