Vikram Oberoi, CEO of EIH Limited, discussed the flourishing Indian hospitality sector during an earnings call, highlighting a growing demand compared to slower supply growth. This disparity is expected to favorably impact average room rates (ARR). The sector’s expansion plans include opening 50 new hotels by 2030, with upcoming properties like The Oberoi Rajgarh and The Oberoi Vindyavilas wildlife resort. Despite upcoming changes in government, Oberoi expressed confidence in ARR growth, particularly in the luxury-premium segment. He emphasized the group’s competitive edge in service quality.
Indian Hospitality Sector Booms Despite Supply-Demand Imbalance
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