Akasa Air launched in August 2022, and since then, it has expanded its network to 25 cities. The low-cost airline's expansion plans range from international destinations to smaller Indian cities to enhance connectivity within and outside India. And its business model seems to be paying off so far.
We are tracking the Indian hotel industry's strong performance in the first quarter, and the momentum is expected to continue. Also interesting: Smaller cities continue to get a lion's share of new developments.
Indian weddings mean big money. The Indian government is aiming to harness India's cultural diversity and vast offerings to promote the country as the preferred domestic and international wedding destination.
India is a strong player in Accor's global vision. The record-breaking expansion in 2023 is a step towards its goal of opening 30 properties in the country over the next three to five years.
In just the first three days of April, Singapore Tourism Board has already dropped three announcements about teaming up with Indian companies, a clear sign of India's growing significance.
The “I do” in Indian weddings is a multi-million-dollar extravaganza that will make your head spin faster than the bride and groom during their eleventh outfit change.
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.