India’s hospitality industry is expected to significantly outperform global growth trends through 2030, driven by strong domestic travel demand, rising disposable incomes, sustained investment in tourism infrastructure, and the continued expansion of bleisure and MICE tourism. The country’s demographic scale and cultural diversity remain enduring structural drivers of travel, tourism, and hospitality consumption, according to Anirudh Reddy, Director, Viceroy Hotels.

He commented, “The hospitality sector recorded a strong recovery in FY 2024-25, with revenue growth of approximately 7–9%, supported by improving occupancies in premium and upper-upscale hotels despite supply constraints in key urban markets. Looking ahead, India’s hotel market revenues are projected to grow at a robust 15–17% compound annual growth rate (CAGR) through 2030—nearly double the expected global growth rate,”

Globally, the hospitality sector is entering a phase of stable expansion following a sharp post-pandemic rebound. Travel and tourism are expected to contribute close to US$15 trillion to global GDP by 2030, while the global hotel industry is projected to grow at a CAGR of approximately 8–9% between 2025 and 2030, as per estimates from the World Travel & Tourism Council (WTTC).

Within India, domestic travel is forecast to reach nearly five billion trips annually by 2030, supported by rising middle-class consumption, improved air and road connectivity, and continued public and private sector investment in tourism infrastructure. Collectively, hospitality and tourism are expected to contribute over ₹40 trillion to India’s GDP by the mid-2030s, according to projections from the India Brand Equity Foundation (IBEF) and WTTC.