Short-term rentals is expected to record a value CAGR of 16% (at constant 2022 prices) over the forecast period, supported by privacy as an advantage over other lodging offerings. Additionally, short-term rentals is set to witness a relatively fast return to pre-pandemic sales levels with a growing number of listings across the country.
Over the forecast period, tier 2 and tier 3 cities are expected to see a rising number of budget hotels opening, supported by greater demand for exploring religious or unconventional places. As a result, major hotel chains have presented expansion plans for the coming years, focused largely on such cities.
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Understand the latest market trends and future growth opportunities for the Lodging (Destination) industry in India with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Lodging (Destination) industry in India, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Lodging (Destination) covers the main types of lodging used by inbound and domestic tourists, providing a destination point of view (also known as point of supply). Lodging value is measured in terms of the price paid for lodging by the consumer and businesses based on total room sales. It does not include food and drinks or any other form of revenue that is not directly related to lodging, such as events and conferences and guest services, such as gym, spa, shop, room service, restaurant and café. Lodging volume is measured in terms of number of outlets and rooms at year end, and room nights as total of the full year.See All of Our Definitions
This report originates from Passport, our Lodging (Destination) research and analysis database.
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