West Asia conflict may hit hotel occupancy: ICRA
Synopsis Hospitality sector occupancy is projected at 66-68% for early FY27, rising to 72-74% for the full year, according to ICRA. However, prolonged West Asia
Synopsis Hospitality sector occupancy is projected at 66-68% for early FY27, rising to 72-74% for the full year, according to ICRA. However, prolonged West Asia conflict could impact these figures, particularly business travel. Despite geopolitical concerns, hotel chains are reporting robust double-digit revenue growth, with some anticipating continued strong performance. A potential shift from international to domestic travel might also boost local spending.
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