Indians Top List for Increased Travel Spend — India Report skift.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from skift.com Daily Mail and Mail on Sunday newspapers.
Hotel rates in India are expected to rise by 7-10% in 2024, despite uncertainties surrounding events like the general election. Industry executives predict that most new supply will be absorbed, and key business markets like Delhi and Mumbai and leisure markets like Kashmir could see up to 15% increase in hotels this year.
Entrepreneurs from various industries in tier-2 and -3 cities in India are entering the hospitality sector, diversifying their business portfolios. Sharad Agarwal, franchisee owner of Delhi Public School (DPS), is partnering with a luxury hotel chain to start his first hospitality venture in Siliguri. Mankind Pharma has also entered the sector with two hotels, and other companies are following suit.
SRM University – Institute of Hotel Management and Wyndham Hotels & Resorts Announce Strategic Partnership aninews.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aninews.in Daily Mail and Mail on Sunday newspapers.