Marriott CEO Anthony Capuano highlighted the company's strong growth in India, emphasizing local decision-making, expansion into smaller cities, increased female employment, and reducing bureaucratic and travel barriers to boost international tourism.
India's organized hotel industry is set to exceed 3 million rooms by 2029, driven by religious tourism, rising incomes, infrastructure projects, and major airport developments.
Singapore is on track to exceed pre-pandemic tourism spending in 2024 and expects up to 18.5 million visitors generating over S$30 billion in receipts by 2025.
Indian Hotels Company announced a new Tajhotel in Ayodhya, set to open in 2026 with 300 rooms, luxury villas, extensive amenities, and event space, expanding IHCL’s footprint in Uttar Pradesh to 31 hotels.