Landscaping the India Lodging Market Size
Today, the total Indian lodging market size today stands at ~3.2 Mn hotel rooms, 61% of which are listed online. Hotel Accoumodation is a $19+ Bn market in India with an online penetration of ~18%. Independant chains contribute to 65%+ of the market both in terms of value and volume. Furthermore, demand for PGs is largely driven by students studying away from home (5Mn) and freshers’ working population (0.3Mn); Total market supply of PG beds is ~7.7Mn (excluding University Built Accommodations) with organised shared only ~3%. As per our estimates, the total market size for PG accommodation is estimated to be ~USD 6.3 Bn, ~5% of which is catered by organised players. Finally, there are 97k apartment rooms in India and a market size of ~$489Mn.