RevPAR grew 9%, a 30 foundation level acceleration from second quarter 2023 growth. The Indian hotel industry is anticipated to grow 7-9% with high occupancy in FY2025. Demand from domestic leisure journey, MICE, weddings, enterprise travel, non secular tourism, tier-II cities, and domestic tourism will drive development. FTA restoration depends Hotels News on the worldwide macroeconomic environment and consumer sentiments. The hospitality trade is poised for sturdy progress in fiscal year 2025, with occupancy rates anticipated to reach highs not seen in a decade. Average room charges are additionally projected to method peak ranges from fiscal year 2008.
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- Minor is the only hotel operator to attain a Top 10% rating in the Hotels, Resorts and Cruise Lines industry, with industry-best outcomes for Business Ethics and Human Capital Development.