Tag Archives: revenue growth

ICRA has revised the outlook on the Indian hospitality industry to stable from positive, considering the expectations of normalised revenue growth of 6-8% in FY2026 on the high base, posted after three years of double-digit revenue expansion seen by the industry over FY2023 to FY2025. It estimates pan-India premium hotel occupancy to hold at 72-74% in FY2026, slightly higher than the 70-72% levels witnessed in FY2024 and FY2025.

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.