This paper presents the experimental study of bearing capacity of isolated model footings which are hollow circular and solid circular in shape subjected to axial loading. The ring footing shape is characterized by outer diameter Do and the inner diameter Di, defined by ring diameter ratio, n= (Di/Do). In this study, behaviour of one solid circular footing (n=0) and four ring footings with n=0.166 (Di=2.5cm), n=0.333 (Di=5cm), n=0.666 (Di=10cm) and 0.866 (Di=13cm) were investigated to analyze the effect of increasing inner diameter while keeping outer diameter constant (Do=15cm). A relationship between load intensity, footing pressure, ring diameter ratio and settlement is developed for each type of footing to determine the influence of the above-mentioned parameters on the bearing capacity and settlement of the footing. These relationships depict that the bearing capacity varies with the change in ring diameter ratio. An efficiency factor is derived from the stress-settlement relation for different ring diameter ratio. It is found that for the hollow circular footings having n=0.166 and n=0.333, the failure pattern is comparable to the solid circular footing having identical bearing capacity and the load-settlement curve, this may be due to the more confining effect up to certain ring diameter ratio; suggesting the use of hollow circular footings over solid footings thereby making savings in volume of material used and the cost incurred.