Summary:

Religious tourism, rising affluence, and infrastructure developments will drive India's organized hotel industry to exceed 3,00,000 rooms by 2029. Leisure and religious tourism hubs remain key focus areas. The industry aims for 80%+ occupancy in business districts and expansion through mergers. Major airports like Navi Mumbai and Noida International Airport will boost demand, alongside growth in Bengaluru, Delhi, Hyderabad, and Mumbai.

In 2024, India's hotel market added 14,400 new rooms, with 67% beyond the top ten markets, reflecting broad-based expansion. Leisure destinations accounted for 43% of new projects, including a 12% rise in religious tourism hotspots. Since 2015, market capitalization has grown 12fold, reaching Rs. 2,50,000 crore by 2025. Strong EBITDA margins and rising demand will drive further growth, occupancy, and pricing in 2025.

Source: IBEF 

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