According to Prime Minister Mr. Narendra Modi, who was addressing the “Rozgar Mela”, the Indian tourism sector alone is expected to contribute Rs. 20 trillion (US$ 240 billion) to the economy by 2030 and has the potential to provide 130-140 million new jobs.

According to the Hotel Association of India (HAI) and Benori Knowledge research 'Vision 2047: Indian Hotel Industry,' the hotel industry's direct contribution to GDP was US$ 40 billion in 2022 and is predicted to reach US$ 68 billion by 2027. It was also stated that it would be close to $1 trillion by 2047.

The value of the travel and tourism sector's contribution to the Indian economy in 2022 was US$ 190 billion (Rs. 15.7 trillion) and is expected to reach US$ 201.37 billion (Rs. 16.5 trillion), by the end of 2023, according to figures from the World Travel & Tourism Council (WTTC).

Airbnb has signed an MoU with the Union Ministry of Tourism to showcase India's heritage stays and promote cultural tourism. Airbnb will partner with the ministry to promote inbound tourism and launch a dedicated 'Soul of India' microsite showcasing India's rich culture and heritage.
 

A report titled, ‘Indian Hospitality Sector: On a Comeback Trail,’ released by the real estate consultancy company CBRE South Asia predicts that over the next 2-5 years, investments in India's hospitality sector would surpass US$ 2.3 billion. More than US$ 400 million in investments are anticipated between 2020-23.