India is an unbelievably varied country, blessed with a tapestry of marvelous mountains, barren deserts, lush valleys as well as countless miles of shoreline. This abundant selection of surfaces presents matchless travel opportunities, and also thus, the tourism market in India is readied to proceed its quick growth in the years ahead. Resort holiday accommodations dominate India's traveling accommodation market, with greater than 300,000 resorts throughout the country, supplying conventional accommodation, in addition to serviced houses. Online holiday company (OTAs) have come to be one of the most popular method of booking travel accommodations in India.
Through OTAs, clients enjoy affordable costs, adaptable settlement options, as well as a series of bargains to select from. Furthermore, consumers can take advantage of discount promo codes, bonus offer plans, and commitment programs. Direct reservation is ending up being more favored due to the boosting use of digital innovations, including reservations made by means of hotel internet sites and reservation systems. Other booking modes include telephonic bookings and on-site resort team.
The success of the traveling accommodation sector in India is credited the visibility of a variety of aspects including federal government initiatives to advertise tourism, boosting non reusable earnings, and increasing population numbers. Additionally, raising recognition of different places, availability of affordable accommodations, and also expanding confidence in the hospitality industry are expected to profit the market. On the other hand, market development may be hindered by regulatory norms, lack of competent labor as well as rising tax obligations on vacation accommodation.
The market is segmented into type, application, price point, mode of booking. The type segment comprises hotel, hostel, resort, vacation rental, and others. The applications covered in the study include leisure, professional, and others. On the basis of price point, the market is categorized into economy, mid-range, and luxury. Depending on mode of booking, it is segregated into online travel agency, hotel website, and others.
The key players profiled in the report include Expedia, MakeMyTrip, Treebo, Yatra, Goibibo, OYO Rooms, BharatStays, FabHotels, ClearTrip, AirBnB
Key Benefits For Stakeholders
- Enable informed decision-making process and offer market analysis based on current market situation and estimated future trends.
- Analyze the key strategies adopted by major market players in India travel accommodation market.
- Assess and rank the top factors that are expected to affect the growth of India travel accommodation market.
- Top Player positioning provides a clear understanding of the present position of market players.
- Detailed analysis of the India travel accommodation market segmentation assists to determine the prevailing market opportunities.
- Identify key investment pockets for various offerings in the market.
India Travel Accommodation Market Report Highlights
| Aspects | Details |
 Forecast period | 2021 - 2031 |
 Report Pages | 85 |
 By Type |
|
 By Application |
|
 By Price Point |
|
 By Mode of Booking |
|
 Key Market Players | MakeMyTrip, BharatStays, Expedia, Goibibo, Treebo, AirBnB, Yatra, FabHotels, OYO Rooms, ClearTrip |
The India Travel Accommodation Market is estimated to reach $62.9 billion by 2031
Expedia, MakeMyTrip, Treebo, Yatra, Goibibo, OYO Rooms, BharatStays, FabHotels, ClearTrip, AirBnB are the leading players in India Travel Accommodation Market
1. Enable informed decision-making process and offer market analysis based on current market situation and estimated future trends.
2. Analyze the key strategies adopted by major market players in india travel accommodation market.
3. Assess and rank the top factors that are expected to affect the growth of india travel accommodation market.
4. Top Player positioning provides a clear understanding of the present position of market players.
5. Detailed analysis of the india travel accommodation market segmentation assists to determine the prevailing market opportunities.
6. Identify key investment pockets for various offerings in the market.
India Travel Accommodation Market is classified as by type, by application, by price point, by mode of booking
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