Hotel owners check in with big bucks to unlock more rooms

Fueled by rising domestic travel and affluence, Indian hotel chains are significantly increasing investments. Dangayach Group plans to add over 2,000 rooms, while Ambuja Neotia Group invests heavily in West Bengal. The sector experiences robust demand across tourism, weddings, and MICE, driving increased revenue and optimistic investor outlook, with hotel transactions reaching $340 million in 2024.