Hospitality sector: 3 reasons why ICRA predicts 12% growth as Rs 8,500 room rates become the ‘new normal’
Hospitality sector: 3 reasons why ICRA predicts 12% growth as Rs 8,500 room rates become the ‘new normal’ is drawing significant interest across the industry.
India's hospitality sector is projected to grow 9–12% in FY26, with demand CAGR of 8–9% outpacing supply growth of 5–6%, according to ICRA. Premium hotel occupancy is expected at 72–74%, average room rates at ?8,200–8,500 per night, while operating margins remain well above pre-COVID levels at 34–36%.
Experts suggest this could influence future trends and innovation in the sector.
More updates are expected as the story develops.
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