India Hotel Market Growth, Trend, Size, Share, and Market Forecast by 2025 |TechSci Research

Rising urbanization, increasing foreign & domestic tourist arrivals coupled with expanding middle class and young working population to drive hotel market in India

According to a recently released TechSci Research Report, “India Hotel Market By Hotel Type, By Revenue Streams, By Booking Type, By Region, By Major City, Competition, Forecast & Opportunities, 2025”, hotel market in India is projected to grow at a CAGR of around 15% during the forecast period 2020 – 2025 on account of increasing number of foreign and domestic tourist arrivals, rising internet penetration, growing disposable income, increasing passion towards travelling among youngsters and expansion of the online channel booking due to the higher discount availability. Also, increasing urbanization, evolving lifestyles, and growing nuclear families in India are positively influencing the market. Moreover, improved air connectivity is also significantly aiding the country’s hotel market, especially in the metro and non-metro cities.

Another important factor boosting India hotel market is a rising number of people travelling for business purpose across the country. Hoteliers are increasingly focusing on offering customer-friendly and comfortable environment coupled with service customization to guests. For eg. digital check-in service provided by the Hilton in its hotels helps customers to check-in through the hotel’s app without reaching the hotel physically. 

             

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Hotel market in India is categorized into Upscale, Mid-Market and Economy segments. Mid-Market accounted for the largest share in India hotel market in 2019, followed by Upscale Hotels segment. In terms of region, the country’s hotel market was dominated by North region, followed by West, South and East regions, and the trend is expected to continue during 2020 – 2025.

Major players operating in India hotel market include Oravel Stays Private Limited, Indian Hotels Company Limited, ITC Limited, EIH Limited, Bharat Hotels Limited, Lemon Tree Hotels, The Leela Palaces, Hotels and Resorts, Marriott Hospitality Services Private Limited, Hilton India Pvt Ltd, and Radisson (India) Private Limited. Other players that have noticeable presence in the country include Concept Hospitality, Sarovar Business And Leisure Hotels Private Limited, Neesa Leisure Ltd, Pride Hotels Limited, Apeejay Surrendra Park Hotels Limited, Park Hotels Limited, Berggruen Hotels Pvt Ltd, Wyndham Hotels & Resorts India Private Limited, Brigade Hospitality Services Limited, Intellistay Hotels Private Limited, Four Seasons Hotels Private Limited, Intercontinental Hotels Group (India) Private Limited, Ruptub Solutions Pvt Ltd (Treebo ) and Aapc India Hotel Management Private Limited. 

              

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“India hotel market is expected to grow at a rapid pace due to rising urbanization and increasing presence of international brands across the country. Also, due to the expanding working population, high-end hospitality services being offering by a rising number of hotels and international brand expansions, the hotel industry in the country is expected to witness robust growth in the coming years. Dual-income families is yet another emerging consumer segment that is being targeted by the leading players operating in the country’s hotel market.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“India Hotel Market By Hotel Type, By Revenue Streams, By Booking Type, By Region, By Major City, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of India hotel market and provides statistics and information on market structure, consumer behaviour and trends. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities available in India hotel market.

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Diabetic Footwear Market Scope, Size, Share, Growth, Trend and Forecast by 2025 | TechSci Research

Rising awareness among diabetic patients, increasing disposable income and rising product availability to drive global diabetic footwear market during the forecast period

According to TechSci Research report, “Global Diabetic Footwear Market By Product, By End User, By Distribution Channel, By Region, Competition, Forecast & Opportunities, 2025”, the global diabetic footwear market is projected to cross $ 9.7 billion by 2025 on account of increasing product innovations, rising disposable income and growing adoption of diabetic footwear to minimize the risk of skin breakdown caused by poor circulation, neuropathy and foot deformities. These specially designed shoes are recommended by doctors as they can help reduce risk and promote healthy blood circulation in feet. To meet the recent fashion trends, primarily among women consumers, the leading players are focusing more towards developing customized and fashionable diabetic footwear, which is expected to further drive global diabetic footwear market through 2025.

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The global diabetic footwear market is segmented based on the product, end-user, distribution channel and region. Based on the distribution channel, the market is bifurcated into Store-based and Non-store based. Until 2019, the store distribution channel segment dominated the diabetic footwear market. This dominance can be attributed to preferred choice by the consumers as well as healthcare professionals towards Store-based purchases as these specially designed shoes require proper fitting and expert guidance before their use, and these requirements are difficult to be fulfilled through online platforms. In terms of end-user, the market can be bifurcated into women and men. Out of which, the men end-user segment dominated the market with a majority share in the diabetic footwear market on account of the higher number of male diabetic patients. However, women diabetic footwear market will be growing at a higher rate than men in the coming years.  Increasing focus on research and development is also driving the market. Purdue University’s researchers have developed a shoe insole that can aid in healing the diabetic foot ulcer. Podartis S.r.l., American Aetrex Worldwide, Inc., Orthofeet Inc, Drew Shoes (U.S.), Dr. Comfort, DJO Global Inc (U.S.), Dr. Zen Products, Inc. (U.S.), Propet USA, Inc. (U.S.), DARCO International, I-Runner (U.S.), Finn Comfort (U.S.), Pilgrim shoes (U.S.), Hush Puppies Retail, Inc., New Balance, Inc., and among others are some of the leading players operating in global diabetic footwear market.

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“North America holds the largest share in the global diabetic footwear market, followed by the Asia-Pacific. Moreover, Asia-Pacific region is projected to register highest CAGR in the coming years which can be attributed to surge in population, increase in ageing population, an increasing number of type 2 diabetic patients, rise in disposable income, and growing awareness about diabetes and its impact on foot health. Also, there is an increasing number of people with the Impaired Glucose Tolerance, which is making people at risk of getting diabetes in future.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Global Diabetic Footwear Market By Product, By End User, By Distribution Channel, By Region, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of global diabetic footwear market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in the global diabetic footwear market.

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Brazil Organic Food Market to Witness more than 20% CAGR until 2025

Brazil organic food market is projected to reach $ 4.4 billion by 2025, exhibiting a CAGR of more than 20% during 2020-2025. The Brazil organic food market is showing higher growth due to increasing product innovations; rising disposable income; and a growing number of people becoming more aware of healthy eating practices and the side effects of using chemically processed food products

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