Indian hotel industry outlook bright for second half of FY27 on leisure, travel recovery: Report
New Delhi, Aug. 28 -- India's hotel industry is projected to experience stronger growth in the second half of FY27, driven by robust domestic leisure demand and a steady rebound in corporate and international travel, PhillipCapital said in a sector report.
The hospitality sector remained resilient in the first quarter despite geopolitical disruptions, with industry occupancy rising 2-4 percentage points year-on-year, average room rates (ARR) increasing 6-8 per cent and revenue per available room (RevPAR) growing 11-13 per cent, according to the report.
The report noted that recovery could strengthen in the coming quarters, supported by a heavier wedding calendar, improving meetings, incentives, conferences and exhibitions (MICE) activit...
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