ICRA pegs FY27 hotel occupancy at 72-74%; West Asia conflict a key risk to forecast
ICRA projects Indian hospitality occupancy at 72-74% in FY27 but flags West Asia conflict as a downside risk, with 2M FY27 already at 66-68%. IHCL guides 12-14% topline growth, Radisson seeing 18% growth, and Marriott posting double-digit RevPAR gains as 26-28% of leisure outbound traffic to West Asia could redirect domestically.
ICRA projects Indian hospitality occupancy at 72-74% in FY27, warning West Asia conflict could pressure estimates. IHCL guides 12-14% revenue growth; Marriott, Radisson seeing double-digit RevPAR gains. Domestic travel may benefit from international travel shifts.