MORE WEALTH AMONG 1.5 billion people in India is driving a surge in new travelers with increased disposable income, creating significant demand for
hotel rooms across the subcontinent, according to HotStats. This demand spans all asset classes, making it both easier and more challenging for developers
and operators to determine what to build and operate.
HotStats’ latest blog reveals that India’s hospitality sector is poised for growth due to its expanding economy, population and market performance.
“India mirrors China’s growth from 20 years ago, but a key difference emerged when India recently surpassed China as the world’s most populous nation,” wrote
Tareq Bagaeen, HotStats’ senior consultant. “While China’s population is set to drop below one billion in the coming decades, India will continue growing,
reaching 1.7 billion in 30 years. With a growing economy and strong market performance, India’s hospitality sector is primed for growth.”