India’s hotel industry is set for sustained growth as demand outpaces supply, according to a report by Axis Capital. The report forecasts a 12 per cent compound annual growth rate (CAGR) in demand for the financial year 2024 to 2027 (FY24-27E), compared to a more restrained 9 per cent CAGR in supply.
This favourable supply-demand dynamic, coupled with structural growth drivers and improved operating metrics, is expected to extend the industry’s upcycle. The hotel industry in…
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