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22 STATISTICS & ANALYSIS HOSPITALITY BIZ OCTOBER, 2024
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India’s Hospitality Industry Reaches 2.48 Million Lodging Rooms

and 2.3 Million Employees, Marking Robust Recovery: Report

Hbi Staff | Hyderabad

he hospitality industry has faced
a dramatic fall and resurgence
Tin recent years, driven by
geopolitical crises and the pandemic.
Hotelivate has analyzed the industry’s
current state, focusing on hotel market
size and employment. Historically
tracking the branded hotel segment,
Hotelivate recognized the need to assess
the broader accommodation landscape.
Their latest report by Harinya Sreenivas
and Manav Thadani, using data from
OTAs and industry experts, reveals 2.48
million operational lodging rooms in
India as of June 2024, with a workforce
of 2.3 million employees. This translates
to 0.94 employees per room, highlighting
the industry’s significant economic
contribution and future potential.

The Supply Story
Hotelivate’s latest analysis reveals a robust
count of 2.48 million lodging rooms
currently operational in India as of June
2024. This figure spans across a diverse
spectrum, encompassing branded hotels,
aggregator giants like OYO, FabHotels,
and Treebo, independent establishments,
and various alternative accommodations
such as guesthouses and homestays.
Looking ahead, projections indicate
a steady ascent, with the room count
expected to climb to 3.1 million by 2029
and surge further to 4.1 million by 2034.
Initially poised to reach 3.3 million by
2024 based on pre-pandemic forecasts,
the hospitality sector encountered
setbacks during the Covid-19 crisis,
notably impacting unbranded and
aggregator segments, where closures
approximated 15% of room capacity.
Despite these challenges, the branded
sector demonstrated resilience in the last
two years, marked by a resurgence in new
signings and openings. With tourism

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