The Indian hotel industry body and several leading players in the domestic hospitality and realty sector, however, are not so hopeful of such a huge expansion in the sector in such a short period. — Photo by Arabian Business

Indian hospitality sector is expected to witness an exponential growth over the next three years, with the branded hotel chains set to see a 50 percent growth in their capacities by 2022, on the back of rising demand hugely outstripping current supply, a recent PwC report has said.

"The supply in Indian hospitality sector is growing at 8 percent year-on-year. However, demand is growing at almost twice this rate," the report said, adding that this is leading to more and more international chains and brands of existing chains being launched in India.

According to the PwC report, Marriott, which currently operates 104 hotels in India, is expected to add another 50 hotels to its portfolio, while Radisson, which currently has a total of 76 hotels across various cities in India, is expected to add another 85 hotels by 2022.

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