New Delhi, June 22 -- The hospitality industry will maintain strong operating performance in the near term, supported by strong corporate travel, MICE activity, live events, and a buoyant wedding season, according to a report by Antique Stock Broking Limited.

As per the report, medium-term growth of the industry is expected to be driven by sustained demand-supply imbalances and a healthy pipeline of new hotel additions.

The hospitality sector has significantly benefited by the increased demand from the Meetings, Incentives, Conferences, and Exhibitions (MICE) sector.

"The hospitality industry should continue to deliver strong operating performance in the near term aided by strong corporate demand, MICE, live events, and the wedding bus...