New Delhi, March 3 (IANS) The domestic hospitality industry is likely to post sustained healthy performance in FY26 as revenues projected to grow 9–12 per cent year-on-year (YoY), a report said on Tuesday.This will be supported by steady domestic leisure travel, MICE activity, weddings and resilient corporate demand, according to the ICRA report.The report noted that the growth outlook remains favourable despite the high base of FY25.The rating agency has projected average room rates (ARRs) to…
Latest Weddings News & Updates
Mumbai, Jan 30 (IANS) India’s hotel industry is in a “sweet spot” and is likely to deliver around 16 to 21 per cent earnings growth over the next three years, driven by rising room rates and improving occupancy, a report said on Friday.The report from HSBC Global Investment Research said industry‑wide EBITDA is expected to grow at a “robust 16 to 21 per cent compound annual growth rate over FY25–FY28,” supported by average room rate growth of 5 to 7 per cent a year.Further, improvements in…