New Delhi, April 29 -- Get ready for a hotel boom in India, as large conglomerates like the Adani group enter the hospitality sector and incumbents deploy fresh investments in a country where rising prosperity fuels demand for travel and tourism.

Record public listings, projections for average room rates exceeding Rs.10,000, and deal activity expected to surge to Rs.4,200 crore are setting the stage for a strong 2025. This follows a year of robust expansion, with hotel brand signings hitting an all-time high, signaling significant future supply, according to a report by hospitality consulting firm HVS Anarock.

Hotel occupancy is projected to rise to 70% by 2026, from 63-65% last year, and average room rates could jump by nearly a third ...