Over 80% CEOs expect robust growth in hospitality space

Over 80 per cent CEOs from leading hospitality firms in India believe that the sector will see robust growth in the coming years, according to a latest report titled ‘Hospitality insights from the Indian CEO’s desk’ by Confederation of Indian Industry (CII) and PWC. Eighty-three per cent CEOs believe that revenues from business travellers will grow significantly over the next few years. Although MiCE has not been a significant contributor to the Indian hospitality sector so far, this trend is likely to change with better planning as well as improved infrastructure. On the other hand, few CEOs believe that leisure travel will keep pace with growth seen in business travel and MiCE.