India’s Hospitality Sector Q3 2024: Sustained Growth Amid Rising Corporate Travel and Regional Expansion
The Indian hospitality sector saw robust YoY growth in Q3 2024, with a 10.8% increase in Revenue Per Available Room (RevPAR), driven by rising Average Daily Rates (ADR). Hyderabad led RevPAR growth, while Tier II and III cities gained prominence with 80% of new hotel openings.