India's travel and hospitality industry has seen robust growth over the past few years, thanks to government initiatives and a change in people's outlook toward travel spending brought on by the pandemic. There is still huge potential for growth in India's hospitality industry, with low penetration in the country. The development of Vande Bharat trains is expected to boost the industry further by improving connectivity, and management contracts, franchise models, and revenue-sharing models are being explored to capture the impending growth opportunity. Meanwhile, Lemon Tree and Indian Hotels are expected to see significant revenue growth over the next few years.