Hospitality industry revenues to grow by 6-8% in FY26: ICRA

ICRA projects a 7-9% revenue growth for the Indian hospitality industry in FY2025 and 6-8% in FY2026, driven by rising ARR and sustained demand from domestic tourism, business travel, and MICE events. Premium hotel ARRs are expected to reach Rs 8,400 by FY2026. Supply growth will lag demand, supporting an industry upcycle.