Indian domestic travellers plan to step up their travel spend this year even as Indian hoteliers have expressed optimism about their business prospects during 2013 beating global trends that are impacted by the global economic slowdown, according to the latest results of the world’s largest accommodation and traveller survey, the TripBarometer by TripAdvisor.
The report shows that Indian accommodations are the most optimistic about their business prospects in 2013, while 77% of domestic travellers plan to increase their travel spend this year.
Indian hoteliers were able to look back at last year with satisfaction: 81% of the over 750 hoteliers surveyed for the TripBarometer reported that 2012 was economically successful for them. In fact, 28% of Indian accommodation owners went so far as to describe 2012 as ‘very profitable’.
Looking at these findings, India is in peak position compared to other key markets around the world, reveals the survey.
According to the latest inputs, Indian accommodation owners are the most bullish in the world with 89% of them stating that they are optimistic about their probability this year, which is above the global average of 68%. This positive mood is also reflected in terms of plans to increase staff levels.
Asian accommodations are among the most likely to increase their room rates in 2013, with 42% of accommodation providers planning to increase rates this year.
In India, 47% of accommodations are planning to increase room rates in the coming months. Travellers from Africa are showing the biggest increase in their planned travel spend for 2013, with 76% saying they estimate that their travel budget will go up this year.