2017 will prove to be a good year for Indian hotels, budget hospitality

Budget and mid-scale represent the major growth opportunities for lodging in India

2017 heralds the start of a potential extended four-year up-cycle for hospitality in India.

The last five years have seen the sector deliver a muted performance — due both to the economic downturn and the largest release of new supply since Independence.

The tide is turning. India is today the fastest growing major economy in the world. Supply that grew in double digits has petered down to sub-10 per cent and is expected to maintain a single-digit trot over the next four-five years. Aggregate room demand has picked up pace, growing over 16 per cent last year and is