Hotel Business News Marriott News Center
RevPAR grew 9%, a 30 foundation point acceleration from second quarter 2023 development. The Indian hotel industry is anticipated to develop 7-9% with high occupancy in FY2025. Demand from home leisure journey, MICE, weddings, enterprise journey, non secular tourism, tier-II cities, and home tourism will drive growth. FTA recovery is decided Hotels News by the worldwide macroeconomic setting and client sentiments. The hospitality industry is poised for robust progress in fiscal yr 2025, with occupancy charges expected to reach highs not seen in a decade. Average room rates are additionally projected to strategy peak levels from fiscal 12 months 2008.…


