The Top 10 Best Hotel Franchise Business in India 2023
Written by: Evelyn.
The two most profitable business industries in the Indian market are food and beverage franchises and hospitality franchises. A hotel franchise is one where both these sectors combine. This makes the hotel franchise business a wise option in 2023. This article explores a bunch of the most profitable hotel franchises in India. If you are an entrepreneur looking for new business ideas in 2023, then you are in the right place. FranchiseBazar has ample opportunities for you from which you can choose what suits you best.
Top 10 Best Hotel Franchise Business in India
Marriott International was established in 1967 and started franchising in the same year. It is an international hotel brand that has its headquarters in Bethesda, Maryland. The initial investment required to get a Marriott franchise is 37,14 crores to 59,42 crore INR. Considering the hotel franchise business opportunity in India, Marriott International is one of the best hotel brands to invest in. The company is planning to have more than 100 properties in India by 2025. JW Marriott, launched by Marriott International, is the most popular luxury hotel in India.
Mango Suites is a luxury hotel chain operated by IntelliStay Hotels Pvt Ltd. Today, this brand has become extremely popular for the comfort and quality it provides. The company provides help in choosing the location for construction and also provides excellent training services. The area required to set up a franchise of this hotel is 15,000 to 1,50,000 sq. ft. At present, there are 10 to 20 franchises of Mango Suites. The investment required for a Mango Suites franchise is between 5 crores and 10 crores. The payback time is 3 to 6 years and the franchise term is 25 years.
Oyo is the most common and popular hotel chain in India. We find numerous Oyo hotels in every city in India. Oyo was founded in the year 2016 and started franchising in 2018. The initial investment required to get an Oyo franchise is between 2 lakhs and 5 lakhs. There is also a franchise fee of rupees 5 lakhs. The franchisee is supposed to pay a 10% royalty fee. The area required to set up an Oyo hotel franchise is between 3000 and 4000 sq. ft, with a minimum of 15 staff. The revenue of Oyo Hotel and Homes is around 4157 crores. It has become the best short-stay accommodation space in India today.
Choice Hotels was founded in 1963 and started giving a franchise in 1968. Currently, they have more than 30 hotels running successfully in India. The CEO of the brand is Vilas Pawar. Being an international hotel chain, they have more than 7000 hotels in 35 countries including India. The top destinations where the Choice Hotels Franchise runs successfully are Maharashtra, Punjab, Gujarat, Tamil Nadu, Uttar Pradesh, Goa, Haryana, and Rajasthan. The company has more than eighty years of experience in the field of business and hospitality.
It is one of the most successful hotel chains in India, with its headquarters in Ahmedabad, Gujarat. The investment cost to buy a Platinum franchise is between 1 crore and 2 crores. The ROI time frame is five years. To set up a Platinum hotel franchise, the franchisee should have an area of 10,000 to 20,000 sq. ft. Currently, there are 20 to 40 franchise outlets of this brand. The company was established in 2005 and the tenure of the franchise is five years. The company also provides excellent business support to its franchisees. The brand began franchising in 2007 and the time required to set up a new branch of Platinum Hotel is a minimum of six months.
Capella Global is a luxury travel and accommodation chain in India. It was founded in the year 2018. The brand provides comfortable and user-friendly rooms. Excellent service, quality, and franchisee support make the brand stand out. Apart from food and accommodation, they also provide attractive travel packages, which make this brand very popular among customers. They have both an online and offline marketing strategy and guide the franchisees in the best way possible. The investment required is between 15 and 20 lakhs rupees. Apart from this, a franchisee has to pay a brand fee of rupees 5 to 10 lakhs. The space required ranges between 2000 and 3000 sq. ft.
The brand has more than 400 hotels in various cities in India. This is one of the most trending hotel chains in India today. It was established in 2016 and started franchising in the same year. This hotel chain franchise requires an initial investment of between 40 lakhs and 50 lakhs rupees. Fab hotel franchise doesn't require an additional brand fee, and the area requirement is between 250 and 500 sq. ft. The brand is planning to expand its presence in many more locations in India and is actively inviting franchisees. They have established their solid presence in all the top cities like Delhi, Goa, Mumbai, Maharashtra, etc.
Fresh Up is a brand-new hotel chain in India. Even though the company was established in 2016, the franchise activity commenced in 2022. The initial investment required to become a Fresh Up franchisee is between 50 lakhs and 75 lakhs. Apart from this, the franchisee should also pay an additional franchise fee of 5 to 10 lakhs. The space required to set up a new outlet is between 2000 sq. ft and 3000 sq. ft. The basic idea behind the brand is to provide people with a comfortable, hygienic, and pleasant space to rest and freshen up in between their travels. The Fresh Up group of hotels provides facilities like luggage drop, an adjacent cafeteria space, high-speed internet access, and other basic utilities necessary to rejuvenate before travelling ahead.
Ginger is a luxury hotel chain launched by Indian Hotels Company Limited. There are more than 50 outlets of Ginger hotels running successfully in India. To become a franchisee, you need to have a space of 20,000 to 55,000 sq. ft. The brand is currently inviting franchisees to partner with them to expand their presence in pan India. The Ginger group of hotels also provides attractive offers and special rates to the customers during the season. The brand caters to the changing needs of customers and provides them with a luxurious experience at very affordable rates.
Crimson Hotels Pvt Ltd- Econostay
Econostay is a popular brand that offers a franchise in the field of the hospitality business. The brand was launched by the renowned Crimson Hotels Private Limited, which is a well-known hotel franchise company. The major highlight of this brand is the excellent franchisee support they provide. Along with the brand name, the franchisees will be given marketing assistance, sales support, detailed training, and pre-opening services. They will ensure the proper working of the hotels and provide design support for all the new outlets. The investment cost is between 5 crores and 10 crores. Currently, Econostay has more than two franchise outlets. The area requirement will vary according to the location. It is best to set up a new branch in highly populated cities or near major tourist attractions.
We have looked at the Latest hotel franchises in India 2023. A hotel business requires great planning, execution, maintenance, and experimentation to remain successful. Thus, before investing your money in this field, it is crucial to seek professional business advice. FranchiseBazar is a top business consultancy you can depend on for assistance in building your business career. We have an excellent set of business professionals who can help you choose a suitable franchise business as per your needs, comfort, and investment capacity. Contact FranchiseBazar at @+91 9844443200 or Register To Take Franchise for more details.
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