Recently released India Hospitality Overview 2022 report has predicted strong recovery and growth for hospitality sector in India. The report said that despite the challenging period caused by COVID, the Indian hotel industry is showing signs of recovery and gaining momentum. “The majority of markets have surpassed 2019 levels, indicating a positive trend for the industry. In 2022, the industry experienced a critical year with unique opportunities, and domestic businesses seized the chance with 66 per cent of hotel signings. Meanwhile, international brands signed 44 per cent of the total keys, resulting in the opening of 10,138 keys. This exciting future is set to continue with a pipeline of 7,163 keys being added from 2023 onwards,” the report observed.
