Hotel occupancy across key Indian markets steady at 72–74%: ICRA


India’s premium hotel occupancy is expected to remain stable at 72–74% in FY2027, reflecting continued demand-supply imbalance. ICRA noted that supply growth of 5–6% lags behind demand growth of 8–9%, sustaining pricing power for hotels. This imbalance is likely to persist over the next two to three years, supporting strong average room rates and overall industry performance across major cities. 



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