Vishnu Rageev R is a journalist with more than 15 years of experience in business journalism. Before joining Asian Media Group in 2022, he worked with BW Businessworld, IMAGES Group, exchange4media Group, DC Books, and Dhanam Publications in India. His coverage includes industry analysis, market trends and corporate developments, focusing on retail, real estate and hospitality. As a senior journalist with Asian Hospitality, he covers the U.S. hospitality industry. He is from Kerala, a state in South India.
INTERNATIONAL VISITORS SPENT Rs 3.1 trillion, or $36.09 billion, in India in 2024, 9 percent above the 2019 peak, according to the World Travel and Tourism Council. Domestic travel spending rose to Rs 15.5 trillion or $180.48 billion, 22 percent above 2019 levels.
WTTC’s latest Economic Impact Research shows international travel returned to its highest level last year and is now driving overall sector growth.
“India's travel and tourism sector is experiencing unprecedented growth, with international visitor numbers now at record highs after a period of strong domestic reliance,” said Julia Simpson, WTTC president and CEO. “We strongly support the government’s plans to simplify the e-visa process. While visa-on-arrival and e-visa systems exist, reciprocal policies and long delays for key markets like the U.S., where appointments are reportedly unavailable until 2026, continue to hinder tourists. Making it easier to visit India is one of the fastest ways to unlock more international arrivals and spending.”
Travel and tourism contributed nearly Rs 21 trillion or $244.53 billion to the Indian economy last year, 20 percent above 2019, the report said. With a young, educated population facing rapid AI-driven automation, the sector remains a key source of jobs and opportunity. Improving infrastructure, including high-speed rail and smart mobility, will be essential to increase its GDP share to 10 to 11 percent.
The sector supported a record 46.5 million jobs, or 9.1 percent of total employment in India, WTTC said. The country received 20 million international visitors in 2024, 2.3 million more than in 2019, reaffirming its status as a global destination and reflecting renewed international confidence in its tourism.
To maintain momentum, WTTC calls for continued investment and targeted policy support, urging the government to reconsider its decision to cut funding for overseas tourism promotion.
Simpson said WTTC signed a memorandum of understanding with WTTC India Initiative to support growth and ensure long-term resilience by amplifying India’s tourism voice globally.
“The MoU combines WTTC’s international influence with WTTCII’s national presence,” she said. “It will strengthen policy coherence and offer a model for global-local tourism leadership.”
The global tourism body's research shows India’s business travel grew, with combined domestic and international spending reaching Rs 1.1 trillion or $12.81 billion last year, 2.6 percent above 2019 levels.
Looking ahead: 2025 and 2035
WTTC forecasts India’s travel and tourism sector will contribute over Rs 22 trillion or $256.17 billion in 2025, with employment exceeding 48 million. As the sector expands, there is an opportunity to foster homegrown entrepreneurship, especially in luxury travel experiences, which are gaining traction among new generations of travelers and investors.
International visitor spend is expected to reach Rs 3.2 trillion or $37.26 billion, while domestic travel spending is set to hit Rs 16 trillion or $186.31 billion. By 2035, travel and tourism’s contribution to the economy is forecast to nearly double to just under Rs 42 trillion or $489.05 billion, with employment approaching 64 million.
India is positioned to become a leading tourism economy, combining heritage, natural resources, and innovation. Unlocking the potential of small and medium-sized enterprises, which form the sector’s backbone and drive innovation across regions, is key. The council urged the government to match the sector’s resilience and ambition with clear, consistent policies.
In May, WTTC projected the U.S. will lose $12.5 billion in international travel spending this year.
The Tourism and Hospitality Skill Council and The Lalit Suri Hospitality School signed an MoU to improve hospitality education.
The collaboration reflects a broader push to invest in youth training and workforce readiness in India’s hospitality sector.
It aims to provide domain knowledge, hands-on training and certifications for domestic and international careers.
THE TOURISM AND Hospitality Skill Council and The Lalit Suri Hospitality School recently signed a memorandum of understanding to improve the quality and reach of hospitality training in India. The collaboration reflects a broader push to invest in youth training and workforce readiness in the sector.
The initiative offers students domain knowledge, practical training and certifications for national and international careers, THSC and TLSHS said in a statement.
“We are thrilled to see institutions like TLSHS champion the skilling mission,” said Jyoti Mayal, THSC chairperson. “Such partnerships are the backbone of a demand-driven skilling ecosystem that responds to industry needs and supports India’s youth—especially in tourism, one of the most people-centric sectors.”
THSC, a not-for-profit, is promoted by the Confederation of Indian Industry with representation from government, industry, associations, and training institutes across India. Faridabad-based TLSHS offers programs including a B.Sc. in Hospitality and Hotel Administration, a Diploma in Food Production, and a Diploma in Bakery and Patisserie.
Jyotsna Suri, CMD of The Lalit Suri Hospitality Group, said the partnership aligns academic expertise with industry demand.
