As India Splurges On Travel, Hospitality Matches Supply With Demand
India's domestic air travel has improved and reached the pre-Covid levels, according to the latest data by the International Air Transport Association (IATA). The country's domestic air travel touched 85.7 per cent of pre-Covid 2019 levels in 2022, the IATA added.
It reflects how domestic tourism is on the forefront of India's travel business. With this year’s Union budget emphasis on Indian hotels and homestays business are constantly adding inventory to match up with the increasing demand for unique vacation experiences
Celebrations & Corporate Offsites have seen a rise in demand. Be it a milestone celebration, your pet’s birthday, or a bachelorette, private villas have seen a surge in demand. SaffronStays a network of private villas, is aggressively tapping inventory in North and South of India. They have added 22 new homes in North India between November '22 - Jan '23 and 19 villas across Kerala, Karnataka, Tamil Nadu.
Established hospitality brands like ITC, Marriott, Taj have launched an in Villa rental to cater to the new audiences
Deven Parulekar , Founder at SaffronStays says "The supply is pegged to grow 10x in the next 3 years as demand grows"
