During 2023, Radisson Hotel Group in India took some major decisions, such as bringing the Radisson Collection brand to the country. As part of its strategic expansion, it is now looking at tier 2 and 3 markets.
Ayodhya is at the center of hospitality development in India. IHCL, Radisson, and ITC are rapidly establishing their presence in the city to benefit from the tourist influx post the consecration ceremony of Ram Temple.
Post Covid, India has been witnessing a rise in corporate travel, driven by face-to-face meetings and conventions. New business hotels and convention centers are being developed to cater to the rising demand.
The aggressive increase in the fleet size of airlines is accompanied by rapid expansion of operations. The Indian travel industry is rapidly growing, driven by the middle class.