Meghraj Singh Royal Unravels the Emerging Landscape of Hospitality in India
The hospitality industry in India is expected to reach a value of $247.31 billion by 2024, and it's predicted to grow even further to $475.37 billion by 2029. This means it's going to grow at an average rate of 13.96% each year from 2024 to 2029. Why is this happening? Well, it's because more people have money to spend, more tourists are visiting, and people's preferences are changing.
From fancy hotels in the mountains to small cozy ones in big cities, the hospitality industry in India caters to all kinds of travelers. They offer unique experiences to suit everyone's tastes.
At the same time, technology is changing how guests experience hotels and how hotels operate. Hotels are using things like mobile check-ins, AI-powered services, and virtual reality tours to make everything easier and more personalized for guests. A report found that most people prefer hotels where they can use their smartphones to check in and unlock doors.
Meghraj Singh Royal, an expert in the industry, believes that hotels need to use technology to keep guests happy and to stay competitive. It's not about being fancy; it's about making sure guests have a great time and want to come back. So, using technology in hotels is just a smart move in today's digital age.