Indian Hospitality Sector Moves to High Growth Trajectory; Investment Flow in the Sector is Projected at USD 2.8 Billion During 2018-2022 - A Report by Meraqi

/ -- Indian Hospitality Sector has been witnessing considerable signs of recovery since 2016, primarily boosted by a strong economy, increased inflow of business travellers and rising demand for experiential services. 'Focus: India Hospitality Industry', a comprehensive report released by Meraqi, outlines the performance of hospitality sector across major cities, forecasts demand and analyses the impact of disruptive changes in the market dynamics.

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Key highlights:
Indian Hospitality Sector is set to witness addition of 30,000 rooms by 2022 to the existing inventory of 128,000 rooms. 65% of the upcoming supply at 19,500 rooms is expected in Tier II and III cities. Players like Marriott, Intercontinental, Radisson, Lemon Tree, Ginger are looking into expanding their operations in tourism driven tier II & III cities. Midscale segment to record highest growth in ARR at a rate of 5% CAGR by 2022. Bangalore and Hyderabad to witness high ARR at 7.3% and 14.1% respectively in 2017. Mergers, acquisitions and buy-outs will increase as major hospitality developments are up for sale. Post 2016, the disruptive concepts have changed the face of hospitality industry in the country. New concepts like 'vacation homes' and 'capsule hotels' are being explored by players like Airbnb, VRBO and Urban Pod. International operators are exploring 'Millennial Focused Concepts' with open lounges and social spaces to cater to the tech savvy, budget conscious customers. About Meraqi
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