CareEdge Ratings predicts a 12-14% revenue per available room growth for the hospitality industry in FY2024, followed by a 9-11% growth in FY2025. The sector's recovery in occupancy rates and average rates has boosted revenue per available room. Average room rates are expected to rise, reaching Rs 7,700 to Rs 7,900 in the next fiscal. Domestic travel is driving demand, with international travel yet to fully recover. The sector is expected to see steady high occupancies and continued revenue growth in FY2025.
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