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Hospitality

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Dive into the latest trends and news in the hospitality industry. This tag covers a range of topics including hotel developments, tourism trends, service innovations, and industry insights, offering valuable information for professionals and enthusiasts in the hospitality sector.

Indian Hospitality Sector Booms: Strong Growth in RevPAR and Investments

India’s Hospitality Sector Booms in 2024 with Over 42,000 New Hotel Keys and Strong Investment Momentum

India’s hospitality industry saw a record year in 2024, with over 42,000 new branded hotel keys signed and strong investor interest from HNIs and listed companies. Tier II and III cities led the growth wave, marking a significant shift in hotel development and investment trends.
Indian Hospitality Sector Booms: Strong Growth in RevPAR and Investments

Indian Hospitality Sector Booms: Strong Growth in RevPAR and Investments

The Indian hospitality sector experienced significant growth in Q4 2024, with Hyderabad recording the highest RevPAR surge at 23.3%. The industry saw 99 new hotel signings, with Tier II and III cities accounting for 75% of the expansions. Investments reached INR 2,900 crore, driven by private investors and HNIs, signaling strong confidence in the sector’s future.
Hospitality industry

Hospitality Sector Sees 10.8% Year-on-Year RevPAR Growth in Q3 2024

The Indian hospitality sector reported a 10.8% Year-on-Year growth in RevPAR for Q3 2024, with Hyderabad leading the charge at 23.6%. The sector continues to benefit from strong corporate travel, new hotel openings, and an expected rise in MICE events.
Hospitality industry

India’s Hospitality Sector Sees USD 93 Million in Investments in H1 2024

In the first half of 2024, India’s hospitality sector attracted USD 93 million in investments, with a forecasted year-end total of USD 413 million, a 22% increase from the previous year. JLL’s report notes strong contributions from listed hotel companies, significant hotel signings, and robust growth across various market segments, reflecting continued investor confidence and favorable economic conditions.
Hospitality industry

Indian hospitality sector witnesses 11.4% YoY RevPAR Growth in Q1 2024

The Indian hospitality sector continued to witness Year-on-Year (Y-o-Y) growth in performance…