India’s travel boom is set to propel the branded hotel sector into double-digit growth, according to a recent report by Crisil. The country’s growing middle class, combined with an upswing in both domestic and international travel, has provided a significant boost to the hospitality industry. As tourism recovers, hotels in major cities and emerging destinations are seeing increased bookings. The industry’s growth is not only attributed to the resurgence in travel but also to an expanded portfolio of services that cater to business and leisure travelers alike.
With foreign and domestic travelers flocking to India, hotel operators are capitalizing on the rising demand by expanding their footprint. The positive outlook indicates that branded hotels will continue to benefit from this uptrend, with growth expected to sustain into the next fiscal year. Crisil’s report also highlights that the rise in branded hotels is reshaping India’s hospitality landscape, as global chains increasingly tap into the market to offer premium experiences.
The anticipated growth of the travel industry is a strong indicator of India’s evolving tourism sector, which is positioned to further strengthen its position on the global travel map. As a result, investors and operators are eyeing continued expansion to meet the growing demands of this thriving market.
