Recently released HVS Anarock’s Indian Hospitality Industry Overview 2022 report has observed that resurgence of corporate travel and large-ticket conferences and events helped in reshaping the fortunes of commercial markets and popular Meetings, Incentives, Conferences and Exhibitions (M!CE) destinations.
“Buoyed by segments such as weddings and events, the hospitality sector continued its unabated growth in ARRs to recover in part the losses of the previous two years. Corporate travel recovered as well, contributing to the overall recovery of the sector. Also, the resurgence in corporate travel, large-ticket conferences and events and weddings, fueled the recovery in most commercial markets,” the report stated.
