India's hotel and hospitality sector boasts a significant market size, marked by steady growth and a current output serving millions of domestic and international tourists annually. With rising domestic travel, increasing disposable incomes, and government initiatives to promote tourism, the sector is expected to witness continued expansion, offering a wide range of accommodation options and hospitality services to cater to diverse traveler preferences.
Foreign direct investment (FDI) inflows into India's hotel and hospitality sector have been substantial, reflecting investor confidence and interest in the country's tourism potential. As India further liberalizes its policies and improves its investment climate, there's an expectation for continued growth in FDI inflows, driving infrastructure development, innovation, and the enhancement of hospitality services across the country.
Currently, India ranks among the top contributors to gross domestic product (GDP) in the world's hotel and hospitality sector, reflecting the significant economic importance of tourism and related activities. As India's tourism industry matures and infrastructure improves, there's an expectation for continued growth in its contribution to GDP, potentially surpassing the global average and solidifying its position as a key player in the international hospitality landscape.
India has a diverse range of hotels catering to various segments of travelers, from budget to luxury. The estimated hotel room inventory in India is vast, with millions of rooms spread across the country's different cities and regions.
Key Indian hotel chains include:
International hotel brands in India also include Hilton Hotels & Resorts, InterContinental Hotels Group (IHG), Four Seasons Hotels and Resorts, Shangri-La Hotels and Resorts, and many others, contributing to the country's diverse hotel inventory.