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India's Alternative Stays to Hit $4.7B by FY29
14 Oct
Summary
- Alternative accommodation market to reach $4.7B by FY29.
- Digitally listed accommodations surpassed 200,000 in FY26.
- Tier-two cities and emerging destinations fuel market expansion.
The alternative accommodation sector in India is on a rapid growth trajectory, with projections indicating it will reach a gross booking value of $4.7 billion by FY29, up from $2.6 billion in FY26. This segment is outpacing the overall travel market's growth.
By FY26, digitally distributed alternative accommodation listings surpassed 200,000, showing a substantial increase from the previous year. This expansion is being significantly fueled by the rise of tier-two cities, religious centers, and emerging leisure destinations, alongside evolving travel habits.
This burgeoning market is seen as a critical solution for India's accommodation needs, offering experiences and value that rival traditional hotels. The trend signifies a fundamental shift, with alternative stays becoming a core driver of modern travel culture and local economic contribution.
