International hotel chains will likely increase their expansion and investment plans in India, and are expected to account for 50 per cent share in the Indian hospitality industry by 2022, from the current 44 per cent.
INDIAN HOTEL INDUSTRY AT A GLANCE IN 2016 - 2017
During the current year (FY2016), the Indian hotel industry has witnessed a marked improvement in occupancy level. ICRA maintains its growth outlook for the hotel industry at 8-10% during FY2017, and expects the revenue to be driven by domestic demand-led occupancy growth, limited supply increase and a marginal increase in rates in key markets.
Revenue growth is expected to improve in FY2018 to 10-12%, aided by stronger domestic demand.
International hotel chains will likely increase their expansion and investment plans in India, and are expected to account for 50 per cent share in the Indian hospitality industry by 2022, from the current 44 per cent.
International hotel chains will likely increase their expansion and investment plans in India, and are expected to account for 50 per cent share in the Indian hospitality industry by 2022, from the current 44 per cent.
