December 26, 2024 1:34 PM

Travel boom in India will enable branded hotels log double-digit growth this fiscal and next: Crisil

Branded hotels in India are expected to experience robust double-digit revenue growth this financial year and the next, driven by surging demand outpacing supply, according to a report from Crisil Ratings. The agency projects that revenue for branded hotels will grow by 13-14 percent this fiscal year, followed by a slightly lower 11-12 percent growth in the next. This growth is largely attributed to the continued strength of domestic leisure and business travel, with additional support coming f...