“At The Lalit Suri Hospitality Group, we believe in building not just businesses but communities, and skilling is a key pillar of that philosophy,” she said. “By working with THSC, we are proud to contribute to nation-building through youth empowerment and skill creation.”
The Lalit Suri Hospitality Group, part of Bharat Hotels Ltd., is a privately owned hotel company based in New Delhi. It operates 12 hotels in India and one in London. Its motto is “limitless hospitality.”
Radisson Hotel Group trained more than 300 individuals for hospitality roles with THSC, Job Plus, and the Sustainable Hospitality Alliance marked World Youth Skills Day on July 15.
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Neemrana Hotels is working with Uttar Pradesh and Madhya Pradesh to restore heritage sites.
The two sites are Baruasagar Fort in Jhansi, Uttar Pradesh, and Raja Rani Mahal in Chanderi, Madhya Pradesh.
Neemrana aims to convert them into “revenue-generating non-hotels.”
INDIA’S NEEMRANA HOTELS recently signed agreements with the governments of Uttar Pradesh and Madhya Pradesh states to restore and adapt heritage structures under a public-private partnership. The two sites are Baruasagar Fort in Jhansi, Uttar Pradesh, and Raja Rani Mahal in Chanderi, Madhya Pradesh.
Neemrana aims to convert them into “revenue-generating non-hotels,” a term it uses for heritage sites adapted for hospitality without typical hotel conventions.
The Baruasagar project is scheduled for completion by 2027, while the Madhya Pradesh project is targeted for 2028, Economic Times reported.
Baruasagar Fort’s phase one includes 25 guest rooms, a restaurant, a pool, a spa, spaces for cultural activities and facilities for small destination events. Restoration of Raja Rani Mahal in Chanderi’s Inner Town will begin with 10 to 12 guest rooms and is expected to retain the site’s architectural integrity.
A project representative said the goal is to retain historical authenticity while adding functional hospitality infrastructure.
Neemrana began operations in 1991, when co-founders Aman Nath and Francis Wacziarg opened the Neemrana Fort-Palace as a 12-room hotel after acquiring it in 1986. The company, now led by Co-founder and Chairman Aman Nath and CEO Sonavi Kaicker, operates more than 15 heritage hotels across India.
Tata Sons launched a hospitality platform for Indian Hotels Co. Ltd., enabling revenue-share operations on group-owned assets.
The first asset on the platform is a Ginger hotel near Kolkata airport.
IHCL is set to reach 400 hotels by the end of July and targets 700 by 2030.
TATA SONS LAUNCHED a new hospitality platform to support Indian Hotels Co. Ltd., enabling it to operate group-owned hotels on a revenue-share model while staying asset-light. The first project under this initiative is a 195-room Ginger hotel under construction near Kolkata airport.
Tata Sons will own the building and IHCL will operate the hotel. A revenue-sharing lease is planned once the hotel opens, Financial Express reported. Tata Sons is the holding company and main shareholder of the Tata Group, which includes entities such as Indian Hotels Co. Ltd., operator of the Taj, Vivanta and Ginger brands.
“Over time, this could potentially lead to the creation of an asset platform, which could become a big strategic enabler for IHCL,” IHCL managing director Puneet Chhatwal said in the Financial Express report.
The model supports IHCL’s capital-light strategy, despite ending the first quarter with $354 million in cash reserves. It plans to spend $116 to $174 million annually over the next two to three years on new properties, renovations and digital upgrades.
Meanwhile, IHCL reported a 19 percent year-on-year rise in consolidated net profit for the first quarter of this fiscal to $34.3 million, driven by growth in hotel and non-hotel segments, up from or $28.7 million a year earlier.
“It is the beginning of a journey where Tata Sons would gain from an asset platform and we gain in doing a revenue share. We will stay capital-light but benefit fully without development risk, construction risk, delays, depreciations, or future investments,” Chhatwal said.
Upcoming IHCL projects include the $290 million Taj Bandstand in Mumbai and two Taj resorts in Lakshadweep -- Suheli and Kadmat. The group has 143 hotels in the pipeline and plans to add 30 to 40 properties annually. It is on track to reach a 400-hotel portfolio by the end of July and aims for 700 hotels by 2030.
“IHCL continued its growth momentum with 12 signings, taking the portfolio to over 390 hotels and opened six new hotels in the quarter,” Chhatwal said. “Taj remains an icon in the global hospitality landscape. The hospitality sector, despite geopolitical headwinds, continues to show resilience and sustained growth.”
ITC Hotels posted record quarterly profit and revenue in the first quarter of fiscal 2026, with revenue up 20 percent to $103.2 million and profit up 53 percent to $16.08 million.
The portfolio has grown to more than 200 hotels, with 143 operational and 58 in the pipeline.
Welcomhotel Prayagraj, ITC’s seventh property in Uttar Pradesh, includes 60 rooms and banqueting space.
INDIA’S ITC HOTELS posted its highest-ever quarterly profit and revenue in the first quarter of fiscal year 2026, with consolidated revenue up 20 percent to $103.2 million and profit rising 53 percent to $16.08 million, according to a Times of India report. Meanwhile, ITC launched Welcomhotel Prayagraj in Uttar Pradesh, bringing its total to seven properties in the state, with six more in the pipeline.
