CareEdge Ratings said on Thursday that in financial year 2024, the hospitality industry will clock a revenue per available room growth of 12-14% on a high base of the previous fiscal. As per CareEdge Ratings, the growth momentum in the hotel industry is expected to be sustained in financial year 2025, resulting in a likely year on year revenue growth by 9-11% backed by domestic leisure and business travel and complemented by increasing foreign tourist arrivals, contributing to an improved…
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