India's Hospitality Sector Forecasted to Grow 9-12% Revenue in 2025-26: Icra

India's hospitality sector is projected to achieve 9-12% revenue growth in 2025-26, driven by steady demand across domestic leisure travel, corporate events, weddings, and MICE activities, according to an Icra report. Premium hotel occupancy is expected to reach 72-74%, with average room rates rising to Rs 8,200-8,500 per night. Demand growth is anticipated to outpace supply expansion, sustaining occupancy and pricing. The sector's diversification and adoption of asset-light models are enhancing resilience and financial performance.