Tag Archives: CRISIL Ratings

According to a report by CRISIL Ratings, branded hotels are expected to post double-digit revenue growth of 13-14% this fiscal and 11-12% in the next, fuelled by demand outpacing supply. While domestic leisure and business travel will continue to be the primary demand drivers, growing traction in the MICE segment and pickup in foreign tourist arrivals will provide an additional fillip.

According to CRISIL Ratings, rising domestic tourism and increasing propensity to travel overseas will expand revenue of India’s tour and travel operators by a robust 15-17 per cent this fiscal. The growth in revenue will be on a high base of last fiscal, when revenue jumped ~40% year-on-year to about ₹14,500 crore, surpassing the pre-pandemic peak by ~20%.