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India Must Boost Foreign Tourism To Drive Hotel Growth Says Pride Hotels CEO
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Moneycontrol•16-10-2026, 14:20
India Must Boost Foreign Tourism To Drive Hotel Growth Says Pride Hotels CEO
- •Pride Hotels Group CEO Satyen Jain stated that India must step up international tourism promotion to secure its fair share of global tourism and unlock hotel growth.
- •Foreign tourist arrivals dropped 8 percent to 9.15 million in 2025, with international arrivals remaining below pre-Covid levels.
- •Pride Hotels plans to expand its portfolio from 40 to 72 properties, entering cities like Mumbai and Hyderabad while strengthening presence in smaller markets.
- •High hotel room rates in India are driven by expensive land, rising construction costs, and lower floor space index restrictions compared to global hubs like Bangkok.
- •The hotel group is allocating around Rs 160 crore from its upcoming Rs 1,000 crore IPO proceeds toward asset renovations and room upgrades.
Key Questions Answered
Hotel project costs in India are driven up by expensive land, rising construction expenses, competing commercial uses, and limited floor space index limits that often incur high premium charges.
Pride Hotels plans to launch an IPO of Rs 1,000 crore by December, allocating Rs 160 crore for property renovations while expanding its portfolio from 40 to 72 properties.
Foreign tourist arrivals dropped by 8 percent to 9.15 million in 2025, with arrivals remaining below pre-Covid levels and prompting calls for increased international promotion.
