Forecast for the development of the recreation market in India
The relevance of research
In recent years, the recreation market, as well as the tourism market in general, has had a steady upward trend, which is due to the high pace of life in cities and the desire for a change of scenery on weekends and holidays, as well as interest in India, its sights and history, not only from by the population of the country, but also by foreign tourists
Purpose of the study
Analysis of the state of the market of recreation centers in India, assessment of the market size, analysis of competitors, as well as identification of factors affecting the market of recreation centers
Content
Chapter 1. Key components of the recreation center market
1.1. Market size
1.2. Growth rates of the recreation center market
1.3. Holiday Market Trends
1.4. The main problems of the industry
1.5. Stage of the life cycle of the market of recreation centers
1.6. Estimation of the number of buyers and their financial capabilities
1.7. Estimated consumption per capita
1.8. Analysis of sectoral indicators of financial and economic activity
1.9. Price analysis
Chapter 2
2.1. Economic components
2.2. Social Components
2.3. Technological components
2.4. Political Components
2.5. STEP-analysis of the recreation center market
Chapter 3. Assessment of the degree of competition
3.1. Scale of competition (local, regional, national, global)
3.2. Number of competitors and relative market shares of the largest competitors
3.3. Compact location of industry companies in certain regions
Chapter 4 Industry Forecasts
4.1. Analysis of the impact of recent crises on the industry (the global crisis of 2008 and the currency crisis in India in 2014)
4.2. Analysis of the impact on the state aid industry at the current date
4.3. Assessment of the degree of impact of the crisis due to covid-19 on the analyzed market. Barriers existing in the recreation market
4.4. Prospects and growth drivers for the recreation center market
4.5. Forecast for the development of the recreation market in the context of the current economic crisis due to covid-19
Chapter 5 Forecasting Methodology
5.1. Methods for forecasting key industry indicators
5.2. Sources of information for forecasting
5.3. Timing of forecasting
Research excerpt
Chapter 1. Key components of the recreation center market
1.1. Market size
At the end of 2020, the market volume of recreation centers amounted to … million rupees. The recreation center market is a part of the tourism market, which concerns the accommodation of guests and their recreation (recreational purposes). The recreation center involves a comprehensive development …
As a rule, recreation centers offer such services as …
As a target audience for recreation centers, two main categories of consumers can be distinguished - individuals who are used to relaxing outside the city, who spend weekends at the bases, ..., and organizations that spend ...
In recent years, the recreation market, as well as the tourism market as a whole, has had a steady trend ... The exception was ...
According to the definition of GOST R 55319-2012, specialized accommodation facilities are objects of the tourism industry that provide services ...
All specialized accommodation facilities in accordance with GOST R 55319-2012 must be located on the territory corresponding to ...
Assessing the state of the tourism market in India and such a segment as the market of recreation centers, it is important to take into account the changes that the tourism market has undergone not only in India, but also abroad, as a result of the impact of the pandemic of a new coronavirus infection. The impact of the pandemic and the introduction of lockdowns has changed the behavior of consumers, their …
1.2. Growth rates of the recreation center market
The growth rate of the recreation center market in 2016-2020 …, but at the same time, it can be stated that the market is in the stage of …, this is clearly indicated by … the market development trend in the period from 2005 to 2020 as a whole, despite …
The market of recreation centers in India, according to the data of …, had multidirectional dynamics during 2016-2019, while in 2017-2018. growth rates were …, the highest growth rate of the market volume was in .. and amounted to …% compared to 2017. The market volume also reached its maximum value in … and amounted to … mln Rs. The minimum market volume was observed in 2020, it amounted to … million Rs., while in 2020 the increase in market volume compared to 2019 was …%, the market volume decreased during the pandemic ... Also, a slight decrease in market volume is also observed …
The volume of the tourism market in India during 2016-2019 has a … trend and the average annual growth is …%, excluding the figure for 2020, when the growth rate of the market decreased to … Market experts say that the market and the industry as a whole will recover only by … years, GidMarket analysts suggest that the recovery market to the level of pre-crisis indicators will occur ...
...
1.3. Holiday Market Trends
...
1.4. The main problems of the industry
Despite ..., in this area, the following problems can be identified that relate to the tourism industry as a whole:
The money problem...
Transport ...
Short ...
...
In addition, it is also worth noting the unevenness ...
1.5. Stage of the life cycle of the market of recreation centers
The holiday home market in India is in the stage of ... The stage of ... is characterized by high rates ...
There are all the prerequisites for tightening ...
At the stage ... you need to use the extension ..
...
The promotion strategy at the stage ... is formed with the aim of being present in the minds of consumers as ...
Advertising campaigns during the period of growth should provide..
1.6. Estimation of the number of buyers and their financial capabilities
Diagram 2. Population dynamics in India, as of 01 Jan. 2012–2021
Population. During 2019-2020 India's population shows … dynamics. The decrease in the population has an insignificant impact on the decrease in demand for this type of service at the moment, to a greater extent, the demand is affected by the decrease in …
Rosstat predicts that the birth rate (the number of children per woman) will decrease from … to … by 2025.
