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Industry Landscape
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.
Total Addressable Market
25 billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
AI-Powered Personalization
Utilizing Artificial Intelligence to analyze guest data and preferences for highly customized experiences, from pre-arrival communications to in-stay recommendations.
IoT for Smart Rooms
Implementing Internet of Things devices in hotel rooms to allow guests to control lighting, temperature, entertainment, and even request services via voice commands or smart apps.
Contactless Technologies
Adopting solutions like digital check-in/check-out, keyless entry via mobile, and QR code-based menus to enhance guest convenience and safety.
Impactful Policy Frameworks
National Tourism Policy 2023 (Draft)
The draft National Tourism Policy 2023 focuses on developing sustainable and responsible tourism, promoting green tourism, and boosting digitalization in the sector.
This policy will likely incentivize Royal Orchid Hotels to invest in eco-friendly practices and digital infrastructure to align with national priorities and potentially gain government support.
Emergency Credit Line Guarantee Scheme (ECLGS) (Extended 2022)
The ECLGS, initially launched during the pandemic, was extended in 2022 to provide collateral-free, government-guaranteed loans to businesses, including those in the hospitality sector, to overcome liquidity issues.
This policy provides Royal Orchid Hotels with access to crucial financial support for expansion, renovation, and managing operational costs, aiding post-pandemic recovery and growth.
Incredible India 2.0 Campaign (Ongoing)
An ongoing campaign by the Ministry of Tourism to promote India as a global tourism destination, focusing on diverse experiences like heritage, adventure, and MICE tourism.
This campaign directly benefits Royal Orchid Hotels by increasing both domestic and international tourist arrivals, driving demand for their diverse accommodation and event offerings.
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