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Market Overview

The hospitality sector in India spans hotels, resorts, restaurants, travel services, and more. It contributes significantly to the country’s GDP and employment. As of recent industry reports, the market is expected to grow steadily over the next five years, driven by favorable government policies, enhanced connectivity, and a boom in domestic tourism.

With India's rising middle class and growing disposable income, there has been a noticeable shift in travel behavior. More Indians are now exploring new destinations within the country, creating consistent demand for quality accommodations and experiences across budget, mid-scale, and luxury segments.

In 2024, India Hospitality Market Size in India was estimated to be worth USD 29.30 billion. The hospitality market in India is expected to expand at a compound annual growth rate (CAGR) of 5% from 2025 to 2034, from USD 30.78 billion in 2025 to USD 47.83 billion. One of the main factors…