India's Hotels to Hit $31B by 2029!

India's hospitality sector is on a strong growth trajectory, with its market size anticipated to climb from roughly $24.6 billion in 2024 to about $31 billion by 2029. This impressive forecast is largely propelled by domestic tourism, which recorded a 40% year-on-year increase in visits, reaching 4.1 billion in 2025.

Real estate consultants predict that listed hotel operators in India will introduce over 70,000 new keys by the year 2030. This expansion reflects the sector's resilience, supported by rising disposable incomes and enhanced travel accessibility across the country.

As of 2025, the sector maintained robust momentum despite global economic headwinds. Occupancy levels stood at approximately 64%, with Revenue Per Available Room (RevPAR) up by 11% and Average Daily Rates (ADR) increasing by 8.7% year-over-year. Investment activity is expected to remain active through 2026, driven by sustained travel demand and investor interest.