HospitalityBiz India
Hotels FoodService Operations Ministry Associations Equipment Editorial HR Technology Technology Advisory Board Community
Follow us on Facebook Follow us on Twitter instagram
    Home > NewsTrack

Noesis presents homestay and villa stay sector report in India

Thursday, February 10, 2022, 18:35 Hrs  [IST]
HBI Staff | Hyderabad

Noesis, India’s leading hotel investment advisory firm presents ‘Home away from Home’ report that highlights the trend and opportunity in luxury rental and boutique homestay sector. According to the report the potential for luxury homestays in India is tremendous. While India’s travel market is projected to grow at 11% to 11.5% which has reached around a whopping of 48 billion dollars in 2020. India still needs to add 2.5 million rooms in the homestay segment as reflected by an increase in foreign tourists’ arrival in 2017 which was 16.81 million to 17.81 million in 2019.


Airbnb, Oyo, Vista rooms have already extended their services in this market segment. This paper also portrays few hospitality brands which have already extended their services in the homestay segment or are in the development stage and also the business model they work on and the requirement and check list to start a homestay or luxury and boutique rental.


This concept will help hospitality brands to diversify to expand their portfolios as well as help local population to monetise on their unused assets. This will also help fill in the gap of demand and supply as well as help brands to reach in remote areas where development of the area is slow. This is also a sustainable method of development as it will provide a source of income to many in the surrounding areas.


According to Airbnb India data, travellers are exploring new experiences when they travel. The flexible destinations featured on the Airbnb platform is also helping travellers explore and spotlight interesting places near and far. In addition, their data show a rising interest in unique accommodations. 


“Development of the organized luxury rental sector in India is pivotal for the growth of the economy especially in the underdeveloped and rural areas. This is an untapped industry with major potential and the early adapters will no doubt benefit greatly from it” says Nandivardhan Jain, CEO, Noesis Capital Advisors.


The worldwide luxury travel market was worth $945.6 billion in 2019 and is predicted to increase at a CAGR of 11.1 percent between 2021 and 2027, reaching $1,198.3 billion in 2027. Luxury travel services provide the most desired and premium experience in terms of opulent lodgings, easy transportation, and unique travel experiences. The service providers strive to give exceptional services to their customers. The luxury travel business has emerged as one of the fastest expanding industries, greatly contributing to global economic growth and development. 

Print News Email News Back
Bookmark to Add to NewsvineNewsvine Bookmark with Digg ItDigg
Add RSS to Add to Google Add to My Yahoo! Subscribe with Bloglines Subscribe
* Name :    
* Email :    
* Message :  
»  Crowne Plaza Chennai Adyar Park to host India’s biggest pageant for men – Rubaru Mr. India in October
»  Ironhill India plans to open beer manufacturing plant by 2023 end
»  Mallcom India Launches Safety Shoes for the Hospitality Sector
»  Indian hospitality sector witnessed a 339.3% YoY RevPAR growth in Q2, 2022: JLL
»  The Coffee Board of India in association with SCAI & the United Coffee Association of India organises The National Barista Championship
»  ‘Thailand tourism market is seeing very strong inbound traffic from India at present’: Lee Richards, Swiss-Belhotel International
»  McDonald's India North & East embarks on Restaurant Modernization
»  India emerges as the global leader in travel in 2022 as per TLN survey
»  The Unbound Collection by Hyatt Brand to Debut in India with Plans for Noor-Us-Sabah Palace in Bhopal
»  Grand Chennai by GRT presents 'Hitch a Ride on NH44' food festival
»  Hotelivate to host the 9th Edition of Hotel Operations Summit – India (HOSI)
»  Rester Hotels and Resorts to expand its presence in India
»  The Knot Worldwide to Expand its India team by 30%; Opens a New 6000 Square Foot Office in Gurugram
»  ‘We can bring a revolution in the alternative meats category in India': Sairaj Dhond, Founder of Wakao Foods
»  The Sattvik Council of India Collaborates with The Art of Living for Youth and Faculty Empowerment
»  Lexicon Institute of Hotel Management ranked 2nd in India as the Institution with Potential for Excellence
»  The Rise of Experiential Tourism in India
»  Choice Hotels Asia Pacific signed Master Franchise Agreement with Suba Group of Hotels in India
»  Club Mahindra launches five new resorts in India
»  OYO halves stay prices for small businesses to mark World MSME Day
  The Indian Institute of Architects (IIA) Natcon 2020 virtual event concludes successfully
  Winners of The Park Elle Décor Student Contest felicitated at Indian Design ID 2020
Receive the best of Hospitality content in your mailbox.
Weekly e-Newsletter
Events Calendar

© Copyright 2016 Saffron Synergies Pvt Ltd