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The Indian hospitality industry is currently experiencing a robust recovery and growth, driven by increasing domestic tourism, government initiatives, and a rise in MICE (Meetings, Incentives, Conferences, and Exhibitions) events. While luxury and business segments are thriving, budget and mid-range hotels continue to see strong demand. Digital transformation, sustainable practices, and personalized guest experiences are key trends shaping the industry's future. International tourism is also steadily recovering, contributing to overall positive sentiment.
Total Assets Under Management (AUM)
Hotel Industry Revenue in India
~Approximately $25 billion USD in 2023
(10-12% CAGR)
- Increased domestic and international tourist arrivals.
- Growth in corporate travel and MICE events.
- Higher average room rates and occupancy levels.
25 billion USD