Maha Kumbh Mela drives 7-9% growth in Indian hotel industry, boosting profits and raising airfares.

The Maha Kumbh Mela has significantly boosted profits for Indian hotels and airlines, with Benares Hotels seeing a 20% increase in net profit. Airfares to Prayagraj have skyrocketed, and the hotel industry is expected to grow by 7-9% by FY2025, driven by domestic leisure travel, weddings, and business events. Occupancy rates are predicted to reach highs, with average room rates expected to rise to around Rs.7,800-8,000.

2 months ago
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