The Indian hospitality sector is poised for growth this year and beyond, with a promising trajectory projected for revenues, occupancy rates and average room rates (ARRs), say industry stakeholders and recent research.
According to India’s credit rating agency ICRA, the sector’s revenues are projected to grow by seven to nine per cent year-on-year in FY2025 and six to eight per cent year-on-year in FY2026, building on the strong base of FY2024. Further, ICRA estimates pan-India premium hotel occupancy to improve to 72 to 74 per cent in FY2026 from 70 to 72 per cent in FY2025.
