India’s hospitality & tourism future bright, market set to grow from $32 bn in FY20 to $52 bn in FY27: FHRAI

K Syama Raju, President, Federation of Hotel & Restaurant Associations of India (FHRAI), said, “The future of India’s hospitality sector and tourism is bright, with substantial growth expected in 2025 and beyond. Domestic tourism is projected to grow by 15–20%, driven by govt initiatives. The travel market is on track to reach $125 billion by FY27, with the hotel market set to grow from $32 billion in FY20 to $52 billion.

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