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Listed Hotel Firms to Add Over 70,000 Rooms by 2030: CBRE Report

  • by- Zaid
  • Apr 14, 2026
Listed hotel operators in India are expected to add over 70,000 keys by 2030, driven by sustained growth in domestic tourism and improving sector fundamentals, according to a report by CBRE South Asia.
Listed Hotel Firms to Add Over 70,000 Rooms by 2030: CBRE Report

New Delhi, April 14: The expansion comes as the hospitality sector transitions from post-pandemic recovery to a phase of structural growth.

Market Size Projection

Year Market Size
2024       ~$24.6 billion
2029 ~$31 billion

Key Performance Indicators (2025)

  • Domestic tourism visits: 4.1 billion (up 40% YoY)

  • Average occupancy: ~64%

  • RevPAR: Up 11% YoY

  • Average Daily Rates (ADR): Up 8.7% YoY

Supply Trends

New hotel openings have been skewed towards premium categories:

  • Upper midscale, upscale, and upper upscale segments accounted for nearly 60% of additions during 2025

Investment Activity

  • Total hotel deal value (2025): ~$456 million (up 2.5 times YoY)

Key Trends

  • Asset-light expansion models: Management contracts and franchise agreements gaining traction

  • Investor interest expanding beyond metros: Leisure destinations, pilgrimage centres, and emerging cities

  • Brand conversions: Large base of unbranded hotels offers opportunities for asset aggregation