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Branded hotels to see 13-14% growth in FY25 on demand surge
Hindustan Times Jammu
|December 27, 2024
Branded hotels in the country are likely to see double-digit revenue growth of 13-14% in 2024-25, and 11-12% in the next financial year on demand surge, a report said on Thursday.
MUMBAI:
While domestic leisure and business travel will continue to be the primary demand drivers, growing traction in the MICE (meetings, incentives, conventions and exhibitions) segment and pickup in foreign tourist arrivals will provide additional fillip, Crisil Ratings said in a report.
The branded hotels segment registered a strong 17% growth last fiscal, it added.
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