Product Code: ETC12135438 | Publication Date: Apr 2025 | Updated Date: Jun 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
The extended stay hotel market in India is experiencing steady growth driven by increasing business travel, relocation, and tourism. With the rise of remote working and project-based assignments, there is a growing demand for accommodation options that offer flexibility, comfort, and amenities for longer stays. Major cities like Delhi, Mumbai, Bangalore, and Chennai are witnessing the expansion of international and domestic extended stay hotel chains catering to both corporate and leisure travelers. The market is becoming increasingly competitive with players focusing on providing personalized services, modern facilities, and value-for-money packages to attract long-term guests. Additionally, the trend of serviced apartments and aparthotels is gaining popularity among travelers looking for a home-like environment with the convenience of hotel services. Overall, the India extended stay hotel market presents opportunities for further growth and innovation.
The extended stay hotel market in India is experiencing a notable surge in demand due to changing travel patterns and preferences. Business travelers, expatriates, and individuals seeking longer-term accommodation are increasingly opting for extended stay hotels for their convenience and cost-effectiveness. The market is witnessing a rise in the number of international hotel chains entering the segment, offering a range of amenities such as fully equipped kitchens, laundry facilities, and flexible booking options. Additionally, the growing popularity of remote work and digital nomadism is driving the need for extended stay accommodations with reliable high-speed internet and comfortable workspaces. As a result, the India extended stay hotel market is projected to continue its growth trajectory in the coming years, providing opportunities for both domestic and international hospitality players.
In the India extended stay hotel market, some key challenges include increasing competition from alternative accommodation options such as service apartments and homestays, varying regulatory frameworks across different states, and the need to cater to diverse customer preferences and requirements. Additionally, maintaining a consistent level of service quality and amenities while managing operational costs can be a challenge for extended stay hotels. Marketing and reaching target audiences effectively in a competitive landscape, as well as adapting to changing consumer trends and technology advancements, are also crucial hurdles faced by players in the Indian extended stay hotel market. Overall, navigating these challenges requires a strategic approach that focuses on differentiation, operational efficiency, and understanding the evolving needs of extended stay guests in the Indian market.
The extended stay hotel market in India presents promising investment opportunities due to the growing demand for long-term accommodation among business travelers, expatriates, and tourists. With the increasing trend of remote work and flexible arrangements, the need for comfortable and affordable extended stay options is on the rise. Investors can capitalize on this by developing or investing in extended stay hotel properties in key business hubs and tourist destinations across India. Additionally, the government`s focus on promoting tourism and business activities through initiatives like Make in India and Smart Cities Mission further supports the growth potential of the extended stay hotel market. Partnering with established hospitality brands or incorporating unique amenities and services can enhance the attractiveness of these properties to cater to the evolving needs of long-term guests.
The Indian government has implemented various policies related to the extended stay hotel market, aimed at promoting tourism and hospitality sector growth. These policies include initiatives to simplify visa processes for foreign tourists, encourage foreign direct investment in the hospitality industry, and provide incentives for the development of budget and mid-range accommodations. Additionally, the government has introduced schemes to promote sustainable tourism practices and improve infrastructure in tourist destinations. These policies are designed to attract more long-term visitors to India, enhance the overall guest experience, and drive economic growth in the hospitality sector. Overall, the government`s focus on promoting tourism and hospitality industry development is expected to benefit the extended stay hotel market in India.
