• October 13, 2024
  1. Home
  2. News

Category: Statistics & Analysis

News
Indian Hospitality Sector Sees Strong Growth, Expected to Add 55,000 Keys in 5 Years with 8-9% RevPAR Boost, Says Report

Indian Hospitality Sector Sees Strong Growth, Expected to Add 55,000 Keys in 5 Years with 8-9% RevPAR Boost, Says Report

The hospitality sector is experiencing an upcycle, driven by strong domestic demand and favorable demographics, despite a decline in international tourist inflows. With supply trailing demand, investments in infrastructure and connectivity are on the rise,

News
Hindware Launches Smart Appliance OTTAVIO 80L Built-in Oven

Hindware Launches Smart Appliance OTTAVIO 80L Built-in Oven

The Hindware OTTAVIO 80L Built-in Oven is a masterpiece of innovation, designed to transform your kitchen into a culinary haven. This advanced oven features cutting-edge air frying technology, allowing you to prepare healthy meals with

News
Hyderabad emerges as the RevPAR growth leader in Q2 2024, registeres a growth of 11.9%

Hyderabad emerges as the RevPAR growth leader in Q2 2024, registeres a growth of 11.9%

The hospitality sector continued to witness Year-on-Year (YoY) growth in performance in Q2 2024 (April-June, 2024), primarily driven by a rise in Average Daily Rate (ADR), resulting in a RevPAR growth of 4.8%. The second

News
Airbnb sees almost 340% Y-o-Y increase in domestic searches for the upcoming festive season

Airbnb sees almost 340% Y-o-Y increase in domestic searches for the upcoming festive season

As India gears up for the Independence Day and Raksha Bandhan long weekend, Airbnb's latest search data reveals a significant surge in travel interest. Indian travellers are eagerly planning both domestic and international trips to

News
Kochi Leads in Occupancy Growth as Indian Hospitality Market Sees Mixed Trends in June 2024: HVS ANAROCK Report

Kochi Leads in Occupancy Growth as Indian Hospitality Market Sees Mixed Trends in June 2024: HVS ANAROCK Report

In the latest edition of the HVS ANAROCK monthly industry update, Hotels & Hospitality Overview (H2O), several key trends in the Indian hospitality industry for June 2024 have come to light. One of the most

F&B
Food Services sector to grow by 8.1% CAGR during 2024-2028, says NRAI’s India Food Services Report 2024

Food Services sector to grow by 8.1% CAGR during 2024-2028, says NRAI’s India Food Services Report 2024

The National Restaurant Association of India, the voice of the Indian restaurant industry released its long-awaited India Food Services Report 2024 (NRAI IFSR 2024) in New Delhi on July 9th. Today, in Mumbai, the report

F&B
Food Services Market in India expected to grow at 10%–12% CAGR; reaching INR 900–1000K crore by 2030, says report

Food Services Market in India expected to grow at 10%–12% CAGR; reaching INR 900–1000K crore by 2030, says report

The food services market in India, which encompasses dining out and ordering in, is currently valued at INR 550K Crore. The market is poised to grow at 10%–12% annually over the next seven years, reaching

News
The Hotel Channel Management Market is pivotal to optimise distribution channels and maximise revenue, says FMI

The Hotel Channel Management Market is pivotal to optimise distribution channels and maximise revenue, says FMI

According to a report by Future Market Insights, the Hotel Channel Management Market is pivotal in reshaping how hotels optimize distribution channels and maximize revenue. From seamless integration of booking platforms to real-time inventory management,

News
World’s top hotel brands struggle to build brand value despite rising demand : Brand Finance

World’s top hotel brands struggle to build brand value despite rising demand : Brand Finance

Hilton, with a brand value of USD11.6 billion, has retained its title as the world’s most valuable hotel brand for the ninth consecutive year, according to new data from Brand Finance, the world’s leading brand

News
Hotel Industry to Hit Over Half-a-Trillion Dollar Value by 2028, says Stocklytics

Hotel Industry to Hit Over Half-a-Trillion Dollar Value by 2028, says Stocklytics

Although it took three years for the hotel industry to fully recover after the COVID-19 hit, the entire market has picked up the pace of solid growth and is set to reach a new milestone

This will close in 0 seconds