This is a monthly industry update that highlights the key trends in the Indian hospitality industry.
This report highlights the key trends in the Indian hospitality industry in 2023 along with the sector performance metrics, brand signings, and brand openings during the year. It also provides our outlook for the sector for 2024.
India’s trillion-dollar wedding industry is back, larger and grander than ever before. Fueled by rising income levels, a growing number of high-net-worth individuals, and the charm of celebrity weddings, destination weddings, both domestic and international, are on the rise, which is expected to gain further momentum driven by India’s favorable demographics. Read on to know more.
HVS Monday Musings: Catalysts for Growth – Tech Hubs are Powering the Indian Hotel Industry’s Growth
Tech hubs have globally been a catalyst for the hospitality sector’s expansion. Bengaluru and Hyderabad are prime examples of this trend in India, witnessing unprecedented growth in hotel supply in sync with their booming IT sectors. Read on to know more.
AI adoption is on the rise globally, including in the F&B industry, where it's streamlining processes, reducing waste, and enhancing guest experiences. Read on to know more.
Jaipur, also known as the Pink City, has become a major tourist destination thanks to improved connectivity and good infrastructure, which includes a supply of high-quality hotels. Read on to know more.
City tourism is heavily dependent on corporate & MICE segments and it's time to reconsider and shift the narrative to make city tourism more holistic in the future. Read on to know more.
The upbeat travel sentiment is helping the Indian hotel sector to recover lost ground, with several markets outperforming their pre-pandemic performance during March 2022. Read on to know more.
Chandigarh’s hotel sector has recovered quicker than many other Indian hotel markets, thanks to its strategic location as the gateway for travelers heading to various leisure destinations in the Himalayan region, as well as demand from the wedding segment. Read on to know more.
This article briefly highlights some of the measures that can help Bhopal, the capital city of the Indian state of Madhya Pradesh, become a popular leisure tourism destination.