According to a report by Hotel Association of India and Benori Knowledge, the Indian hotel industry’s direct contribution to the country’s GDP is projected to reach US $1 trillion by 2047. The report cited various key drivers for the Indian hotel industry that will fuel the growth of the industry. These are: technology disruption, the rise in the demand for new-aged wellness resorts, increasing corporate travel, the rise in mid-scale hotel segment, 100 per cent FDI allowance, tax rebates and variety of public private partnerships, among others.
