Hotel industry occupancy in India is expected to reach decadal highs in the next financial year, underscoring a strong recovery since the pandemic-induced disruptions.In the next financial year, average hotel room tariffs are also likely to inch towards the FY 2008 peak, according to ratings agency ICRA.
During the 2008 upcycle, the hospitality industry reported 69% occupancy with average room rates of around Rs 8,200.
ICRA forecast the industry to report 70-72% occupancies in FY25 with…
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