Back On Hospitable Grounds, Hotels Set To Grow In FY24 Despite Uncertainties: CareEdge

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .CareEdge Research Report.The Indian hospitality industry has shown resilience, bouncing back from the steep decline in the Covid-hit years with sharper inclines thereafter. FY21 was a survival year, FY22 was a revival year, and FY23 has been a growth year for the sector. The strong demand from leisure travel brought much-needed relief to the sector. Even weddings made a comeback with several hotels being completely sold out during the season. The demand outlook for the Indian hospitality industry for FY24 is positive. Domestic leisure travel may not remain as strong as it was in FY23, but it will still be significant and important. Foreign tourist arrivals for leisure and medical purposes are picking up, despite growing concerns about recession and global geopolitical issues. Corporate travel is expected to rise year on year in FY24, but it may still be impacted by ongoing global economic uncertainty, as companies are tapering travel costs and using more technology solutions in place of in-person meetings. In addition, the G20 presidency of India and events such as the ICC World Cup will increase demand for hotels..Click on the attachment to read the full report:.India's Economic Activity Slows Marginally; Watchful On Rural Recovery: Nirmal Bang.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Back On Hospitable Grounds, Hotels Set To Grow In FY24 Despite Uncertainties: CareEdge

The strong demand from leisure travel brought much-needed relief to the sector.

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