Hotel industry to hit double-digit revenue growth on demand boost in FY24: ICRA
The agency estimates pan-India premium hotel occupancy at around 70-72% in FY24, after recovering to 68-70% in FY23.
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Hospitality's sustainability challenge
Though adopting sustainable practices has become mandatory for hospitality companies, it is an expensive proposition for the legacy brands.
Hotel industry revenues, margins to reclaim pre-Covid levels in FY23: ICRA
ICRA expects pan-India premium hotel occupancy to be at 68-70% for FY23.
Hotel occupancy in Delhi, Mumbai, Bengaluru bouncing back fast: Marriott
Rajeev Menon, president, Marriott International Asia Pacific says the real competition is between countries that have opened themself fully and those who are gradually opening up.
