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    HomeNewsOpinionChart of the Day | Hotel room supply to tilt towards midscale economy segment

    Chart of the Day | Hotel room supply to tilt towards midscale economy segment

    The pan-India increase in average room rate has gone up in the last two years in US dollar terms, but it is still 50 per cent lower than that of FY2008

    Vatsala Kamat
    October 25, 2024 / 09:54 IST
    Over the years, the supply concentration in the luxury-upper upscale segment has reduced from 39 per cent in FY2015 to 32 per cent in FY2023 and is expected to reduce further to 26 per cent by FY2028. (Representative image)
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