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.

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.