Dussehra

ICRA report projects 9-12% revenue growth for India’s hospitality sector in FY26, with strong demand and higher room rates driving margins. Premium hotel occupancy at 72-74%, ARRs to increase to Rs 8,200-8,500 per night. Diversified demand drivers and asset-light expansion models support sector’s resilience. Operating margins expected to be 34-36% in FY26, outpacing pre-Covid levels.