Delivering Value for Partners.
Tourism demand continues to rise across the Asia-Pacific (APAC) region, particularly in India and China. Overall, room rates should continue to increase moderately through 2018, although this will vary across cities, as per American Express Global Business Travel Report.
India was projected to account for 3.7% of global online travel sales in 2017, making it the third-largest market by value in the APAC region. For the first time in a decade, hotel occupancy levels in India have crossed 65%, and average room rates have grown by 8% since 2008. Demand is outstripping supply, with mid-market segment taking a central stage in the growth journey of the overall hospitality sector. Indian hospitality business has been evolving in terms of investment, performance and turn around. The industry is picking up pace and experienced brands such as Keys Hotels are making optimum use of this opportunity.
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