Ahmedabad Hospitality Trends 2024: Business Growth & Market Expansion

# Ahmedabad Hospitality Trends 2024: Business Growth & Market Expansion

Ahmedabad, a key business and industrial hub, has experienced steady growth in its hospitality sector. In 2023/24, Ahmedabad saw an increase in corporate travel, M.I.C.E. events, and domestic tourism, driving higher ADRs, RevPAR, and occupancy rates. With new hotel developments and business expansion, Ahmedabad is becoming an emerging hospitality hotspot.

• Ahmedabad Airport handled over 11.5 million passengers in 2023/24, marking a 25% increase from 9.2 million in 2021/22.
• Growth in corporate travel and domestic tourism has strengthened Ahmedabad’s hospitality demand.
• International flight connectivity improvements are attracting more global business travelers.

• ADR increased to ₹6,900, reflecting Ahmedabad’s rising business travel demand.
• RevPAR saw an upward trend, driven by strong occupancy in the business and M.I.C.E. segments.
• Occupancy levels remain stable at 69.2%, sustained by corporate and industrial travel.

• Ahmedabad added 580 new rooms in 2023/24, bringing the total inventory to 9,450 rooms.
• Midscale and upscale hotels dominate the market, catering to business and industrial travelers.
• New developments focus on premium business hotels, aligning with Ahmedabad’s commercial expansion.

• Ahmedabad recorded ₹4,850 RevPAR, placing it among India’s top-performing business travel markets.
• Strong domestic corporate travel demand is fueling revenue growth.

• Total room revenue reached ₹10.4 billion, reflecting robust hospitality performance.
• Corporate travel and M.I.C.E. bookings contribute significantly to revenue expansion.

• Ahmedabad is a leading city for business conferences and corporate events.
• Growth in M.I.C.E. activity has led to increased occupancy rates in premium business hotels.
• Corporate travel demand is expected to remain strong with Ahmedabad’s expanding industrial base.

• Upscale and mid-market hotels make up 65% of Ahmedabad’s hospitality landscape, catering to corporate guests.
• Luxury hotels are expanding, serving high-end business travelers and international delegates.

• Revenue per key stands at ₹20.8 lakh, positioning Ahmedabad among India’s high-performing business hubs.
• Sustained corporate demand ensures strong per-room profitability.

• Hotel supply is expected to grow by 17% over the next five years.
• New developments in business districts will shape future hospitality growth.
• Demand from corporate travelers and industrial expansion will drive continued performance.

✅ Air travel growth supports sustained hotel demand.

✅ Corporate travel drives ADR and RevPAR gains.

✅ Total room revenue of ₹10.4 billion highlights market strength.

✅ Limited new supply allows existing hotels to maintain pricing power.

✅ M.I.C.E. and industrial expansion ensure long-term stability.

• Expand corporate travel offerings, including premium business services.
• Enhance M.I.C.E. infrastructure to attract large-scale conferences and trade fairs.
• Leverage Ahmedabad’s industrial growth to boost business travel stays.
• Strengthen digital marketing to capture corporate and international travelers.