Hospitality industry to witness revenue growth  of 12-14% in FY24′ followed by 9-11% in FY25’: Report

CareEdge Ratings in its report highlighted a 12-14% revenue per available room growth for the hospitality industry in FY2024, followed by a 9-11% growth in FY2025. This will make it the third straight year of an upcycle. Pan-India, ARRs are expected to be around Rs 7,200 to Rs 7,400 in the current fiscal, which is likely to rise further to Rs 7,700 to Rs 7,900 in the next fiscal.