Earlier, Rosstat published a demographic forecast until 2036. The most optimistic scenario assumes ... The most realistic variant is that by 2036 ... million people will live in the country.
According to the results of the crisis year 2020, real disposable money incomes of Indians decreased by …% in annual terms, follows from ... From 2014 to 2017. real incomes of the population in India were declining, in 2018 they showed a small …%, and by the end of 2019 …%. At the end of 2020, they lag behind by …% from the level of 2013, the last year of steady income growth.
The Ministry of Economic Development expects that real disposable income will grow by …% in 2021, and then will grow by …%. A number of economists do not expect ...
1.7. Estimated consumption per capita
Diagram 4. The volume of consumption in the market of recreation centers per capita, 2016-2020
The volume of per capita consumption in the recreation market in India generally correlates with the dynamics of …, since the dynamics of ... The minimum value of per capita consumption in the Indian tourism market is … Rs./person. and falls in 2020, as well as the minimum value of the market volume. In 2017-2018 observed...
1.8. Analysis of sectoral indicators of financial and economic activity
Let us consider sectoral indicators of the financial and economic activity of the tourism industry to determine the sustainability of the industry and the enterprises operating in it.
Gross margin is an economic indicator that characterizes the ratio ...
Gross profitability of the recreation industry in 2015-2020 ... and has ... indicators - there is an increase in 2016-2017, then the indicator values ... Deviation from the same indicator for all sectors of the Indian economy throughout the entire period of ..., with the exception of 2017, when the indicator has ...%, while the value of the indicator is …% more than the value of ... In 2018-2020. gross profitability of the tourism industry ... The largest decrease in the indicator is observed in ..., when the indicator becomes ...
Diagram 5. Profitability before tax (profit of the reporting period) in the recreation industry in comparison with all sectors of the Indian economy, 2015–2020, %
Profitability before tax is an economic indicator that characterizes the ratio ...
Profitability of profit before tax in the industry of providing services by recreation centers in 2015-2020 significantly … profitability before tax for all sectors of the Indian economy, in 2015 and in the period 2017-2019. indicator … and reaches its minimum value in …. In 2020, the profitability of profit before tax in the industry of providing services by recreation centers is …%, while remaining …
The current (total) liquidity ratio is a financial ratio equal to the ratio of current ...
The value of the coefficient ... is considered normal; in world practice it is considered normal ...
The indicator of current liquidity for the industry providing services to recreation centers in 2015-2020. ..., during the study period, there are ... In 2017, the indicator reached its maximum value by ... times, followed by a decrease in 2018, while the indicator remains in the redistribution ... In 2020, the current liquidity of the industry providing services by recreation centers ...
Absolute liquidity ratio - a financial ratio equal to the ratio of cash and short-term financial investments to ...
The financial position of the industry is recognized as good when the absolute liquidity ratio ... ...
The value of the absolute liquidity of the industry providing services by recreation centers during the study period is … the same indicator for all sectors of the Indian economy, except for 2016 and 2018, while it remains within … In 2016 and 2018, it is observed …
1.9. Price analysis
The dynamics of prices for recreation center services in the period from 2016 to the end of the third quarter of 2021 has …character – an indicator annually … throughout the entire period, as evidenced by the consumer price index, which in all periods …%.
In 2020, prices for many services and products …, while in the first half of 2021 they remained at the level of 2020, with the exception of holidays in …
Next, consider the prices for the services of recreation centers, following the example of prices for holidays in a sanatorium or rest home based on the results of the third quarter of 2021 in the union territories according to ...
The maximum prices for the listed types of services are fixed in ... the federal district, which is associated with a high level of ...
The minimum prices for rest in a sanatorium and a rest home are fixed in ... the federal district, the reason for this fact is ...
Chapter 2
2.1. Economic components
Gross domestic product (GDP) is one of the most important macroeconomic indicators.
It reflects the market value of all final goods and services intended for direct consumption that have been produced ...
GDP is expressed in national currency, or (if necessary) converted into foreign currency at the exchange rate, and can also be presented at purchasing power parity.
The decrease in the index of physical volume of GDP for 2020 was affected by the fall of …
Decreasing global demand for energy resources has affected the reduction of value added in the mining industry (…%).
Significantly reduced the value added of the service sector enterprises: ...
...
The dynamics of GDP in 2020 relative to 2019 was affected by a decrease in domestic final demand (…%) and an increase in net exports of goods and services due to a faster decline in imports (…%) compared to …
Final consumption expenditure decreased compared to 2019 (…%) due to …
2.2. Social Components
...
2.3. Technological components
...
2.4. Political Components
...
2.5. STEP-analysis of the recreation center market
Table 5. STEP-analysis of factors influencing the recreation center market
Based on the results of the analysis of factors affecting the Indian recreation center market, there is a balance ... of the influence of various factors on the market, and, accordingly, on demand.
Significant limiting factors include…
The following political and technological factors and one of the social factors have a stimulating effect on the analyzed market: …
Chapter 3. Assessment of the degree of competition
3.1. Scale of competition (local, regional, national, global)
...
