India's experience spending to outpace goods at 10.3% CAGR through 2030: CBRE
CBRE projects Indian experience economy—hotels, travel, dining, recreation—growing at 10.3% CAGR versus 9.1% for goods through 2030. Gen Z fuels lifestyle hotel demand, where India lags Singapore and Hong Kong on supply. Lifestyle hotels command 13% RevPAR premium and are forecast to expand at 10% CAGR.
CBRE report projects Indian experience spending (hotels, travel, dining, recreation) to grow at 10.3% CAGR through 2030, outpacing goods at 9.1%. Gen Z drives demand for lifestyle hotels, with India facing significant undersupply versus Singapore/Hong Kong.
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- The Hindu BusinessLine — 1h after first sighting