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Vinutaa S

Global

Strong demand in H2 FY2024 to contribute to double-digit revenue growth for hotel industry in FY2024: ICRA

ICRA expects the Indian hotel industry to report double-digit revenue growth in FY2024, supported by the sustenance of domestic leisure travel, demand from meetings, incentives, conferences, and exhibitions (MICE), and business travel, along with an increase in foreign tourist arrivals (FTAs).

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Indian hotel industry to witness decadal-high occupancy of 70-72% in FY2024: ICRA

ICRA estimates pan-India premium hotel occupancy at ~70-72% in FY2024, after recovering to 68-70% in FY2023.

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