Average daily rate of hotels in India FY 2016-2023
The average daily rate of hotels in India was around 6.9 thousand Indian rupees in fiscal year 2023. The average daily rate for luxury hotels was the highest at 12,923 Indian rupees that same year. The decline in average daily rate came in the wake of the coronavirus (COVID-19) pandemic.
Community rest houses
In India, community sleeping places have been present for centuries. These rest houses are called Dharamshalas, literally meaning “a spiritual dwelling”, that provide shelter for pilgrims and travelers during their journey. Most religious establishments have dedicated areas to provide free food and a place to rest within their premises.
Established brands still popular
The hospitality industry is changing at a fast pace with the rise of entrepreneurs and their new and innovative ideas for hotel spaces. Even with tough competition from OYO and Airbnb providing unique accommodations, some traditional hotels have retained their hold on the hotel market in India. Among the various hotel companies across India, The Indian Hotels Company, a subsidiary of the Tata Group conglomerate, was the most successful hotel company based on net sales in 2019. Some successful hotel brands owned by this company are Taj, Ginger, and Vivanta.
Community rest houses
In India, community sleeping places have been present for centuries. These rest houses are called Dharamshalas, literally meaning “a spiritual dwelling”, that provide shelter for pilgrims and travelers during their journey. Most religious establishments have dedicated areas to provide free food and a place to rest within their premises.
Established brands still popular
The hospitality industry is changing at a fast pace with the rise of entrepreneurs and their new and innovative ideas for hotel spaces. Even with tough competition from OYO and Airbnb providing unique accommodations, some traditional hotels have retained their hold on the hotel market in India. Among the various hotel companies across India, The Indian Hotels Company, a subsidiary of the Tata Group conglomerate, was the most successful hotel company based on net sales in 2019. Some successful hotel brands owned by this company are Taj, Ginger, and Vivanta.