The company's portfolio has grown to more than 200 hotels, with 143 operational and 58 in the pipeline, the Times said, citing a company statement. Over the past 24 months, it recorded 55 signings and 25 openings.
ITC is targeting 220 operational hotels and over 20,000 keys by 2030, the statement said. Its asset-right strategy aims to drive capital-efficient growth through partnerships with asset owners, leveraging brand credentials and providing operational expertise. Its presence has expanded to tier 2 and tier 3 cities, where demand for premium hospitality is rising.
It presently has 58 hotels in the pipeline with more than 5,300 keys.
ITC Ltd demerged its hotel business into a separate entity, ITC Hotels Ltd, effective Jan. 6, enabling both companies to pursue separate growth paths.
Welcomhotel Prayagraj
ITC Hotels’ Welcomhotel Prayagraj is operated under a management contract, aligns with the company’s asset-right strategy. The property features 60 rooms and suites with city views, along with indoor and outdoor banqueting spaces for weddings, gatherings and corporate events, ITC said in a statement.
“It is with great pride that we unveil Welcomhotel Prayagraj in a city of profound cultural and spiritual significance,” said Anil Chadha, ITC’s managing director. “This expansion not only strengthens our footprint in Uttar Pradesh but also reflects our commitment to delivering meaningful hospitality experiences—celebrating the region’s heritage while upholding the highest standards of service. Prayagraj, with its enduring appeal and spiritual depth stands as a beacon of India’s rich history and offers a destination that resonates deeply.”
Prayagraj, located near the confluence of the Ganga, Yamuna and Saraswati rivers, reflects India’s spiritual and intellectual heritage, the statement said. The hotel is close to key sites including the ghats of Triveni Sangam and Allahabad Fort. It offers guided heritage walks, spiritual trails to Shri Bade Hanuman Ji Mandir and excursions to Khusro Bagh and the Kumbh Mela grounds.
JK Agrawal of the Owning Board said the project marks a milestone, combining their vision for the city with ITC Hotels’ expertise in hospitality.
“Our purpose has always been to create developments that serve travelers and contribute to the local community and economy,” he said. “This hotel reflects that belief, a recognition of the city’s identity, with a promise of quality and care.”
Tata Sons and Tata Trusts formed a $58 million welfare trust for victims of the June 12 Air India crash, contributing $29 million each.
Tata Sons, established in 1917 and registered in Mumbai, is the Tata Group’s holding company; Tata Trusts collectively own 66 percent of it.
Tata Sons reacquired 100 percent of Air India in January 2022 through its subsidiary Talace Pvt Ltd.
TATA SONS ESTABLISHED a $58 million, or Rs 500 crore, welfare trust for victims of the June 12 Air India crash. The AI-171 Memorial and Welfare Trust is registered in Mumbai.
The Air India flight from Ahmedabad to London crashed shortly after takeoff, killing 260 people, including 19 on the ground. A preliminary report by the Aircraft Accident Investigation Bureau found that fuel supply to the engines was cut off. A crane is removing the tail section from the wreckage.
Tata Sons and Tata Trusts have each committed $29 million or Rs 250 crore to the trust, Tata said in a statement. The fund will provide $116,100, or Rs 1 crore, as ex gratia to the families of those who died. It also will support medical treatment for the injured and reconstruction of the B.J. Medical College Hostel, which was damaged in the crash.
The trust will be managed by a five-member board of trustees. The first two appointees are S. Padmanabhan, a former Tata executive and Sidharth Sharma, General Counsel at Tata Sons. Additional trustees will be appointed. The trust will begin operations after registration with tax authorities and completion of other formalities.
Air India was founded by J.R.D. Tata and began operations on Oct. 15, 1932. The Government of India nationalised it in March 1953, taking full ownership from Tata Sons. In January 2022, Tata Sons reacquired 100 percent of Air India through its subsidiary Talace Pvt Ltd.
Tata Sons Pvt Ltd., established in 1917 and registered in Mumbai, is the holding company of the Tata Group. It holds stakes in all group companies and owns the Tata trademarks. Tata-branded companies operate under the Brand Equity and Business Promotion Agreement, which requires adherence to the Tata Code of Conduct and Tata Business Excellence Model.
Tata Trusts, endowed by Tata family members, collectively own 66 percent of Tata Sons. The largest trusts include the Sir Dorabji Tata Trust and the Sir Ratan Tata Trust. Tata Trusts appoint one-third of the Tata Sons board and hold significant governance influence. Noel Tata was appointed chairman of Tata Trusts in October 2024 and joined the Tata Sons board in November 2024.
Tata Group companies employed more than 1 million people in 2023–24 and recorded total revenue of $165 billion. As of March 31, 2024, the 26 listed Tata companies had a combined market valuation of $365 billion, according to the group’s website.
N. Chandrasekaran has served as chairman of Tata Sons and Tata Group since January 2017.