ICRA estimates that pan-India hotel occupancy has reached a ten-year high of 70 per cent to 72 per cent in the current and upcoming fiscal years, compared to 68 per cent to 70 per cent in 2022-23.
Tier 1 cities stand out as the most preferred destination, attracting 63.21 per cent of job applicants. Delhi (31.78 per cent), Mumbai (27.21 per cent), and Bengaluru (9.48 per cent) take the lead in job availability.
