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Indian hotel industry revenue expected to grow 7-9 pc in FY25: ICRA

The Indian hotel industry is expected to grow 7-9% with high occupancy in FY2025. Demand from domestic leisure travel, MICE, weddings, business travel, spiritual tourism, tier-II cities, and domestic tourism will drive growth. FTA recovery depends on the global macroeconomic environment and consumer sentiments.
New Delhi Ltd Vice Foreign Tourist Arrivals Vice President Indian Hotel Industry Domestic Leisure Travel

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