Resilience in the Hospitality Sector Amid Tourism Boom

, owner of the Taj luxury brand, is capitalizing on a surge in domestic tourism with plans to more than double its properties to over 700 by 2030, with at least 10% located overseas. In Q4 2024, the company reported a substantial revenue of ₹25.9 billion, a 29% increase from the previous year, with an EBITDA margin exceeding 39%. This growth is driven by increased spending on events and experiences by affluent Indians and high room rates in prime locations. However, high domestic hotel tariffs are prompting some travelers to consider overseas destinations, presenting both opportunities and challenges for the sector.