‘Hotel industry to contribute $1.5 tn to GDP by 2047’

The Indian hotel market has significant growth opportunities and is poised to contribute $1,504 billion to the country’s overall GDP by 2047, from $65 billion in 2022, suggests a report by the Hotel Association of India shared exclusively with Mint. It forecasts that the demand for hotels will increase over the next 25 years, however, the supply will grow in the same ratio if there remains a…