With the economy rebounding, India’s hotel industry may enjoy its best year ever

With the economy rebounding, India’s hotel industry may enjoy its best year ever.

On the strength of a recovering economy, The Financial Express (FE) projected that the Indian hotel industry is poised to have one of its finest years this fiscal.

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A 10 to 15% increase in average room rates (ARRs) from an already high base from the previous fiscal year.

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The research states that the occupancy rate, which was at 50% in FY22.

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