Tag Archives: McKinsey Report

Recently, McKinsey report revealed that India’s growing GDP is expected to result in annual growth in travel spending of nine per cent between now and 2030. It has also become a significant emerging market that is witnessing fast-growing pools of first-time tourists attributed to a better aviation network and an increase in the availability of accommodation.

Mckinsey report revealed, home-sharing continues to position itself as better than traditional hotels, segment has grown from 10-14% of booking value between 2017 and 2023. Home-sharing companies have also become a key distribution channel for smaller hotels, as they can offer more control over inventory and lower fees than other channels.