New Delhi, Oct. 21 -- The domestic hotel industry could see growth in revenue per available room (RevPAR) moderate in the third quarter as the base normalises, although a strong wedding calendar in 2027 is expected to support demand and sustain healthy growth into the following financial year, according to a report by Jefferies.

The brokerage said the industry's momentum remained strong in September, supported by higher room rates, resilient domestic travel demand and meetings, incentives, conferences and exhibitions (MICE) activity. However, the pace of growth could ease as comparisons with the previous year become less favourable.

"As the base normalizes in 3Q, growth may ease from current highs, though a strong CY27 wedding calendar ...