India's Hotel Industry Poised for Growth

India's organized hotel industry is set to add over 100,000 rooms by 2029, surpassing 300,000. This growth is driven by religious tourism, rising prosperity, and infrastructure projects. The hotel market is expected to see healthy room rates and occupancy rates, with a focus on leisure destinations and religious tourism hubs. Mumbai will see significant hotel openings in 2025, including the Fairmont Mumbai and Hyatt Regency. The Navi Mumbai airport is expected to boost demand. Despite potential challenges from stock market declines, the industry is optimistic about the future. Hotel chains have crossed the 200,000 branded room mark, adding 14,000 rooms in 2024. The market capitalization of the sector has increased significantly, with Indian Hotels Company Ltd contributing 40%. Hotel companies have shown strong growth in revenue and Ebitda margins.