Indian hotel chains, all set for the expansion drive, is likely to face stiff competition from well-known chains that have aggressive expansion of the domestic market interventions.
Analysts say a few years could go to the level of competition that could put pressure on Indian companies room' rates in the face-off with the global giants, but will still manage to grow to the growing demand for rooms in Asia' the third largest economy.
This will help stabilize rates are more and better offers. I think it's healthy for the market for more hotels to come in,"he said.
India, with a population of more than 1 billion, only about 104,000 rooms, according to government estimates. By comparison, New York City alone has more than 80,000 rooms.
Recovery in global markets and the booming domestic market has resulted in increased business and leisure travel in the country, driving up demand for hotel rooms.
Demand for hotel rooms far exceeds supply in India, which has attracted global players such as Star wood Hotels & Resorts, Marriott International, Hyatt Hotels, Inter Continental Hotels and Accor Hospitality.
Analysts say a few years could go to the level of competition that could put pressure on Indian companies room' rates in the face-off with the global giants, but will still manage to grow to the growing demand for rooms in Asia' the third largest economy.
This will help stabilize rates are more and better offers. I think it's healthy for the market for more hotels to come in,"he said.
India, with a population of more than 1 billion, only about 104,000 rooms, according to government estimates. By comparison, New York City alone has more than 80,000 rooms.
Recovery in global markets and the booming domestic market has resulted in increased business and leisure travel in the country, driving up demand for hotel rooms.
Demand for hotel rooms far exceeds supply in India, which has attracted global players such as Star wood Hotels & Resorts, Marriott International, Hyatt Hotels, Inter Continental Hotels and Accor Hospitality.
