Being the fastest growing major economy in the world, the demand for quality hotel accommodation In India has dramatically picked up pace – it grew at over 16% in 2017, and is forecast to gather even more momentum in future. Industry estimates point to a requirement of about 2,10,000 every night, considering just visitors who travel by air! Taking surface transport demands too into account, over 1.4 million beds would be needed every night. With the average age of Indians being just 28, ours is a predominantly young economy. Leisure travel, once a seasonal and niche segment, has now become far more mainstream and popular – the domestic travel market has over 1.3 billion visitations a year. Keeping all this in mind, MGF Developments Ltd has already identified locations across its extensive land bank for developing a range of quality hotels that can help strengthen India’s hospitality industry.