International brands signed 44% of total keys in India, resulting in opening of 10,138 keys: Noesis

The latest report by Noesis titled ‘India Hospitality Overview 2022’ says that period, the Indian hotel industry is showing signs of gaining momentum. In 2022, the industry experienced a critical year with unique opportunities, and domestic businesses seized the chance with 66% of hotel signings. Meanwhile, international brands signed 44% of the total keys, resulting in the opening of 10,138 keys. This exciting future is set to continue with a pipeline of 7,163 keys being added from 2023 onwards.