The future outlook for the India extended stay hotel market appears promising, driven by several key factors. The growing trend of remote work and flexible work arrangements is expected to increase the demand for extended stay accommodations as professionals seek longer-term stays in different cities. Additionally, the rise of tourism and business travel in India is likely to fuel the need for more extended stay options catering to diverse traveler preferences. With the increasing focus on convenience, comfort, and affordability, extended stay hotels are poised to attract a wider range of guests, including families, corporate travelers, and expatriates. As the hospitality industry evolves to meet changing consumer needs, the India extended stay hotel market is projected to experience steady growth and expansion in the coming years.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Extended Stay Hotel Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Extended Stay Hotel Market Revenues & Volume, 2021 & 2031F |
3.3 India Extended Stay Hotel Market - Industry Life Cycle |
3.4 India Extended Stay Hotel Market - Porter's Five Forces |
3.5 India Extended Stay Hotel Market Revenues & Volume Share, By Service Type, 2021 & 2031F |
3.6 India Extended Stay Hotel Market Revenues & Volume Share, By Room Type, 2021 & 2031F |
3.7 India Extended Stay Hotel Market Revenues & Volume Share, By Target Audience, 2021 & 2031F |
3.8 India Extended Stay Hotel Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Extended Stay Hotel Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Extended Stay Hotel Market Trends |
6 India Extended Stay Hotel Market, By Types |
6.1 India Extended Stay Hotel Market, By Service Type |
6.1.1 Overview and Analysis |
6.1.2 India Extended Stay Hotel Market Revenues & Volume, By Service Type, 2021 - 2031F |
6.1.3 India Extended Stay Hotel Market Revenues & Volume, By Budget Extended Stay Hotels, 2021 - 2031F |
6.1.4 India Extended Stay Hotel Market Revenues & Volume, By Luxury Extended Stay Hotels, 2021 - 2031F |
6.1.5 India Extended Stay Hotel Market Revenues & Volume, By Mid-Range Extended Stay Hotels, 2021 - 2031F |
6.1.6 India Extended Stay Hotel Market Revenues & Volume, By Extended Stay Resorts, 2021 - 2031F |
6.2 India Extended Stay Hotel Market, By Room Type |
6.2.1 Overview and Analysis |
6.2.2 India Extended Stay Hotel Market Revenues & Volume, By Studio Apartments, 2021 - 2031F |
6.2.3 India Extended Stay Hotel Market Revenues & Volume, By Suites, 2021 - 2031F |
6.2.4 India Extended Stay Hotel Market Revenues & Volume, By One-Bedroom Apartments, 2021 - 2031F |
6.2.5 India Extended Stay Hotel Market Revenues & Volume, By Villa-style Accommodations, 2021 - 2031F |
6.3 India Extended Stay Hotel Market, By Target Audience |
6.3.1 Overview and Analysis |
6.3.2 India Extended Stay Hotel Market Revenues & Volume, By Business Travelers, 2021 - 2031F |
6.3.3 India Extended Stay Hotel Market Revenues & Volume, By Extended Family Stays, 2021 - 2031F |
6.3.4 India Extended Stay Hotel Market Revenues & Volume, By Long-Term Visitors, 2021 - 2031F |
6.3.5 India Extended Stay Hotel Market Revenues & Volume, By Vacationers and Tourists, 2021 - 2031F |
6.4 India Extended Stay Hotel Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 India Extended Stay Hotel Market Revenues & Volume, By Corporate Travel, 2021 - 2031F |
6.4.3 India Extended Stay Hotel Market Revenues & Volume, By Leisure Travelers, 2021 - 2031F |
6.4.4 India Extended Stay Hotel Market Revenues & Volume, By Relocation and Temporary Housing, 2021 - 2031F |
6.4.5 India Extended Stay Hotel Market Revenues & Volume, By Tourism and Extended Travel, 2021 - 2031F |
7 India Extended Stay Hotel Market Import-Export Trade Statistics |
7.1 India Extended Stay Hotel Market Export to Major Countries |
7.2 India Extended Stay Hotel Market Imports from Major Countries |
8 India Extended Stay Hotel Market Key Performance Indicators |
9 India Extended Stay Hotel Market - Opportunity Assessment |
9.1 India Extended Stay Hotel Market Opportunity Assessment, By Service Type, 2021 & 2031F |
9.2 India Extended Stay Hotel Market Opportunity Assessment, By Room Type, 2021 & 2031F |
9.3 India Extended Stay Hotel Market Opportunity Assessment, By Target Audience, 2021 & 2031F |
9.4 India Extended Stay Hotel Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Extended Stay Hotel Market - Competitive Landscape |
10.1 India Extended Stay Hotel Market Revenue Share, By Companies, 2024 |
10.2 India Extended Stay Hotel Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |