Indian hotels eyes on a long run of growth as the hospitality and tourism sector grows

Indian hotels are expecting a tremendous growth in the long run since the hospitality and tourism sector slowly bounces back from the problems caused by the pandemic when travel suffered. Moreover, increment in room rates, growing demand and upcoming events can be a drive growth for the sector, according to the hotel chain operators and analysts – The coming 16 quarters would be the “golden quarters” as the industry will see more profits in cumulative terms than in the last 2 decades..

Pent-up demand initially has supported as a trigger to the recovery in the hospitality and tourism sector, the worst affected aspect of the economy when people had to stay indoors during successive waves of Covid-19. As the pandemic fades, the industry has started seeing signs of the momentum sustaining.