Sunny Sodhi, MD, FCM Travel India asserts, “Indian corporate earnings are strong, and there is a growing demand for face-to-face meetings. Hotel occupancies in the organised sector are at record levels, reaching almost 68 per cent with Average Room Rates (ARRs) hitting US$100. This positivity is largely driven by strong economic growth and performance across most industries.” He further added “Domestic capacity has increased by nearly 13 per cent compared to pre-pandemic, a significant change from the past year.”
According to GBTA’s Business Travel Index report, business travel spending in India stood at an estimated US$38.3 billion, making the country the 8th largest market in the world for travel spending in 2024. The association stated India is the fourth largest market in the Asia-Pacific (APAC) region, accounting for 6.2 per cent of business travel spending.
