Average Room Rates to Continue to Rise in FY25 by 7-8%

Average Room Rates to Continue to Rise in FY25 by 7-8%

According to data, the average daily rate (ADR) for premium hotels in India experienced a significant increase in the first eleven months of FY24. This growth is likely to continue in FY25, with an expected rise of 7-8%. The rise in ADR can be attributed to various factors, including increased demand, the growth of the tourism sector, and improvements in hotel infrastructure. The real estate industry is optimistic about the future prospects of premium hotels in India.

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