3.2. Number of competitors and relative market shares of the largest competitors
The Indian recreation center market is represented by companies focused on …, while large market operators also provide ... It is also worth noting that many companies are not limited to working on the market in the region where they are registered, organizing …
Table 6 provides information on the 12 largest market operators, the total number of such companies in the Indian market is more than …, while in 2020, according to Rosstat, the number of recreation organizations amounted to …
For the largest enterprises in the recreation industry in India, the main activity is the activity of…
The market shares of the largest market operators are calculated on the basis of revenue …
Diagram 9. Shares of the largest competitors in the recreation center market in 2020, %
The leader of the Indian recreation center market is … with a market share of …%, the second place with a …% share is occupied by …, and the third place is … with a share of …%. In fourth place ... The aggregate share of the largest companies is …%, the aggregate share of other companies is …%, which indicates … market concentration, while the share of each of the other companies is less than …%, and their number ...
GidMarket analysts suggest that in the coming years, the list of market leaders is most likely to …
The net revenue of the TOP-5 companies according to the annual reports of these companies in 2020 totaled … million Rs., the total revenue of these companies decreased by …% compared to 2019, while the market volume in 2020 decreased by …% compared to the same indicator in 2019. The revenue of four companies from the TOP-5 in 2020 decreased compared to 2019, the decrease amounted to …%. At the same time, LLC “…” revenue in 2020 increased …
In the period 2016-2019 the revenue of the TOP-5 companies showed … dynamics: in 2017, the total revenue decreased compared to 2016, 2018-2019 showed … the TOP-5 of the industry, moreover, revenue growth in 2019 more than doubled due to …
3.3. Compact location of industry companies in certain regions
To determine the compactness of the location of companies in the industry, consider the number of organizations ...
Diagram 11. Compactness of location of companies in the industry in certain regions
The largest number of companies operating in the field of providing recreation services operate in … – …% of the total. This is primarily due to the fact that in … there are all-India health resorts …, there are also many natural ... In second place is … (…%), since it is here that the famous resorts … are located.
Chapter 4 Industry Forecasts
4.1. Analysis of the impact of recent crises on the industry (the global crisis of 2008 and the currency crisis in India in 2014)
In 2020, many markets felt the impact of the pandemic and the onset of the economic crisis, the tourism market and its segment - the recreation center market - in India were among the first to be negatively affected by the crisis. Let us consider the impact of recent crises (the global crisis in 2008 and the currency crisis in India in 2014) on the industry and the market of recreation centers in India.
Table 7. Assessment of the impact of recent crises on the industry
...
4.2. Analysis of the impact on the state aid industry at the current date
...
4.3. Assessment of the degree of impact of the crisis due to covid-19 on the analyzed market. Barriers existing in the recreation market
...
4.4. Prospects and growth drivers for the recreation center market
...
4.5. Forecast for the development of the recreation market in the context of the current economic crisis due to covid-19
The market analysis was carried out on the basis of methods based on identifying trends in time from …
The main growth drivers of the Indian recreation market in the coming years will remain …
According to the forecast of GidMarket analysts, …
According to the results of the analysis of factors affecting the market of recreation centers in India, …
Chapter 5 Forecasting Methodology
5.1. Methods for forecasting key industry indicators
...
5.2. Sources of information for forecasting
...
5.3. Timing of forecasting
...
Diagrams
Diagram 1. Dynamics of the market volume of recreation centers, 2016–2020
Figure 1. Stage of the life cycle of the recreation market
Diagram 2. Population dynamics in India, as of 01 Jan. 2012–2021
Chart 3. Dynamics of real income of the population of India, 2012-2020, available period 2021
Diagram 4. Consumption in the market of recreation centers per capita, 2016–2020
Diagram 5. Profitability before tax (profit of the reporting period) in the recreation industry in comparison with all sectors of the Indian economy, 2015–2020, %
Diagram 6. Current liquidity (total coverage) for the recreation center industry for 2015-2020, times
Chart 7. India's GDP evolution, 2012-2020, available period 2021
Chart 8. Monthly dynamics of the US dollar against the rupee, 2016-2021 available period, Rs. for 1 US dollar
Diagram 9. Shares of the largest competitors in the recreation center market in 2020, %
Diagram 10. Dynamics of the total revenue of the largest operators of the market of recreation centers (TOP-5) in India, 2016–2020
Diagram 11. Compactness of location of companies in the industry in certain regions
Diagram 12. Market size forecast for recreation centers in 2021–2025
Tables
Table 1. Gross profitability of the recreation center industry in comparison with all sectors of the Indian economy, 2015-2020, %
Table 2. Absolute liquidity of the recreation center industry in comparison with all sectors of the Indian economy, 2015-2020, times
Table 3. Consumer price indices in the recreation center market in India in 2016–2021 (available period), %
Table 4. Average prices in the recreation center market by Union Territories
Table 5. STEP-analysis of factors influencing the recreation center market
Table 6. Main companies participating in the recreation center market in 2020
Table 7. Assessment of the impact of recent crises on the industry
Table 8. Analysis of the impact on the industry of the state aid proposed to date
Table 9. Forecast indicators of the development of the Indian economy
All reports