Global chains expand, spiritual tourism surges, analysts bullish on growth India’s hospitality industry currently valued at around $24 billion is experiencing robust growth and is projected to reach around $31 billion over the next five years. International hotel chains are set to launch new brands in the country anticipating increased foreign tourism and higher spending by Indian travellers on vacations, weddings, and corporate events in the country’s booming hospitality industry. As the Indian hospitality market experiences resurgence , several hotel companies such as Hilton, Marriott, Indian Hotels, ITC Hotels, Hyatt, Accor, IHG among many others bluechip names are introducing new brands to cater to the diverse demographics of the nation.
While international hotel brands historically had a limited presence in the country but are now becoming more aggressive in their approach. Spiritual tourism has turned out to be a very big opportunity for hotels in the country with places…
