Hotels in India are moving more and more towards multi-property agreement development instead of signing agreements for individual properties. The hospitality industry in India is experiencing rapid growth, driven by increasing demand.
According to Rubix Data Sciences, the Indian hotel industry is expected to reach INR 1.1 billion ($13 billion) in 2026-27.
The occupancy rates are also on the rise. They are projected to reach 73% between 2026 and 2027. That’s up from 68% during fiscal 2024. It is a significant increase over the pandemic-low of 35%. The demand for housing is consistently higher than the supply.
This imbalance between supply and demand is critical to the long-term strategy of all sectors.
Mark Hoplamazian is the CEO of Hyatt Hotels. He noted that a global trend has been a limited growth in supply relative to demand, which includes India. “This is a good attribute,” he said.
Accor chairman and CEO Sébastien Bazin called India “an untapped market.” He claimed that less than 200,000 brands exist.
