What are the latest trends in Hotel Management industry?
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2 Answers
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The Indian hotel industry is poised for significant growth, with forecasts suggesting a 7-9% revenue increase in FY2025. This growth is primarily fueled by the growing demand for domestic leisure travel, as well as a rise in events such as weddings and business travel. Key trends in the hospitality sector in 2024 include the adoption of cutting-edge technologies like artificial intelligence for enhanced customer service, contactless check-ins, and personalized experiences driven by Internet of Things (IoT) devices.
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The Indian hotel industry is on the verge of exponential growth, with projections indicating a 7-9% revenue increase in FY2025. This surge is driven by the surging demand for domestic leisure travel, along with a rise in events like weddings and business travel. Some of the latest trends in the hospitality industry in 2024 include the integration of new technology innovations, such as artificial intelligence-enabled customer service, contactless check-ins and personalization of experiences enabled by Internet of Things (IoT) devices, etc.
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