This report presents a comparison of hotel space supply and demand generators for 10 key Asian metropolitan areas throughout 6 Nations around the world.
HVS Report Asia Pacific- Area for Expansion


The Indian lodges sector was poised to expand to better heights pushed by raising demand from customers in the pre-COVID period and the current disaster is just a speed-breaker in its route. As a well known adage goes, “in every single crisis lies an opportunity”, this calamity can also be turned into an option for the sector as this is perhaps an opportune time to spend in hotels.
As for each our India Accommodations Outlook Report, August 2020, occupancy and normal every day rate (ADR) will achieve pre-COVID stages by 2022 & 2023, respectively. We anticipate that the shift in charge constructions thanks to COVID will continue to stay, which combined with the return in overall performance in 2023 will consequence in superior yields for accommodations.
India is one of the fastest increasing vacation & tourism (T&T) economies in the globe many thanks to its varied landscape, prosperous heritage, and cultural variety, which draws in tourists from across the region and the earth. However, we have however not tapped into the complete possible of tourism in the nation, predominantly because of to the deficiency of fantastic high-quality resort infrastructure. Even our important cities nonetheless absence the significant tourism infrastructure required to increase resort desire.
India cumulatively has fewer structured lodge rooms (excluding aggregators) when compared to its peers in Asia, in particular when seen below the lens of the country’s populace and its demographic profile. For instance, China, its closest comparison in complete inhabitants has virtually 9 times more arranged lodge provide. There is major demand from customers-provide hole even in our essential cities such as Delhi NCR, Mumbai and Bengaluru, which even now have the cheapest proportion of branded hotel rooms amongst the important Asian hotel marketplaces.
In this report, we have analyzed the resort space offer in the 3 main cities in India – Delhi NCR*, Mumbai and Bengaluru – with other essential Asian metropolitan areas, evaluating hotel density centered on population, air visitors and Grade A place of work inventory – the three key aspects driving hotel space desire in any place.
Our evaluation displays that there is nevertheless room to make lodges in India, but watchful setting up is needed to create the ideal sort of house in the appropriate industry as resort progress funds costs and gestation durations are large as opposed to other actual estate assets.
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*Delhi NCR in this report refers to Delhi and Gurugram only
Akash Datta, HVS Senior Vice President – Consulting and Valuation, qualified prospects consulting engagements, encompassing market scientific tests, feasibility reports, strategic arranging, valuation, and forecasting. Akash has spent virtually 13 yrs in the hospitality business having productively worked with Intercontinental Resort and Consulting companies these as Hilton, JLL and HVS in South Asia and the Middle East. In 2005, Akash started off his Consulting job with HVS as an analyst adhering to which he undertook his MBA in Worldwide Hospitality Administration with concentration in Actual Estate Finance from IMHI ESSEC in Paris, France. Identified for his business insights, Akash is effective with foremost corporations, personal purchasers, business groups, and global networks. Speak to Akash at +91 989 9517 404 or [email protected].
Dipti Mohan, Senior Supervisor – Investigate with HVS South Asia, is a seasoned knowledge qualified with comprehensive expertise in exploration-based articles development. She has authored quite a few ‘point of view’ files this sort of as assumed management studies, professional view posts, white papers and research stories. Get hold of Dipti at [email protected].
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