India's alternative accommodation market projected to reach $4.7 bn GBV by FY29
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The Indian alternative accommodation market is expected to grow to $4.7 billion in gross booking value by fiscal year 2029, up from $2.6 billion in FY26.
The sector had more than 200,000 digitally distributed listings in FY26 and is projected to expand at a 21.2% compound annual growth rate through FY29, representing about 13% of total lodging gross booking value. Major metros and classic vacation spots accounted for 46% of inventory in FY26, while listings in Greater Noida and Indore grew over 100% and Ayodhya saw growth of 95%–108% between June 2025 and June 2026.