Indian Hotels , owner of the luxury Taj brand, is emerging as a flag bearer of the South Asian country's tourism boom. The $12 billion company on Monday unveiled a fifth hotel under development in Mumbai.
The article from Reuters Breakingviews discusses the current state and future prospects of India's travel industry. Despite a robust recovery in domestic travel post the global health crisis, with air travel and hotel bookings surpassing pre-COVID levels, the sector faces several challenges. International travel from India has not fully recovered, with outbound travel still below 2019 levels due to visa issues, high airfares, and geopolitical tensions. The article highlights that while domestic tourism thrives, driven by a growing middle class and increased disposable income, the industry's growth is tempered by infrastructure bottlenecks, regulatory hurdles, and the need for more international connectivity. Looking forward, the potential for growth remains significant, but the sector needs to address these issues to fully capitalize on the demand, especially as India's economy continues to expand and more Indians aspire to travel abroad.
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