HOSPITALITY
USEFUL INFO
STATUS & POTENTIAL
Current Status
- Tourism Contribution: India’s travel and tourism sector contributed approximately ₹21 trillion to GDP in 2023, according to WTTC estimates.
- Employment Generation: Travel and tourism supported approximately 43 million jobs in India in 2023.
- Domestic Tourism: India recorded approximately 2.51 billion domestic tourist visits in 2023, demonstrating the scale of hospitality demand.
- Foreign Tourist Arrivals: India received approximately 9.52 million foreign tourist arrivals in 2023.
- Hotel Occupancy: India’s branded hotels recorded approximately 63–65% nationwide occupancy in FY2024.
- Hotel Room Rates: Average daily room rates in India’s branded hotel sector exceeded ₹7,500 in
FY2024, reflecting strong demand. - 2025 Domestic Tourism: India recorded approximately 428.69 crore domestic tourist visits, up 45.6% from 2024.
- 2025 Foreign Tourist Arrivals: India received approximately 91.5 lakh foreign tourists, according to the Ministry of Tourism.
- 2025 Hotel Performance: Nationwide hotel occupancy reached 63–65%, with average room rates of ₹8,500–₹8,700.
- 2025 Hotel Expansion: Hotel operators signed 586 properties representing approximately 64,118 rooms and opened 176 properties with 14,199 rooms.
- Food-Service Industry: India’s restaurant and food-service market was valued at approximately ₹5.69
lakh crore in FY2024.
Future Growth Potential: 2027–2030
- US$150 Billion Food-Service Market: Projected to grow from US$90 billion in 2025 to US$150 billion by 2030.
- 17–18% Organised HoReCa Growth: Organised food-service businesses are projected to grow at 17–18% CAGR through 2030.
- ₹7.76 Lakh Crore Restaurant Industry: NRAI projects India’s food-service market to reach ₹7.76 lakh crore by FY2028.
- Hotel Room Expansion: India’s branded hotel inventory could reach approximately 3 lakh rooms by 2030, according to Horwath HTL’s assessment.
- Hotel Supplies & Equipment Opportunities: Approximately 1.44 lakh hotel rooms were in the development pipeline in 2025, indicating substantial future procurement potential.
- Food-Service Employment: NRAI projects approximately 1 crore direct jobs in India’s food-service industry by FY2028.
- Digital Food Delivery: Online delivery’s market share is projected to increase from 11% in FY2026 to 18% by FY2031.
- Organised Restaurant Market Share: Expected to increase from 45–50% in 2025 to 60–70% by 2030.