The hospitality industry is poised for robust growth in fiscal year 2025, with occupancy rates expected to reach highs not seen in a decade. Average room rates are also projected to approach peak levels from fiscal year 2008. Factors driving this growth include strong demand for leisure travel, brand preferences, corporate MICE demand, and religious tourism. The outlook remains positive in the medium term, supported by infrastructure development, India's economic progress, and evolving consumer preferences favoring experiential travel.
