Kolkata Hospitality Trends 2024: Business Growth & Tourism Revival

# Kolkata Hospitality Trends 2024: Business Growth & Tourism Revival

Kolkata, known for its rich cultural heritage and growing business ecosystem, has experienced steady hospitality growth in 2023/24, driven by corporate travel, M.I.C.E. events, and heritage tourism. With rising ADR, RevPAR improvements, and new hotel developments, Kolkata is positioning itself as an emerging hospitality hub in Eastern India.

• Kolkata Airport handled over 22.7 million passengers in 2023/24, reflecting a 27% growth from 17.9 million in 2021/22.
• Increased international connectivity is enhancing business and tourism demand.
• Domestic travel remains strong, supporting the city’s hospitality expansion.

• ADR increased to ₹6,850, indicating a strong demand for corporate and heritage travelers.
• RevPAR showed steady growth, fueled by business and leisure travel.
• Occupancy rates stabilized at 68.9%, reflecting consistent demand across segments.

• Kolkata added 740 new rooms in 2023/24, bringing total inventory to 10,400 rooms.
• Growth in upscale and mid-market hotels aligns with increasing business demand.
• Luxury hotels and boutique stays are expanding, catering to both corporate and leisure travelers.

• Kolkata recorded ₹5,450 RevPAR, ranking among the fastest-growing metro hospitality markets.
• Steady corporate travel and heritage tourism contribute to revenue growth.

• Total room revenue reached ₹12.2 billion, reflecting steady market expansion.
• Business travel and cultural tourism play key roles in revenue generation.

• Kolkata is gaining traction as a M.I.C.E. and heritage tourism destination, attracting business conferences and cultural events.
• Heritage hotels and boutique stays are seeing increased occupancy, with tourists seeking immersive experiences.
• Government initiatives to promote heritage tourism are boosting hospitality demand.

• Upscale and midmarket hotels dominate, making up 60% of Kolkata’s hospitality landscape.
• Luxury hotels are expanding, appealing to premium business and leisure travelers.

• Revenue per key stands at ₹19.7 lakh, positioning Kolkata among India’s growing hospitality hubs.
• Sustained demand from corporate travelers and heritage tourists helps maintain strong revenue performance.

• Hotel supply is expected to grow by 14% over the next five years.
• Expansion in business districts and heritage tourism zones will drive hospitality demand.
• Demand from corporate travelers and leisure tourists will sustain future revenue growth.

✅ Air travel growth supports steady business and tourism demand.

✅ Corporate travel and heritage tourism drive ADR and RevPAR increases.

✅ Total room revenue of ₹12.2 billion highlights market potential.

✅ M.I.C.E. and cultural events create new opportunities for hotels.

✅ Hotel developments are aligning with business and leisure market needs.

• Expand corporate offerings to attract business travelers and long-stay guests.
• Enhance heritage tourism experiences with immersive marketing.
• Strengthen Kolkata’s positioning as a M.I.C.E. destination for conferences and trade events.
• Leverage digital platforms to increase bookings and brand visibility.