Indian Hospitality Sector Soars: IHCL Projects 40% Growth Amid Tourism Boom

India's hospitality industry is experiencing unprecedented growth, with Indian Hotels Company Limited (IHCL) leading the charge toward remarkable expansion. The sector is projected to reach USD 281.83 billion in 2025, growing at an impressive CAGR of 13.96% through 2030. Under Puneet Chhatwal's leadership, IHCL plans to double its portfolio to over 700 hotels, targeting revenues of Rs 15,000 crore in the next five years. The company's strategic focus on both domestic and international markets, combined with strong occupancy rates of 71% and a 41% EBITDA increase, signals a robust growth trajectory.
Source: Mordor Intelligence Market Analysis Report, CNBC TV18