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Listed hotel operators in India are expected to add more than 70,000 rooms by 2030 as demand continues to increase.
The growth will come as the Indian hospitality industry is expected to reach a market size of $31 billion by 2029, up from $24.6 billion in 2024, according to real estate consultancy firm CBRE’s South Asia arm.
“The sector is transitioning from a phase of post-pandemic recovery into structural maturity, characterised by disciplined expansion and pricing stability,” the consultancy said in a statement released on Tuesday. It added that it expects domestic tourism to lead the expected growth in market size.
Visits from domestic tourists increased 40% year-over-year in 2025 to reach 4.1 billion, it noted. This growth is being supported by an increase in disposable incomes and improved accessibility due to large-scale infrastructure development, said Anshuman Magazine, chairman and CEO for India, South-East Asia, Middle East
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