India is taking steps to make its tourist and pilgrimage destinations more convenient for visitors. These projects are being developed at a rapid pace to boost the country's tourism potential.
Ever tried sealing a deal with Indian businesses through a computer screen? It isn't easy. Indians are all about face-to-face meetings and building real connections. No wonder business travel in India is bouncing back quicker than elsewhere.
Several factors are driving the demand for hospitality industry in India, especially domestic tourism. ICRA expects this robust demand to lead to strong growth in FY2025.
Post Covid, India has been witnessing a rise in corporate travel, driven by face-to-face meetings and conventions. New business hotels and convention centers are being developed to cater to the rising demand.