The hospitality sector in India is optimistic about the potential for growth in the underserved market in 2024, despite challenges such as long-term funding accessibility, high GST rates, talent acquisition, and complex business processes. In 2023, listed hotel companies reported double-digit revenue growth due to domestic demand, recovery in foreign tourist arrivals, and large global events like India s G20 Presidency and men s cricket World Cup.
New Delhi, Dec 21 (PTI) Pandemic blues over, domestic travel unleashed and with global events like India's G20 Presidency and men's cricket World Cup turning up the volume in 2023, the hospitality sector will check into 2024 with optimism that it will be an unending party to tap the huge opportunity in an underserved market.
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