India hospitality market to reach US$ 31 billion by 2029, driven by domestic tourism: CBRE report


India’s hospitality market is projected to grow from USD 24.6 billion in 2024 to USD 31 billion in 2029, according to the CBRE 2026 report. Domestic tourism is expected to lead this expansion, with visits rising to 4.1 billion in 2025, marking a 40% YoY increase. Increased disposable incomes and enhanced connectivity continue to support strong long-term growth.



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